tiprankstipranks
Trending News
More News >

Algonquin Power & Utilities Corp. Elects Board and Approves Key Resolutions at Annual Meeting

Story Highlights
Algonquin Power & Utilities Corp. Elects Board and Approves Key Resolutions at Annual Meeting

Confident Investing Starts Here:

The latest update is out from Algonquin Power & Utilities ( (TSE:AQN) ).

Algonquin Power & Utilities Corp. held its annual meeting of shareholders where 11 directors were elected, and key resolutions were approved, including the re-appointment of Ernst & Young LLP as auditor and the continuation of the Shareholder Rights Plan. These decisions reflect the company’s ongoing commitment to strong governance and strategic direction, impacting its operational stability and stakeholder confidence.

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., the parent company of Liberty, is a diversified international utility company that focuses on generation, transmission, and distribution of energy and water solutions. It serves over one million customer connections primarily in the United States and Canada, emphasizing safe, secure, reliable, cost-effective, and sustainable services.

Average Trading Volume: 2,368,173

Technical Sentiment Signal: Hold

Current Market Cap: C$5.65B

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

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App