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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
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