TD Cowen Has Lowered Expectations for Algonquin Power & Utilities (NYSE:AQN) Stock Price

Key Points

• TD Cowen lowered its price target on Algonquin Power & Utilities from $6.50 to $6.00 and kept a "hold" rating, implying about a 2.3% downside versus the current price.
• Analyst views are mixed but the consensus is a “Moderate Buy” with an average target of $6.60; some firms have higher targets (Desjardins $7.25, National Bank $7.50) while Weiss cut to a sell.
• Algonquin beat quarterly estimates (EPS $0.06 vs. $0.04 and revenue $630.7M, +7.8% YoY) and guides FY2026 EPS to 0.350–0.370 and FY2027 to 0.380–0.420, roughly in line with analysts' expectations of $0.38 for the year.

Algonquin Power & Utilities (NYSE:AQN - Get Free Report) had its target price dropped by research analysts at TD Cowen from $6.50 to $6.00 in a report issued on Monday. The firm currently has a "hold" rating on the utilities provider's stock. TD Cowen's target price would indicate a potential downside of 2.28% from the company's current price.

Several other research firms have also recently commented on AQN. Scotiabank raised Algonquin Power & Utilities from a "sector perform" rating to a "sector outperform" rating and set a $6.50 target price for the company in a research note on Tuesday, December 16th. Zacks Research raised Algonquin Power & Utilities from a "hold" rating to a "strong-buy" rating in a research note on Friday, January 23rd. Weiss Ratings cut Algonquin Power & Utilities from a "hold (c-)" rating to a "sell (d+)" rating in a report on Friday. Desjardins raised their price objective on shares of Algonquin Power & Utilities from $7.00 to $7.25 and gave the stock a "buy" rating in a research report on Thursday, February 5th. Finally, National Bank Financial set a $7.50 target price on shares of Algonquin Power & Utilities in a research report on Wednesday, January 7th. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Algonquin Power & Utilities presently has a consensus rating of "Moderate Buy" and an average target price of $6.60.

Algonquin Power & Utilities Trading Down 10.8%

NYSE:AQN opened at $6.14 on Monday. Algonquin Power & Utilities has a 52 week low of $4.29 and a 52 week high of $7.11. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.98 and a current ratio of 1.23. The firm's fifty day moving average is $6.54 and its 200-day moving average is $6.08. The firm has a market cap of $4.72 billion, a P/E ratio of 26.70 and a beta of 0.75.

Algonquin Power & Utilities (NYSE:AQN - Get Free Report) last released its earnings results on Friday, March 6th. The utilities provider reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.02. Algonquin Power & Utilities had a net margin of 7.32% and a return on equity of 5.45%. The business had revenue of $630.70 million for the quarter, compared to analyst estimates of $625.77 million. During the same quarter in the previous year, the business earned $0.06 earnings per share. Algonquin Power & Utilities's revenue for the quarter was up 7.8% on a year-over-year basis. Algonquin Power & Utilities has set its FY 2027 guidance at 0.380-0.420 EPS and its FY 2026 guidance at 0.350-0.370 EPS. Equities analysts expect that Algonquin Power & Utilities will post 0.38 earnings per share for the current year.

Institutional Trading of Algonquin Power & Utilities

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Quarry LP acquired a new position in Algonquin Power & Utilities during the 3rd quarter valued at about $29,000. Group One Trading LLC raised its stake in shares of Algonquin Power & Utilities by 63.3% in the fourth quarter. Group One Trading LLC now owns 7,479 shares of the utilities provider's stock worth $46,000 after purchasing an additional 2,900 shares during the last quarter. NewEdge Advisors LLC bought a new position in shares of Algonquin Power & Utilities in the fourth quarter valued at approximately $47,000. Fiera Capital Corp bought a new position in shares of Algonquin Power & Utilities in the third quarter valued at approximately $55,000. Finally, Vise Technologies Inc. purchased a new position in shares of Algonquin Power & Utilities during the third quarter valued at approximately $56,000. Institutional investors own 62.28% of the company's stock.

Algonquin Power & Utilities Company Profile

Algonquin Power & Utilities Corp NYSE: AQN is a diversified generation, transmission and distribution utility company headquartered in Oakville, Ontario. Established in 1988, the firm operates through two primary business segments: Regulated Utilities and Renewable Energy. Its Regulated Utilities segment comprises electric, natural gas and water distribution networks serving residential, commercial and industrial customers across North America, while its Renewable Energy portfolio includes hydroelectric, solar, wind and thermal generation facilities.

The company's renewable energy assets span multiple jurisdictions in Canada and the United States, reflecting its strategy to expand clean power capacity in regions with supportive regulatory frameworks.

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