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Algonquin Power & Utilities Completes Sale of Renewable Energy Business

Story Highlights
  • Algonquin Power & Utilities completed the sale of its non-regulated renewable energy business on January 9, 2025.
  • The company emphasizes ethical practices and compliance with labor laws in its operations.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Algonquin Power & Utilities Completes Sale of Renewable Energy Business

Confident Investing Starts Here:

Algonquin Power & Utilities ( (TSE:AQN) ) has shared an announcement.

On January 9, 2025, Algonquin Power & Utilities Corp. completed the sale of its non-regulated renewable energy business, excluding its hydro fleet. This move aligns with the company’s commitment to ethical practices and compliance with the Fighting Against Forced Labour and Child Labour in Supply Chains Act. AQN’s policies emphasize human rights, ethical conduct, and sustainable supply chain practices, reflecting its dedication to mitigating risks associated with forced and child labor in its operations.

The most recent analyst rating on (TSE:AQN) stock is a Hold with a C$7.00 price target. To see the full list of analyst forecasts on Algonquin Power & Utilities stock, see the TSE:AQN Stock Forecast page.

Spark’s Take on TSE:AQN Stock

According to Spark, TipRanks’ AI Analyst, TSE:AQN is a Neutral.

Algonquin Power & Utilities faces significant financial challenges, notably net losses and high debt levels, which impact the overall score. However, operational efficiencies and strategic rate increases offer some positive outlook. The stock shows stable technical momentum, though valuation remains a concern with a negative P/E ratio. The positive earnings call and strong dividend yield provide some support, but risks from ongoing investigations and customer service issues weigh on the overall assessment.

To see Spark’s full report on TSE:AQN stock, click here.

More about Algonquin Power & Utilities

Algonquin Power & Utilities Corp. (AQN) is a diversified international utility company focused on generation, transmission, and distribution of energy and water solutions. With approximately $18 billion in assets, AQN serves over one million customer connections primarily in the United States and Canada. The company operates regulated electric, water distribution, wastewater collection, and natural gas utility systems across the United States, Canada, Bermuda, and Chile.

Average Trading Volume: 2,475,368

Technical Sentiment Signal: Hold

Current Market Cap: C$6B

Find detailed analytics on AQN stock on TipRanks’ Stock Analysis page.

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