Algonquin Power & Utilities (TSE:AQN) Shares Cross Above 200 Day Moving Average - What's Next?

Key Points

• Algonquin Power & Utilities crossed above its 200‑day moving average (200‑day MA C$8.47), trading as high as C$8.70 and last at C$8.60 on volume of 3,705,706 shares.
• Analysts have a consensus rating of "Buy" with an average target of C$6.38, though recent notes are mixed—TD cut its target to C$6.00 (hold) while several firms upgraded the stock to strong‑buy or moderate‑buy.
• The company reported C$0.08 EPS and C$829.9M revenue for the quarter and has a C$6.61B market cap, but shows a negative P/E (-286.67) and a very high debt‑to‑equity ratio (140.99), highlighting leverage risks.

Algonquin Power & Utilities Corp. (TSE:AQN - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$8.47 and traded as high as C$8.70. Algonquin Power & Utilities shares last traded at C$8.60, with a volume of 3,705,706 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on AQN shares. TD Securities dropped their price objective on shares of Algonquin Power & Utilities from C$6.50 to C$6.00 and set a "hold" rating on the stock in a research note on Monday, March 9th. Raymond James Financial raised Algonquin Power & Utilities from a "hold" rating to a "moderate buy" rating in a report on Monday, March 9th. National Bank Financial upgraded Algonquin Power & Utilities from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 6th. Finally, Scotiabank raised Algonquin Power & Utilities from a "hold" rating to a "strong-buy" rating in a report on Tuesday, December 16th. Three investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of C$6.38.

Algonquin Power & Utilities Trading Up 0.4%

The stock has a market capitalization of C$6.61 billion, a P/E ratio of -286.67, a price-to-earnings-growth ratio of 1.07 and a beta of 1.20. The business has a 50 day simple moving average of C$8.98 and a 200-day simple moving average of C$8.47. The company has a debt-to-equity ratio of 140.99, a quick ratio of 0.37 and a current ratio of 1.00.

Algonquin Power & Utilities (TSE:AQN - Get Free Report) last posted its quarterly earnings data on Friday, March 6th. The company reported C$0.08 EPS for the quarter. The company had revenue of C$829.86 million for the quarter. Algonquin Power & Utilities had a return on equity of 3.88% and a net margin of 7.42%. On average, analysts predict that Algonquin Power & Utilities Corp. will post 0.4650555 EPS for the current year.

About Algonquin Power & Utilities

Algonquin Power & Utilities Corp, a parent company of Liberty, is a diversified international generation, transmission, and distribution utility with over $16 billion of total assets. Through its two business groups, the Regulated Services Group and the Renewable Energy Group, AQN is committed to providing safe, secure, reliable, cost-effective, and sustainable energy and water solutions through its portfolio of electric generation, transmission, and distribution utility investments to over one million customer connections, largely in the United States and Canada.

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