moneyheap
AQN · Analysis updated Nov 10, 2026, 6:00 PM ET
Why is Algonquin Power & Utilities Corp. (AQN) stock moving?
Q3 2026 results (Nov 6) were mixed. Adjusted EPS of $0.11 beat the $0.10 estimate, and GAAP net earnings attributable to common shareholders rose to $57.0M from $36.2M a year earlier. Revenue of $642.5M missed the $649.4M estimate, and nine-month earnings fell to $141.6M from $151.9M. Management affirmed FY2026 adjusted EPS guidance of $0.35-$0.37 (vs $0.36 est) and FY2027 guidance of $0.38-$0.42 (vs $0.41 est), so the outlook is steady rather than raised. The completed sale of the ~64% Suralis stake in Chile (Oct 30) simplifies the portfolio, and a $0.065 quarterly dividend was declared. Analyst sentiment is cautious: JPMorgan and CIBC both kept Neutral ratings while cutting targets (CIBC to $5.75 on Oct 28), and another firm lowered its target to $6.50 on Nov 9. Price action shows the stock at $5.64 on Nov 10, up about 3.5% from $5.45 on Oct 22 and inside a 30-day range of $5.29-$5.71. Volume on Nov 6 was about 13.2M shares, roughly 3.5x the typical daily level, but the stock closed 2.1% lower that day before recovering to $5.66 on Nov 9. The $5.70 area acts as resistance and $5.40-$5.45 as support.
News behind the analysis
- Algonquin Power & Utilities Corp. Price Target Cut to $6.50An analyst firm lowered its price target for Algonquin to $6.50 per share, still above the Nov 10 close of $5.64.
- Conference call: Algonquin Power Affirms FY2026 Adj EPS Guidance of $0.35-$0.37 vs $0.36 EstManagement kept its FY2026 adjusted EPS guidance at $0.35-$0.37, bracketing the $0.36 consensus estimate.
- Conference call: Algonquin Power Affirms FY2027 Adj EPS Guidance of $0.38-$0.42 vs $0.41 EstManagement affirmed FY2027 adjusted EPS guidance of $0.38-$0.42, with the midpoint slightly below the $0.41 consensus.
- Algonquin Power & Utilities Corp. Reports Third Quarter 2026 Financial ResultsAlgonquin reported Q3 2026 net earnings of $57.6 million. Net earnings attributable to common shareholders were $57.0M, up from $36.2M a year earlier, per the filed statements.
- Algonquin Power Q3 Adj. EPS $0.11 Beats $0.10 Estimate, Sales $642.500M Miss $649.400M EstimateQ3 adjusted EPS of $0.11 beat the $0.10 estimate, while revenue of $642.5M missed the $649.4M estimate.
- Algonquin Power & Utilities Declares Quarterly DividendAlgonquin declared a quarterly dividend of $0.065 per share, signalling the payout was kept in place after results.
- Algonquin Power & Utilities Corp. Completes Sale of Ownership Stake in Chilean UtilityAlgonquin finalized the sale of its roughly 64% interest in Chilean water utility Suralis S.A. to a fund managed by Toesca S.A. Administradora General de Fondos.
- CIBC Maintains Neutral on Algonquin Power, Lowers Price Target to $5.75CIBC kept a Neutral rating on Algonquin and cut its price target to $5.75, close to the current share price.
- JPMorgan Maintains Neutral Rating on Algonquin Power & Utilities Corp., Lowers Price TargetJPMorgan kept its Neutral rating on Algonquin and lowered its price target to 9 CAD.
About Algonquin Power & Utilities Corp
Algonquin Power & Utilities is a Canadian-based utility holding company, headquartered in Oakville, Ontario, that runs its utilities under the Liberty brand. It serves over one million customer connections, mostly in the US and Canada. It has sold its renewable-energy business and, in October 2026, its stake in a Chilean utility, as part of a 'Back to Basics' plan to become a pure-play regulated utility.
How it makes money
Most of its revenue comes from regulated electric, natural gas and water utilities in US states such as Missouri, California, Arizona and Massachusetts. In these markets, state regulators set the rates customers pay, which lets the company earn an allowed return on the money it invests in its networks. A smaller share comes from the electricity generation and transmission assets it still owns. The company reports in US dollars and pays a quarterly dividend, currently about US$0.065 per share.
What usually moves AQN
- Outcomes of state rate cases
- Interest rates and borrowing costs
- Debt reduction and asset sales
- Dividend sustainability
- Weather and customer demand