National Bank downgraded Algonquin Power (AQN) to Sector Perform from Outperform with an unchanged $6.75 price target The company’s investor update provided visibility on three-year earnings reset, with earnings growth being driven largely by operating cost discipline and completion of rate cases, though with the stock up 40% this year and 16% today, a neutral stance is warranted, the analyst tells investors in a research note.
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Read More on AQN:
- Algonquin Power & Utilities Corp. Elects Board and Approves Key Resolutions at Annual Meeting
- Algonquin Power & Utilities Unveils ‘Back to Basics’ Plan with Promising Financial Outlook
- Algonquin Power sees 2025 non-GAAP EPS 30c-32c, consensus 30c
- Algonquin Power sees 2026 non-GAAP EPS 35c-37c, consensus 36c
- Algonquin Power & Utilities Completes Sale of Renewable Energy Business
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