Algonquin Power & Utilities (AQN) Stock Forecast, Price Target & Predictions
AQN Stock Forecast
Algonquin Power & Utilities stock forecast is as follows: an average price target of $5.88 (represents a 33.94% upside from AQN’s last price of $4.39) and a rating consensus of 'Hold', based on 11 wall street analysts offering a 1-year stock forecast.
AQN Price Target
The average price target for Algonquin Power & Utilities (AQN) is $5.88 based on 1-year price targets from 11 Wall Street analysts in the past 3 months, with a price target range of $6.75 to $5.50. This represents a potential 33.94% upside from AQN's last price of $4.39.
AQN Analyst Ratings
According to 11 Wall Street analysts, Algonquin Power & Utilities's rating consensus is 'Hold'. The analyst rating breakdown for AQN stock is 0 'Strong Buy' (0.00%), 4 'Buy' (36.36%), 7 'Hold' (63.64%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Algonquin Power & Utilities Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 22, 2024 | Mark Jarvi | CIBC | $5.50 | $5.07 | 8.48% | 25.28% |
| Oct 16, 2024 | Neil Kalton | Wells Fargo | $5.50 | $5.09 | 8.06% | 25.28% |
| Aug 13, 2024 | Robert Hope | Scotiabank | $5.75 | $5.17 | 11.33% | 30.98% |
| Aug 12, 2024 | Rupert Merer | National Bank | $6.75 | $5.15 | 31.07% | 53.76% |
| Aug 12, 2024 | Neil Kalton | Wells Fargo | $6.00 | $5.41 | 10.91% | 36.67% |
| May 29, 2024 | Neil Kalton | Wells Fargo | $8.50 | $6.38 | 33.23% | 93.62% |
| Mar 11, 2024 | Brent Stadler | Desjardins | $5.75 | $6.42 | -10.44% | 30.98% |
| Jan 08, 2024 | Ben Pham | BMO Capital | $7.50 | $6.51 | 15.21% | 70.84% |
| Jan 13, 2023 | BMO Capital | $7.50 | $7.14 | 5.04% | 70.84% | |
| Jan 13, 2023 | Credit Suisse | $10.50 | $7.14 | 47.06% | 139.18% | |
| Dec 21, 2022 | RBC Capital | $8.00 | $6.70 | 19.40% | 82.23% | |
| Nov 30, 2022 | Credit Suisse | $10.75 | $7.30 | 47.26% | 144.87% | |
| Nov 14, 2022 | TD Securities | $10.00 | $7.97 | 25.47% | 127.79% | |
| Nov 14, 2022 | Credit Suisse | $12.00 | $9.30 | 29.03% | 173.35% | |
| Nov 14, 2022 | RBC Capital | $12.00 | $9.30 | 29.03% | 173.35% | |
| Oct 07, 2022 | Rupert Merer | National Bank | $14.25 | $10.83 | 31.58% | 224.60% |
The latest Algonquin Power & Utilities stock forecast, released on Oct 22, 2024 by Mark Jarvi from CIBC, set a price target of $5.50, which represents a 8.48% increase from the stock price at the time of the forecast ($5.07), and a 25.28% increase from AQN last price ($4.39).
Algonquin Power & Utilities Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 2 | 8 |
| Avg Price Target | - | $5.50 | $6.41 |
| Last Closing Price | $4.39 | $4.39 | $4.39 |
| Upside/Downside | -100.00% | 25.28% | 46.01% |
In the current month, the average price target of Algonquin Power & Utilities stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Algonquin Power & Utilities's last price of $4.39. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 22, 2024 | CIBC | Neutral | Neutral | Hold |
| Oct 16, 2024 | Wells Fargo | Equal-Weight | Equal-Weight | Hold |
| Sep 05, 2024 | Janney Montgomery | Neutral | Initialise | |
| Aug 13, 2024 | Scotiabank | Sector Perform | Sector Perform | Hold |
| Aug 12, 2024 | Raymond James | Market Perform | Downgrade | |
| Aug 12, 2024 | Wells Fargo | Overweight | Equal-Weight | Downgrade |
| May 29, 2024 | Wells Fargo | Overweight | Overweight | Hold |
| Mar 11, 2024 | Desjardins | Sell | Hold | Upgrade |
| Jan 08, 2024 | BMO Capital | Market Perform | Outperform | Upgrade |
| Nov 10, 2023 | Wells Fargo | Overweight | Overweight | Hold |
| Nov 10, 2023 | BMO Capital | Market Perform | Market Perform | Hold |
| Feb 16, 2023 | Bank of America Securities | Buy | Upgrade | |
| Jan 13, 2023 | BMO Capital | Market Perform | Market Perform | Hold |
| Jan 13, 2023 | Desjardins | Sell | Downgrade | |
| Jan 05, 2023 | Wells Fargo | Overweight | Upgrade | |
| Dec 21, 2022 | RBC Capital | Sector Perform | Sector Perform | Hold |
| Nov 30, 2022 | Credit Suisse | Outperform | Outperform | Hold |
| Oct 11, 2022 | Credit Suisse | Outperform | Upgrade | |
| Oct 07, 2022 | National Bank | Outperform | Upgrade |
Algonquin Power & Utilities's last stock rating was published by CIBC on Oct 22, 2024. The company gave AQN a "Neutral" rating, the same as its previous rate.
Algonquin Power & Utilities Financial Forecast
Algonquin Power & Utilities Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $778.63M | $738.48M | $666.72M | $624.26M | $735.70M | $594.84M | $528.58M | $527.52M | $634.54M | $492.40M | $376.12M | $343.64M | $464.90M | $438.55M | $365.57M |
| Avg Forecast | $644.00M | $625.00M | $569.00M | $716.00M | $626.00M | $608.00M | $554.00M | $698.00M | $635.14M | $620.46M | $635.95M | $813.38M | $661.73M | $623.56M | $611.83M | $733.59M | $685.66M | $593.82M | $614.28M | $709.61M | $521.99M | $483.03M | $463.04M | $560.76M | $523.18M | $412.62M | $407.40M | $562.11M | $479.41M | $404.19M |
| High Forecast | $653.54M | $634.26M | $577.43M | $726.60M | $635.27M | $617.01M | $562.21M | $708.34M | $663.23M | $621.97M | $635.95M | $813.38M | $688.44M | $635.23M | $620.89M | $744.45M | $695.81M | $593.82M | $614.28M | $709.61M | $521.99M | $483.03M | $463.04M | $560.76M | $523.18M | $412.62M | $407.40M | $562.11M | $479.41M | $404.19M |
| Low Forecast | $634.48M | $615.76M | $560.59M | $705.41M | $616.74M | $599.01M | $545.81M | $687.68M | $607.04M | $618.96M | $635.95M | $813.38M | $635.01M | $611.90M | $602.78M | $722.74M | $675.52M | $593.82M | $614.28M | $709.61M | $521.99M | $483.03M | $463.04M | $560.76M | $523.18M | $412.62M | $407.40M | $562.11M | $479.41M | $404.19M |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 2 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 9 | 9 | 5 | 5 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.06% | 1.08% | 1.12% | 1.02% | 1.04% | 1.14% | 1.09% | 1.14% | 1.13% | 0.94% | 0.91% | 0.84% | 0.83% | 0.91% | 0.90% |
Algonquin Power & Utilities's average Quarter revenue forecast for Jun 23 based on 1 analysts is $611.83M, with a low forecast of $602.78M, and a high forecast of $620.89M. AQN's average Quarter revenue forecast represents a -21.42% decrease compared to the company's last Quarter revenue of $778.63M (Mar 23).
Algonquin Power & Utilities EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 2 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 9 | 9 | 5 | 5 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $302.65M | $284.64M | $259.01M | $251.95M | $281.44M | $338.36M | $100.90M | $255.37M | $139.33M | $688.62M | $153.24M | $453.62M | $47.63M | $309.63M | $249.17M |
| Avg Forecast | $208.13M | $201.99M | $183.89M | $231.40M | $202.31M | $196.49M | $179.04M | $225.58M | $205.26M | $200.52M | $205.53M | $319.93M | $213.86M | $201.52M | $197.73M | $290.85M | $348.17M | $246.20M | $254.68M | $264.41M | $216.42M | $200.26M | $191.97M | $139.33M | $216.91M | $171.07M | $168.91M | $50.01M | $275.23M | $167.57M |
| High Forecast | $211.21M | $204.98M | $186.61M | $234.83M | $205.31M | $199.41M | $181.69M | $228.92M | $214.34M | $201.01M | $205.53M | $383.92M | $222.49M | $205.30M | $200.66M | $349.02M | $417.80M | $246.20M | $254.68M | $317.29M | $216.42M | $200.26M | $191.97M | $167.19M | $216.91M | $171.07M | $168.91M | $60.01M | $330.28M | $167.57M |
| Low Forecast | $205.05M | $199.00M | $181.17M | $227.98M | $199.32M | $193.59M | $176.40M | $222.25M | $196.18M | $200.04M | $205.53M | $255.95M | $205.22M | $197.75M | $194.81M | $232.68M | $278.53M | $246.20M | $254.68M | $211.53M | $216.42M | $200.26M | $191.97M | $111.46M | $216.91M | $171.07M | $168.91M | $40.01M | $220.18M | $167.57M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.04% | 0.82% | 1.05% | 0.99% | 1.06% | 1.56% | 0.50% | 1.33% | 1.00% | 3.17% | 0.90% | 2.69% | 0.95% | 1.13% | 1.49% |
1 analysts predict AQN's average Quarter EBITDA for Jun 23 to be $197.73M, with a high of $200.66M and a low of $194.81M. This is -34.67% lower than Algonquin Power & Utilities's previous annual EBITDA (Mar 23) of $302.65M.
Algonquin Power & Utilities Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 2 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 9 | 9 | 5 | 5 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $270.14M | $-91.10M | $-207.34M | $-62.32M | $52.60M | $143.51M | $-27.92M | $103.22M | $13.95M | $504.19M | $55.85M | $286.22M | $-63.80M | $172.10M | $115.75M |
| Avg Forecast | $76.97M | $84.67M | $38.48M | $84.67M | $73.12M | $69.27M | $46.18M | $69.27M | $65.56M | $70.13M | $61.27M | $104.56M | $109.12M | $93.14M | $81.35M | $95.06M | $193.52M | $116.53M | $103.57M | $86.42M | $147.60M | $106.14M | $92.77M | $13.95M | $156.05M | $96.38M | $82.73M | $-66.99M | $152.98M | $90.23M |
| High Forecast | $78.45M | $86.30M | $39.23M | $86.30M | $74.53M | $70.61M | $47.07M | $70.61M | $73.75M | $73.93M | $61.42M | $125.48M | $148.09M | $94.67M | $82.92M | $114.07M | $232.22M | $116.53M | $103.57M | $103.70M | $147.60M | $106.14M | $92.77M | $16.74M | $156.05M | $96.38M | $82.73M | $-53.59M | $183.57M | $90.23M |
| Low Forecast | $75.49M | $83.04M | $37.74M | $83.04M | $71.72M | $67.94M | $45.29M | $67.94M | $49.17M | $66.32M | $61.12M | $83.65M | $85.74M | $91.61M | $79.79M | $76.05M | $154.81M | $116.53M | $103.57M | $69.13M | $147.60M | $106.14M | $92.77M | $11.16M | $156.05M | $96.38M | $82.73M | $-80.38M | $122.38M | $90.23M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.84% | -0.47% | -1.78% | -0.60% | 0.61% | 0.97% | -0.26% | 1.11% | 1.00% | 3.23% | 0.58% | 3.46% | 0.95% | 1.13% | 1.28% |
Algonquin Power & Utilities's average Quarter net income forecast for Jun 23 is $81.35M, with a range of $79.79M to $82.92M. AQN's average Quarter net income forecast represents a -69.89% decrease compared to the company's last Quarter net income of $270.14M (Mar 23).
Algonquin Power & Utilities SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 2 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 9 | 9 | 5 | 5 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $22.79M | $23.82M | $24.96M | $22.36M | $20.03M | $22.69M | $19.04M | $22.09M | $19.22M | $19.61M | $19.35M | $29.93M | $15.67M | $5.20M | $19.92M |
| Avg Forecast | $25.74M | $24.98M | $22.74M | $28.61M | $25.02M | $24.30M | $22.14M | $27.90M | $25.38M | $24.80M | $25.42M | $23.02M | $26.45M | $24.92M | $24.45M | $20.93M | $5.84M | $24.61M | $25.46M | $19.03M | $21.63M | $20.02M | $19.19M | $19.22M | $21.68M | $17.10M | $16.88M | $19.98M | $4.62M | $16.75M |
| High Forecast | $26.12M | $25.35M | $23.08M | $29.04M | $25.39M | $24.66M | $22.47M | $28.31M | $26.51M | $24.86M | $25.42M | $27.63M | $27.51M | $25.39M | $24.81M | $25.12M | $7.01M | $24.61M | $25.46M | $22.83M | $21.63M | $20.02M | $19.19M | $23.07M | $21.68M | $17.10M | $16.88M | $23.98M | $5.54M | $16.75M |
| Low Forecast | $25.36M | $24.61M | $22.40M | $28.19M | $24.65M | $23.94M | $21.81M | $27.48M | $24.26M | $24.74M | $25.42M | $18.42M | $25.38M | $24.45M | $24.09M | $16.75M | $4.67M | $24.61M | $25.46M | $15.22M | $21.63M | $20.02M | $19.19M | $15.38M | $21.68M | $17.10M | $16.88M | $15.98M | $3.70M | $16.75M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.09% | 4.08% | 1.01% | 0.88% | 1.05% | 1.05% | 0.95% | 1.15% | 1.00% | 0.90% | 1.13% | 1.77% | 0.78% | 1.13% | 1.19% |
Algonquin Power & Utilities's average Quarter SG&A projection for Jun 23 is $24.45M, based on 1 Wall Street analysts, with a range of $24.09M to $24.81M. The forecast indicates a 7.27% rise compared to AQN last annual SG&A of $22.79M (Mar 23).
Algonquin Power & Utilities EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 2 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 9 | 9 | 5 | 5 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.39 | $-0.13 | $-0.31 | $-0.09 | $0.08 | $0.23 | $-0.05 | $0.16 | $0.02 | $0.84 | $0.09 | $0.54 | $-0.13 | $0.33 | $0.23 |
| Avg Forecast | $0.10 | $0.11 | $0.05 | $0.11 | $0.10 | $0.09 | $0.06 | $0.09 | $0.09 | $0.09 | $0.08 | $0.16 | $0.14 | $0.12 | $0.11 | $0.16 | $0.20 | $0.17 | $0.15 | $0.21 | $0.21 | $0.15 | $0.13 | $0.20 | $0.22 | $0.14 | $0.12 | $0.21 | $0.18 | $0.13 |
| High Forecast | $0.10 | $0.11 | $0.05 | $0.11 | $0.10 | $0.09 | $0.06 | $0.09 | $0.10 | $0.10 | $0.08 | $0.16 | $0.19 | $0.12 | $0.11 | $0.17 | $0.20 | $0.17 | $0.15 | $0.21 | $0.21 | $0.15 | $0.13 | $0.20 | $0.22 | $0.14 | $0.12 | $0.21 | $0.18 | $0.13 |
| Low Forecast | $0.10 | $0.11 | $0.05 | $0.11 | $0.09 | $0.09 | $0.06 | $0.09 | $0.06 | $0.09 | $0.08 | $0.16 | $0.11 | $0.12 | $0.10 | $0.16 | $0.19 | $0.17 | $0.15 | $0.21 | $0.21 | $0.15 | $0.13 | $0.20 | $0.22 | $0.14 | $0.12 | $0.21 | $0.18 | $0.13 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.37% | -0.67% | -1.87% | -0.63% | 0.37% | 1.10% | -0.33% | 1.21% | 0.10% | 3.79% | 0.66% | 4.59% | -0.62% | 1.84% | 1.79% |
According to 1 Wall Street analysts, Algonquin Power & Utilities's projected average Quarter EPS for Jun 23 is $0.11, with a low estimate of $0.10 and a high estimate of $0.11. This represents a -72.90% decrease compared to AQN previous annual EPS of $0.39 (Mar 23).
Algonquin Power & Utilities Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| FLNC | Fluence Energy | $17.04 | $26.30 | 54.34% | Buy |
| CWEN | Clearway Energy | $26.10 | $35.50 | 36.02% | Buy |
| AQN | Algonquin Power & Utilities | $4.46 | $5.88 | 31.84% | Hold |
| BEP | Brookfield Renewable Partners | $23.51 | $29.67 | 26.20% | Buy |
| ENLT | Enlight Renewable Energy | $16.37 | $20.00 | 22.17% | |
| ORA | Ormat | $71.47 | $85.00 | 18.93% | Buy |
| AMPS | Altus Power | $3.81 | $4.50 | 18.11% | Buy |
| AY | Atlantica Sustainable Infrastructure | $21.99 | $25.40 | 15.51% | Hold |
| NEP | NextEra Energy Partners, LP | $26.34 | $27.17 | 3.15% | Hold |