AQN
Algonquin Power & Utilities Corp.

Algonquin Power & Utilities Corp.AQN

Utilities · Utilities - Diversified
5.52USD
-2.13%
Nov 09, 2026
AQN overview ready
Regulated Utility Services Provider Delivering Essential Energy and Water to North America
Regulated utility owner and operator. Its Liberty Utilities business earns regulated returns from operating and investing in local electric, gas, water, and wastewater systems; AQN has been simplifying following the disposition of its renewable-energy business.
Primary theme is lagging
Power / Grid is lagging (-16.9pp vs SPY over 21 sessions; 8 of 32 members ahead of SPY).
An early price trend
Longer-term context reads early recovery, with a near-term setup of reclaim attempt.
Fair valuation
The price broadly reflects how its multiples compare with businesses of the same kind, with upside and risk reasonably balanced.
Mixed fundamentals
Ev / ebitda is strong, while free cash flow yield is weak.
Primary risk
Regulatory risk affecting allowed returns.
Market Nov 6Price action Nov 8Research Jul 16

Conviction Level

PriceAction9.4BusinessPerformance—BusinessQuality—Valuation5.9ThemeMomentum1.0Business Performance not yet available.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
Power / GridLagging
vs SPY
−16.9pp
Theme return
−21.9%
Beating SPY
8 of 32
21 sessions to Nov 6, 2026 · Theme Leadership V2
Price
Loading price history…

Price Action

An early price trend
Longer-term context reads early recovery, with a near-term setup of reclaim attempt.
EntryReset + recovery

The stock is still rebuilding below its long-term weekly base, and the recent reset toward the daily SMA200 aligned with support at the weekly EMA21. Daily structure is recovering above the fast averages, improving the current entry location.

Key Financials

Market Cap
$4.4B
Avg Volume (60D)
4.5M
60 sessions
Revenue Growth YoY
+8.6%
Trailing twelve months
Gross Margin
+37.2%
Operating Margin
+19.8%
Trailing twelve months
Free Cash Flow Yield
-4.0%
Distance from 200DMA
-5.0%
P/E
26.3x
EV / EBITDA
11.1x
EV / Sales
4.2x
Market metrics as of Nov 8, 2026

Business Performance

Business Quality

Not assessed

Not assessed — the company files under a regime the financial record does not cover yet.

Fundamentals & Valuation

Only one valuation perspective could be built for this company, and it reads fair.
Algonquin Power & Utilities Corp. has a Fair valuation stance because the price broadly reflects how its multiples compare with businesses of the same kind, with upside and risk reasonably balanced.

Company Research

Thesis
Regulated utility owner and operator. Its Liberty Utilities business earns regulated returns from operating and investing in local electric, gas, water, and wastewater systems; AQN has been simplifying following the disposition of its renewable-energy business.
Key risk
Regulatory risk affecting allowed returns.

Economic classification

Loading the economic classification…

Business & Markets

Utilities · Utilities - Diversified
What they do

Algonquin Power & Utilities Corp. owns and operates regulated electric, natural gas, water, and wastewater utility systems primarily in the U.S., Canada, Bermuda, and Chile, focusing on regulated utility operations and portfolio simplification.

How it earns

The company generates revenue primarily through regulated utility rates charged to customers for electric, gas, water, and wastewater services.

Products & services
Regulated electric utility services
Regulated natural gas utility services
Regulated water distribution
Regulated wastewater collection
Customers & end markets
Residential utility customers
Commercial utility customers
Municipal and local government entities
Market position

A regulated utility operator with a diversified portfolio across multiple North American and select international markets.

Demand drivers
Low cyclicality

Revenues are largely stable and regulated, insulated from economic cycles due to regulated utility rate structures.