AQN
Algonquin Power & Utilities Corp.

Algonquin Power & Utilities Corp.AQN

Utilities · Utilities - Diversified
5.02USD
-0.79%
Sep 25, 2026
AQN overview ready
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.
Narrative not measured
No Clear Current Investable NarrativeRegulated Utility Operations and Portfolio SimplificationRegulated utility owner and operator.
Price trend is broken
Longer-term context reads damaged structure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
Demanding valuation
The price embeds expectations that run ahead of the cash the business currently produces.
Mixed fundamentals
Ev / ebitda is strong, while free cash flow yield is weak.
Primary risk
Regulatory changes impacting allowed rates and returns.
Market Sep 24Price action Sep 24Research Jul 16

Conviction Level

Theme Heat has no canonical measurement for this company — a research-profile dimension, not an input to this score.

NarrativeHeat—ThemeHeat—PriceAction3.4Valuation0.3CompanyPosition7.3
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads damaged structure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
EntryWeak / unconfirmed recovery

The daily chart may be improving, but the weekly fast averages have not been reclaimed — the recovery is not yet confirmed on the higher timeframe.

Key Financials

Market Cap
$4.1B
Avg Volume (60D)
4.1M
60 sessions
Revenue Growth YoY
+6.9%
Trailing twelve months
Gross Margin
+36.9%
Operating Margin
+19.9%
Trailing twelve months
Free Cash Flow Yield
-2.0%
Distance from 200DMA
-16.4%
Next Earnings
2026-11-06
P/E
29.7x
EV / EBITDA
11.0x
EV / Sales
4.1x
Market metrics as of Sep 24, 2026

Fundamentals & Valuation

One of the two valuation perspectives says expensive; peers is the dissenting view.
Algonquin Power & Utilities Corp. has an Expensive valuation stance because the price embeds expectations that run ahead of the cash the business currently produces. It trades at 11.0x EBITDA and 4.1x revenue, which require sustained delivery to be justified.

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 changes impacting allowed rates and returns.

Narrative & Theme

No Clear Current Investable Narrative
Part of Regulated Utility Operations and Portfolio Simplification.
Differentiated exposure to the active AI/data-center grid-expansion themes to justify an adjacent match.
Narrative HeatUnavailable
Theme HeatUnavailable

Business & Markets

Utilities · Utilities - Diversified
What they do

Algonquin Power & Utilities Corp. owns and operates a portfolio of regulated electric, water distribution and wastewater collection, and natural gas utility systems and transmission operations across the United States, Canada, Bermuda, and Chile.

How it earns

The company generates revenue primarily through regulated utility services provided to customers within its service territories.

Products & services
Regulated electric distribution
Water distribution and wastewater collection
Natural gas utility systems
Transmission operations
Customers & end markets
Residential customers
Commercial customers
Municipal and industrial customers
Market position

Algonquin is a diversified utility operator with a broad geographic footprint, positioning it as a mid-tier player in regulated utilities.

Demand drivers
Low cyclicality

Utility services are essential and regulated, resulting in stable demand and revenue streams.