Algonquin Power & Utilities Cor with ticker code (AQN) have now 8 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The range between the high target price and low target price is between 13 and 9 and has a mean target at 11.36. Given that the stocks previous close was at 7.27 this is indicating there is a potential upside of 56.3%. The 50 day MA is 9.13 and the 200 day MA is 12.85. The market capitalisation for the company is $4,709m. Company Website: https://algonquinpower.com
The potential market cap would be $7,358m based on the market concensus.
Algonquin Power & Utilities Corp., through its subsidiaries, owns and operates a portfolio of regulated and non-regulated generation, distribution, and transmission utility assets. The company operates through two segments, Regulated Services Group and Renewable Energy Group. The Regulated Services Group segment operates a portfolio of rate-regulated utilities located in the United States, Canada, Chile, and Bermuda. Its utilities provide distribution services to approximately 1,093,000 customer connections in the electric, natural gas, and water and wastewater sectors The Renewable Energy Group segment generates and sells electrical energy, capacity, ancillary products, and renewable attributes produced by its portfolio of renewable and clean power generation facilities primarily in the United States and Canada. It owns and operates hydroelectric, wind, solar, and thermal facilities; and owns and operates a portfolio of clean energy and water infrastructure assets. The company was incorporated in 1988 and is headquartered in Oakville, Canada.
