Algonquin Power & Utilities Corp., through its subsidiaries, owns and operates a portfolio of regulated and non-regulated generation, distribution, and transmission utility assets in Canada, the United States, Chile, and Bermuda. It generates and sells electrical energy through non-regulated renewable and clean energy power generation facilities. The company also owns and operates hydroelectric, wind, solar, and thermal facilities with generating capacity of approximately 2.1 gigawatt; and regulated electric, natural gas, water distribution, and wastewater collection utility systems. It serves approximately 306,000 electric connections; 371,000 natural gas connections; and 409,000 regulated water distribution and wastewater collection utility systems in the states of California, New Hampshire, Missouri, Kansas, Oklahoma, Arkansas, Georgia, Illinois, Iowa, Massachusetts, New York, Arizona, Texas, and the Province of New Brunswick. The company was incorporated in 1988 and is headquartered in Oakville, Canada.
IPO Year: 2016
Exchange: NYSE
Website: algonquinpower.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/12/2024 | $7.00 | Neutral | Analyst |
| 9/5/2024 | Neutral | Janney | |
| 8/12/2024 | Outperform → Mkt Perform | Raymond James | |
| 8/12/2024 | $8.50 → $6.00 | Overweight → Equal Weight | Wells Fargo |
| 3/11/2024 | Sell → Hold | Desjardins | |
| 1/8/2024 | $7.00 → $7.50 | Market Perform → Outperform | BMO Capital Markets |
| 4/18/2023 | $9.00 → $8.50 | Buy → Neutral | BofA Securities |
| 4/17/2023 | $17.00 → $10.00 | Sector Outperform → Neutral | CIBC |
| 2/16/2023 | $7.00 → $9.00 | Underperform → Buy | BofA Securities |
| 1/13/2023 | Hold → Sell | Desjardins |
Algonquin Power & Utilities Corp. ("AQN") (TSX:AQN, AQN.PR.A, AQN.PR.D, NYSE:AQN) announced today that its board of directors has approved and declared the following common and preferred share dividends: US$0.0650 per common share, payable on July 15, 2025, to the shareholders of record on June 30, 2025, for the period from April 1, 2025 to June 30, 2025. Registered shareholders can elect to receive the dividend in Canadian dollars in the amount of C$0.0897. C$0.41100 per preferred share, Series A, payable in cash on June 30, 2025 to preferred share, Series A holders of record on June 13, 2025, for the period from March 31, 2025 to, but excluding, June 30, 2025. C$0.42831 per preferre
Algonquin Power & Utilities Corp. (TSX/NYSE:AQN) ("AQN" or the "Company") announced today financial results for the first quarter ended March 31, 2025. All amounts are shown in United States dollars ("U.S. $" or "$"), unless otherwise noted. "The Company recorded a constructive first quarter of 2025 with notable year-over-year improvements in our key financial metrics. Our results were solid, reflecting the strength of our core regulated utility operations, even when accounting for one-time items that contributed positive tailwinds," said Rod West, Chief Executive Officer of AQN. "Since stepping into the role in early March, I have quickly gotten up to speed and I am encouraged by the oppo
Algonquin Power & Utilities Corp. (TSX/NYSE:AQN) ("AQN") today announced plans to release its first quarter 2025 financial results on Friday, May 9, 2025, before market open. AQN will hold an earnings conference call at 8:30 a.m. eastern time on Friday, May 9, 2025, hosted by Chief Executive Officer, Rod West, and Interim Chief Financial Officer and Vice President of Investor Relations, Brian Chin. Conference call details are as follows: Date: Friday, May 9, 2025 Time: 8:30 a.m. ET Conference Call: Toll Free Dial-In Number 1 (800) 715-9871 Toll Dial-In Number 1 (647) 932-3411 Conference ID 4990414 Webcast: https://edge.
Appoints New CEO Rod West and Starboard Senior Partner Gavin Molinelli to the Board Extends Cooperation Agreement With Starboard Algonquin Power & Utilities Corp. (TSX/NYSE:AQN) ("AQN", "Algonquin" or the "Company") announced today that its Board of Directors (the "Board") has appointed CEO Rod West to the Board. The Board also intends to appoint Gavin Molinelli, Senior Partner and Portfolio Manager at Starboard Value LP (together with certain of its affiliates, "Starboard") to the Board, subject to approval by the Federal Energy Regulatory Commission. Mr. Molinelli's appointment will become effective immediately following the receipt of such approval. Following the appointments of Mr. We
Algonquin Power & Utilities Corp. (TSX/NYSE:AQN) ("AQN", "Algonquin" or the "Company") announced today financial results for the fourth quarter and full year ended December 31, 2024. All amounts are shown in United States dollars ("U.S. $" or "$"), unless otherwise noted. "The Company continued to make strides in its transition to a pure-play utility. Over the last 90 days, we successfully completed our Renewables and Atlantica sales, and we enter 2025 with a recapitalized balance sheet and significant opportunity for improvement," said Chris Huskilson, Chief Executive Officer of AQN. "It has been a privilege to lead Algonquin during this momentous period of transformation, and I look forw
Algonquin Power & Utilities Corp. ("AQN") (TSX:AQN, AQN.PR.A, AQN.PR.D, NYSE:AQN) announced today that its board of directors has approved and declared the following common and preferred share dividends: US$0.0650 per common share, payable on April 15, 2025, to the shareholders of record on March 31, 2025, for the period from January 1, 2025 to March 31, 2025. Registered shareholders can elect to receive the dividend in Canadian dollars in the amount of C$0.0934. C$0.41100 per preferred share, Series A, payable in cash on March 31, 2025 to preferred share, Series A holders of record on March 14, 2025, for the period from December 31, 2024 to, but excluding, March 31, 2025. C$0.42831 p
Brian Chin named Interim CFO Algonquin Power & Utilities Corp. (TSX/NYSE:AQN) ("AQN", "Algonquin" or the "Company") Chief Executive Officer Chris Huskilson announced today that Vice President of Investor Relations Brian Chin will assume the role of Interim Chief Financial Officer, effective March 7, 2025. The announcement follows an earlier announcement of the pending departure of current Chief Financial Officer, Darren Myers, who is leaving to pursue another opportunity. Algonquin has engaged a nationally recognized search firm to commence a search to identify a permanent Chief Financial Officer. "I am pleased Brian has agreed to take on the role of Interim Chief Financial Officer in
Rod West appointed Chief Executive Officer, succeeding Chris Huskilson Algonquin Power & Utilities Corp. (TSX/NYSE:AQN) ("AQN", "Algonquin" or the "Company") announced today that Rod West will join AQN as Chief Executive Officer, effective March 7, 2025. Chris Huskilson will step down as CEO and will continue in his role as a member of the Board. Mr. West most recently served as Group President, Utility Operations for Entergy, where he was responsible for the operational and financial performance of Entergy's five operating companies. During his 25 years at Entergy, Mr. West oversaw electric and natural gas distribution, customer service operations, the utility's engagement with federal
Algonquin Power & Utilities Corp. (TSX/NYSE:AQN) ("AQN") today announced plans to release its fourth quarter and full year 2024 financial results on Friday, March 7, 2025, before market open. AQN will hold an earnings conference call at 8:30 a.m. eastern time on Friday, March 7, 2025, hosted by Chief Executive Officer, Chris Huskilson, and Chief Financial Officer, Darren Myers. Conference call details are as follows: Date: Friday, March 7, 2025 Time: 8:30 a.m. ET Conference Call: Toll Free Dial-In Number 1 (800) 715-9871 Toll Dial-In Number 1 (647) 932-3411 Conference ID 4528692 Webcast:
Gregory Craig to retire after a 31-year career at CTC Darren Myers to join effective April 1st TORONTO, Jan. 20, 2025 /CNW/ - Canadian Tire Corporation ("the Company"; "CTC") (TSX:CTC) (TSX:CTC) today announced that Darren Myers will join the Company as Executive Vice President and Chief Financial Officer (EVP and CFO), effective April 1st, on the retirement of Gregory Craig. The Company's CFO search followed Mr. Craig's decision to retire after a 31-year career at CTC in which he made notable contributions, both through his career at Canadian Tire Financial Services and in h
Appoints New CEO Rod West and Starboard Senior Partner Gavin Molinelli to the Board Extends Cooperation Agreement With Starboard Algonquin Power & Utilities Corp. (TSX/NYSE:AQN) ("AQN", "Algonquin" or the "Company") announced today that its Board of Directors (the "Board") has appointed CEO Rod West to the Board. The Board also intends to appoint Gavin Molinelli, Senior Partner and Portfolio Manager at Starboard Value LP (together with certain of its affiliates, "Starboard") to the Board, subject to approval by the Federal Energy Regulatory Commission. Mr. Molinelli's appointment will become effective immediately following the receipt of such approval. Following the appointments of Mr. We
Rod West appointed Chief Executive Officer, succeeding Chris Huskilson Algonquin Power & Utilities Corp. (TSX/NYSE:AQN) ("AQN", "Algonquin" or the "Company") announced today that Rod West will join AQN as Chief Executive Officer, effective March 7, 2025. Chris Huskilson will step down as CEO and will continue in his role as a member of the Board. Mr. West most recently served as Group President, Utility Operations for Entergy, where he was responsible for the operational and financial performance of Entergy's five operating companies. During his 25 years at Entergy, Mr. West oversaw electric and natural gas distribution, customer service operations, the utility's engagement with federal
Gregory Craig to retire after a 31-year career at CTC Darren Myers to join effective April 1st TORONTO, Jan. 20, 2025 /CNW/ - Canadian Tire Corporation ("the Company"; "CTC") (TSX:CTC) (TSX:CTC) today announced that Darren Myers will join the Company as Executive Vice President and Chief Financial Officer (EVP and CFO), effective April 1st, on the retirement of Gregory Craig. The Company's CFO search followed Mr. Craig's decision to retire after a 31-year career at CTC in which he made notable contributions, both through his career at Canadian Tire Financial Services and in h
OAKVILLE, ON, June 4, 2024 /PRNewswire/ - Algonquin Power & Utilities Corp. ("AQN" or the "Company") (TSX:AQN) (NYSE:AQN) today held an annual meeting of common shareholders. At the meeting, each of the following nine nominees listed in the Company's management information circular dated April 18, 2024 were elected as directors of AQN pursuant to a vote by ballot: Nominee Votes For % For Votes Against % Against Melissa Stapleton Barnes 330,041,306 97.05 % 10,016,318 2.95 % Brett Carter 337,316,968 99.19 % 2,740,656 0.81 % Amee Chande 334,451,144 98.39 % 5,473,034 1.61 % Danie
Starboard Value LP (together with its affiliates, "Starboard" or "we") is the largest shareholder of Algonquin Power & Utilities Corp. (NYSE:AQN) (TSE: AQN) ("Algonquin" or the "Company") with an ownership stake of approximately 9.0%. Today, Starboard announced that it has nominated three highly qualified candidates (the "Starboard Nominees") for election to the Company's Board of Directors (the "Board") at the 2024 Annual General Meeting of Shareholders (the "Annual Meeting"), which has been scheduled for June 4, 2024. The Starboard Nominees are Brett Carter, Chris Lopez and Rob Schriesheim. In connection with its nominations, Starboard sent the below letter to the members of the Board.
Private equity veteran David Levenson joins Board of Directors OAKVILLE, ON, Feb. 2, 2024 /PRNewswire/ - Algonquin Power & Utilities Corp. ("AQN" or the "Company") (TSX:AQN) (NYSE:AQN) today announced its Board of Directors (the "Board") has appointed David Levenson, formerly Managing Partner at Brookfield Asset Management, to the Board, effective immediately. Following Mr. Levenson's appointment, the Board is comprised of nine directors, eight of whom are independent for the purposes of Canadian securities laws and New York Stock Exchange corporate governance standards. "We w
OAKVILLE, ON, June 20, 2023 /PRNewswire/ - Algonquin Power & Utilities Corp. ("AQN" or the "Company") (TSX:AQN) (NYSE:AQN) today held an annual meeting of common shareholders. At the meeting, all of the nominees listed in the Company's management information circular dated April 27, 2023 were elected as directors of AQN until the next annual meeting of shareholders. On a vote by ballot, each of the following nine nominees proposed by management was elected as a director of AQN. The results of the ballot were as follows: Nominee Votes For % For Votes Against % Against Arun Bans
OAKVILLE, ON, June 2, 2022 /PRNewswire/ - Algonquin Power & Utilities Corp. ("AQN" or the "Company") (TSX:AQN) (NYSE:AQN) today held a virtual annual meeting of common shareholders. At the meeting, all of the nominees listed in the Company's management information circular dated April 14, 2022 were elected as directors of AQN until the next annual meeting of shareholders. Those elected include new nominee Amee Chande, who brings significant experience to the Company's board given her background as a corporate director, strategy consultant, and senior advisor to leading companies in the mobility sector. Ms. Chande has also been appointed as a member of the Company's Audit Committee and Corpor
OAKVILLE, ON, March 30, 2022 /PRNewswire/ - Algonquin Power & Utilities Corp. ("AQN" or "Algonquin" or "the Company") (TSX:AQN) (NYSE:AQN) announced today the appointment of Dan Goldberg to its Board of Directors. Concurrently, Mr. Goldberg has been appointed to the Company's Corporate Governance Committee and Human Resources and Compensation Committee. "We are very pleased to welcome Dan to our Board, and to further enhance our corporate governance with the addition of his extensive experience and knowledge," said Ken Moore, Chair of the Board of Directors of AQN. "Throughout his career, Dan has held various senior executive roles in operations, legal and governance functions, providing him
OAKVILLE, ON, June 3, 2021 /PRNewswire/ - Algonquin Power & Utilities Corp. ("AQN" or the "Company") (TSX: AQN) (NYSE: AQN) today held a virtual annual meeting of common shareholders. At the meeting, all of the nominees listed in the Company's management information circular dated April 15, 2021 were elected as directors of AQN until the next annual meeting of shareholders. The detailed voting results for the election of directors are set out below. On a vote by ballot, each of the following nine nominees proposed by management was elected as a director of AQN. The results of the ballot were as follows: Nominee Votes For % For Votes Withheld % Withheld Christopher Ball 263,756,
Algonquin Power & Utilities Corp. ("AQN") (TSX:AQN, AQN.PR.A, AQN.PR.D, NYSE:AQN) announced today that its board of directors has approved and declared the following common and preferred share dividends: US$0.0650 per common share, payable on July 15, 2025, to the shareholders of record on June 30, 2025, for the period from April 1, 2025 to June 30, 2025. Registered shareholders can elect to receive the dividend in Canadian dollars in the amount of C$0.0897. C$0.41100 per preferred share, Series A, payable in cash on June 30, 2025 to preferred share, Series A holders of record on June 13, 2025, for the period from March 31, 2025 to, but excluding, June 30, 2025. C$0.42831 per preferre
Algonquin Power & Utilities Corp. (TSX/NYSE:AQN) ("AQN") today announced plans to release its first quarter 2025 financial results on Friday, May 9, 2025, before market open. AQN will hold an earnings conference call at 8:30 a.m. eastern time on Friday, May 9, 2025, hosted by Chief Executive Officer, Rod West, and Interim Chief Financial Officer and Vice President of Investor Relations, Brian Chin. Conference call details are as follows: Date: Friday, May 9, 2025 Time: 8:30 a.m. ET Conference Call: Toll Free Dial-In Number 1 (800) 715-9871 Toll Dial-In Number 1 (647) 932-3411 Conference ID 4990414 Webcast: https://edge.
Algonquin Power & Utilities Corp. ("AQN") (TSX:AQN, AQN.PR.A, AQN.PR.D, NYSE:AQN) announced today that its board of directors has approved and declared the following common and preferred share dividends: US$0.0650 per common share, payable on April 15, 2025, to the shareholders of record on March 31, 2025, for the period from January 1, 2025 to March 31, 2025. Registered shareholders can elect to receive the dividend in Canadian dollars in the amount of C$0.0934. C$0.41100 per preferred share, Series A, payable in cash on March 31, 2025 to preferred share, Series A holders of record on March 14, 2025, for the period from December 31, 2024 to, but excluding, March 31, 2025. C$0.42831 p
Algonquin Power & Utilities Corp. (TSX/NYSE:AQN) ("AQN") today announced plans to release its fourth quarter and full year 2024 financial results on Friday, March 7, 2025, before market open. AQN will hold an earnings conference call at 8:30 a.m. eastern time on Friday, March 7, 2025, hosted by Chief Executive Officer, Chris Huskilson, and Chief Financial Officer, Darren Myers. Conference call details are as follows: Date: Friday, March 7, 2025 Time: 8:30 a.m. ET Conference Call: Toll Free Dial-In Number 1 (800) 715-9871 Toll Dial-In Number 1 (647) 932-3411 Conference ID 4528692 Webcast:
Making progress in strategic transition to regulated utility OAKVILLE, ON, Nov. 7, 2024 /PRNewswire/ - Algonquin Power & Utilities Corp. (TSX:AQN) (NYSE:AQN) ("AQN" or the "Company") announced today financial results for the third quarter ended September 30, 2024. All amounts are shown in United States dollars ("U.S. $" or "$"), unless otherwise noted. "We continue to hit key milestones on our journey towards a simpler and more focused regulated business," said Chris Huskilson, Chief Executive Officer of AQN. "These successes include the announced sales of our renewables busin
OAKVILLE, ON, Nov. 7, 2024 /PRNewswire/ - Algonquin Power & Utilities Corp. ("AQN") (TSX:AQN) (TSX:AQN) (TSX:AQN) (NYSE:AQN) announced today that its board of directors has approved and declared the following common and preferred share dividends: US$0.0650 per common share, payable on January 15, 2025, to the shareholders of record on December 31, 2024, for the period from October 1, 2024 to December 31, 2024. Registered shareholders can elect to receive the dividend in Canadian dollars in the amount of C$0.0901.C$0.41100 per preferred share, Series A, payable in cash on Decem
OAKVILLE, ON, Oct. 11, 2024 /PRNewswire/ - Algonquin Power & Utilities Corp. (TSX:AQN) (NYSE:AQN) ("AQN") today announced plans to release its third quarter 2024 financial results on Thursday, November 7, 2024, before market open. AQN will hold an earnings conference call at 10:00 a.m. eastern time on Thursday, November 7, 2024, hosted by Chief Executive Officer, Chris Huskilson, and Chief Financial Officer, Darren Myers. Conference call details are as follows: Date: Thursday, November 7, 2024 Time: 10:00 a.m. ET Conference Call: Toll Free Dial-In Number 1 (800) 715-9871 Toll
OAKVILLE, ON, Aug. 9, 2024 /PRNewswire/ - Algonquin Power & Utilities Corp. ("AQN" or the "Company") (TSX:AQN) (TSX:AQN) (TSX:AQN) (NYSE:AQN) announced today that the board of directors has declared the following common and preferred share dividends: US$0.0650 per common share, payable on October 15, 2024, to the shareholders of record on September 30, 2024, for the period from July 1, 2024 to September 30, 2024. Registered shareholders can elect to receive the dividend in Canadian dollars in the amount of C$0.0893.C$0.41100 per preferred share, Series A, payable on October 1
Continuing Ongoing Strategic Transition to a Pure-Play Regulated Utility Company to Hold Second Quarter Earnings Conference Call at 8:30 am E.T. OAKVILLE, ON, Aug. 9, 2024 /PRNewswire/ - Algonquin Power & Utilities Corp. (TSX:AQN) (NYSE:AQN) ("AQN" or the "Company") announced today financial results for the second quarter ended June 30, 2024. All amounts are shown in United States dollars ("U.S. $" or "$"), unless otherwise noted. "In the second quarter we continued to make significant progress on our path towards a pure play regulated utility, which we expect to enable us to
Transaction Unlocks AQN's Value as a Pure-Play Regulated Utility Proceeds Expected to Recapitalize Balance Sheet and Position Company for Future Growth Company to Hold Second Quarter Earnings Conference Call at 8:30 am E.T. OAKVILLE, ON, Aug. 9, 2024 /PRNewswire/ - Algonquin Power & Utilities Corp. (NYSE:AQN) ("AQN" or the "Company") announced today that it has entered into a definitive agreement to sell its renewable energy business (excluding hydro) to a wholly-owned subsidiary of LS Power (the "Buyer") for total consideration of up to $2.5 billion. All amounts are shown in United States Dollars.
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Analyst resumed coverage of Algonquin Power & Utilities with a rating of Neutral and set a new price target of $7.00
Janney initiated coverage of Algonquin Power & Utilities with a rating of Neutral
Raymond James downgraded Algonquin Power & Utilities from Outperform to Mkt Perform
Wells Fargo downgraded Algonquin Power & Utilities from Overweight to Equal Weight and set a new price target of $6.00 from $8.50 previously
Desjardins upgraded Algonquin Power & Utilities from Sell to Hold
BMO Capital Markets upgraded Algonquin Power & Utilities from Market Perform to Outperform and set a new price target of $7.50 from $7.00 previously
BofA Securities downgraded Algonquin Power & Utilities from Buy to Neutral and set a new price target of $8.50 from $9.00 previously
CIBC downgraded Algonquin Power & Utilities from Sector Outperform to Neutral and set a new price target of $10.00 from $17.00 previously
BofA Securities upgraded Algonquin Power & Utilities from Underperform to Buy and set a new price target of $9.00 from $7.00 previously
Desjardins downgraded Algonquin Power & Utilities from Hold to Sell
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