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 $7.25 (represents a 53.28% upside from AQN’s last price of $4.73) 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 $7.25 based on 1-year price targets from 11 Wall Street analysts in the past 3 months, with a price target range of $10.50 to $5.50. This represents a potential 53.28% upside from AQN's last price of $4.73.
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% | 16.28% |
| Oct 16, 2024 | Neil Kalton | Wells Fargo | $5.50 | $5.09 | 8.06% | 16.28% |
| Aug 13, 2024 | Robert Hope | Scotiabank | $5.75 | $5.17 | 11.33% | 21.56% |
| Aug 12, 2024 | Rupert Merer | National Bank | $6.75 | $5.15 | 31.07% | 42.71% |
| Aug 12, 2024 | Neil Kalton | Wells Fargo | $6.00 | $5.41 | 10.91% | 26.85% |
| May 29, 2024 | Neil Kalton | Wells Fargo | $8.50 | $6.38 | 33.23% | 79.70% |
| Mar 11, 2024 | Brent Stadler | Desjardins | $5.75 | $6.42 | -10.44% | 21.56% |
| Jan 08, 2024 | Ben Pham | BMO Capital | $7.50 | $6.51 | 15.21% | 58.56% |
| Jan 13, 2023 | - | BMO Capital | $7.50 | $7.14 | 5.04% | 58.56% |
| Jan 13, 2023 | - | Credit Suisse | $10.50 | $7.14 | 47.06% | 121.99% |
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 16.28% increase from AQN last price ($4.73).
Algonquin Power & Utilities Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 2 | 2 | 8 |
| Avg Price Target | $5.50 | $5.50 | $6.41 |
| Last Closing Price | $4.73 | $4.73 | $4.73 |
| Upside/Downside | 16.28% | 16.28% | 35.52% |
In the current month, the average price target of Algonquin Power & Utilities stock is $5.50, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a 16.28% increase as opposed to Algonquin Power & Utilities's last price of $4.73. This month's average price target is down 0.00% compared to last quarter, and down -14.20% 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 |
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 | $642.37M | $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 | $660.72M | $641.23M | $583.78M | $734.59M | $642.26M | $623.79M | $568.39M | $716.13M | $672.91M | $621.97M | $635.95M | $813.38M | $688.44M | $635.23M | $627.72M | $752.64M | $703.47M | $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 | $627.28M | $608.77M | $554.22M | $697.41M | $609.74M | $592.21M | $539.61M | $679.87M | $611.83M | $618.96M | $635.95M | $813.38M | $635.01M | $611.90M | $595.94M | $714.53M | $667.85M | $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 | 2 | 1 | 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 $595.94M, and a high forecast of $627.72M. 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 | 2 | 1 | 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 | $267.00M | $259.12M | $235.91M | $296.85M | $259.54M | $252.07M | $229.69M | $289.39M | $266.32M | $257.24M | $263.66M | $319.93M | $274.35M | $258.53M | $253.66M | $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 | $273.93M | $265.85M | $242.03M | $304.56M | $266.28M | $258.62M | $235.65M | $296.90M | $278.99M | $257.87M | $263.66M | $383.92M | $285.42M | $263.36M | $260.25M | $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 | $260.07M | $252.39M | $229.78M | $289.14M | $252.80M | $245.53M | $223.72M | $281.87M | $253.66M | $256.62M | $263.66M | $255.95M | $263.27M | $253.69M | $247.07M | $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 $253.66M, with a high of $260.25M and a low of $247.07M. This is -16.19% 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 | 2 | 1 | 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 | $70.40M | $77.43M | $35.20M | $77.43M | $66.88M | $63.36M | $42.24M | $63.36M | $60.28M | $64.14M | $56.04M | $104.56M | $99.80M | $85.19M | $74.40M | $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 | $72.77M | $80.05M | $36.39M | $80.05M | $69.13M | $65.49M | $43.66M | $65.49M | $67.82M | $67.62M | $56.18M | $125.48M | $135.44M | $86.59M | $76.91M | $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 | $68.02M | $74.82M | $34.01M | $74.82M | $64.62M | $61.22M | $40.81M | $61.22M | $45.21M | $60.66M | $55.90M | $83.65M | $78.41M | $83.78M | $71.89M | $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 $74.40M, with a range of $71.89M to $76.91M. AQN's average Quarter net income forecast represents a -72.46% 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 | 2 | 1 | 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 | $26.69M | $25.90M | $23.58M | $29.67M | $25.94M | $25.20M | $22.96M | $28.93M | $26.62M | $25.71M | $26.36M | $23.02M | $27.42M | $25.84M | $25.36M | $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 | $27.38M | $26.57M | $24.19M | $30.44M | $26.62M | $25.85M | $23.56M | $29.68M | $27.89M | $25.78M | $26.36M | $27.63M | $28.53M | $26.33M | $26.01M | $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 | $26.00M | $25.23M | $22.97M | $28.90M | $25.27M | $24.54M | $22.36M | $28.18M | $25.36M | $25.65M | $26.36M | $18.42M | $26.32M | $25.36M | $24.70M | $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 $25.36M, based on 1 Wall Street analysts, with a range of $24.70M to $26.01M. The forecast indicates a 11.24% 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 | 2 | 1 | 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 |
|---|---|---|---|---|---|
| AMPS | Altus Power | $3.95 | $7.83 | 98.23% | Buy |
| NEP | NextEra Energy Partners, LP | $26.34 | $46.00 | 74.64% | Hold |
| AQN | Algonquin Power & Utilities | $4.73 | $7.25 | 53.28% | Hold |
| BEP | Brookfield Renewable Partners | $25.29 | $35.33 | 39.70% | Buy |
| FLNC | Fluence Energy | $20.22 | $26.61 | 31.60% | Buy |
| CWEN | Clearway Energy | $26.95 | $35.00 | 29.87% | Buy |
| ENLT | Enlight Renewable Energy | $15.90 | $20.00 | 25.79% | - |
| AY | Atlantica Sustainable Infrastructure | $22.10 | $25.40 | 14.93% | Hold |
| ORA | Ormat | $79.22 | $85.00 | 7.30% | Buy |