Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Algonquin Power & Utilities ( (TSE:AQN) ) has shared an announcement.
Algonquin Power & Utilities Corp. has appointed industry veteran Peter Norgeot as Chief Operating Officer, tasking him with overseeing the company’s regulated electric, gas and water utility operations, capital execution and enterprise-wide operational excellence initiatives. The move signals a sharpening focus on operational execution, safety, system reliability and disciplined capital deployment, as Algonquin seeks to leverage Norgeot’s three decades of experience at Entergy in leading large-scale, multi-jurisdictional utility operations and multi‑billion‑dollar customer-centric capital programs to strengthen performance consistency, risk management and long-term value creation for customers and shareholders.
The most recent analyst rating on (TSE:AQN) stock is a Buy 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, including declining revenues and high leverage, which weigh heavily on its overall score. The earnings call provided some optimism with strong financial performance and regulatory progress, but ongoing restructuring costs and customer service issues remain concerns. Technical indicators suggest a neutral trend, while the valuation is impacted by negative earnings but supported by a decent dividend yield.
To see Spark’s full report on TSE:AQN stock, click here.
More about Algonquin Power & Utilities
Algonquin Power & Utilities Corp., parent company of Liberty, is a diversified international generation, transmission, and distribution utility providing energy and water solutions to more than one million customer connections, largely in the United States and Canada. The company focuses on delivering safe, secure, reliable, cost-effective and sustainable electricity, gas and water services through a portfolio of regulated utility and infrastructure investments, and its securities trade on both the Toronto and New York stock exchanges.
YTD Price Performance: -0.24%
Average Trading Volume: 2,319,248
Technical Sentiment Signal: Buy
Current Market Cap: C$6.47B
For detailed information about AQN stock, go to TipRanks’ Stock Analysis page.