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Algonquin Power
AQNNYSE
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Algonquin Power (NYSE:AQN) Stock, Analyst Ratings, Price Targets, Forecasts
Algonquin Power & Utilities Corp has a consensus price target of $8.94 based on the ratings of 10 analysts. The high is $16.5 issued by Morgan Stanley on August 19, 2021. The low is $6.5 issued by Scotiabank on April 22, 2024. The 3 most-recent analyst ratings were released by RBC Capital, Wells Fargo, and Scotiabank on July 10, 2024, May 13, 2024, and April 22, 2024, respectively. With an average price target of $7.33 between RBC Capital, Wells Fargo, and Scotiabank, there's an implied 19.83% upside for Algonquin Power & Utilities Corp from these most-recent analyst ratings.
Analyst Firms Making Recommendations1
RBC Capital
Wells Fargo
Scotiabank
TD Securities
BMO Capital
1calculated from analyst ratings
Analyst Ratings for Algonquin Power
| Buy Now | Get Alert | |||||||
|---|---|---|---|---|---|---|---|---|
| 07/10/2024 | Buy Now | 14.38% | RBC Capital | Nelson Ng | $7 → $7 | Reiterates | Sector Perform → Sector Perform | Get Alert |
| 05/13/2024 | Buy Now | 38.89% | Wells Fargo | Neil Kalton | $8 → $8.5 | Maintains | Overweight | Get Alert |
| 04/22/2024 | Buy Now | 6.21% | Scotiabank | — | $7.5 → $6.5 | Maintains | Sector Perform | Get Alert |
| 03/11/2024 | Buy Now | 6.21% | TD Securities | Sean Steuart | $6 → $6.5 | Maintains | Hold | Get Alert |
| 01/08/2024 | Buy Now | 22.55% | BMO Capital | Ben Pham | $7 → $7.5 | Upgrade | Market Perform → Outperform | Get Alert |
| 10/10/2023 | Buy Now | 30.72% | RBC Capital | Nelson Ng | → $8 | Reiterates | Sector Perform → Sector Perform | Get Alert |
| 09/14/2023 | Buy Now | 30.72% | RBC Capital | Nelson Ng | $9 → $8 | Maintains | Sector Perform | Get Alert |
| 08/11/2023 | Buy Now | 38.89% | BMO Capital | Ben Pham | $9 → $8.5 | Maintains | Market Perform | Get Alert |
| 05/30/2023 | Buy Now | 71.57% | Credit Suisse | Andrew Kuske | → $10.5 | Reiterates | Outperform → Outperform | Get Alert |
| 05/12/2023 | Buy Now | 63.4% | Wells Fargo | Neil Kalton | $9.5 → $10 | Maintains | Overweight | Get Alert |
| 04/18/2023 | Buy Now | — | CIBC | Mark Jarvi | — | Downgrade | Outperformer → Neutral | Get Alert |
| 04/18/2023 | Buy Now | 38.89% | B of A Securities | Dariusz Lozny | → $8.5 | Downgrade | Buy → Neutral | Get Alert |
| 04/12/2023 | Buy Now | 47.06% | RBC Capital | Nelson Ng | $8 → $9 | Maintains | Sector Perform | Get Alert |
| 03/24/2023 | Buy Now | 71.57% | Credit Suisse | Andrew Kuske | → $10.5 | Reiterates | → Outperform | Get Alert |
| 03/20/2023 | Buy Now | 30.72% | RBC Capital | Nelson Ng | → $8 | Reiterates | → Sector Perform | Get Alert |
| 03/20/2023 | Buy Now | 55.23% | Wells Fargo | Neil Kalton | $9 → $9.5 | Maintains | Overweight | Get Alert |
| 02/16/2023 | Buy Now | 47.06% | B of A Securities | Dariusz Lozny | $7 → $9 | Upgrade | Underperform → Buy | Get Alert |
| 01/13/2023 | Buy Now | 22.55% | BMO Capital | Ben Pham | $7 → $7.5 | Maintains | Market Perform | Get Alert |
| 01/13/2023 | Buy Now | — | Desjardins | Brent Stadler | — | Downgrade | Hold → Sell | Get Alert |
| 01/13/2023 | Buy Now | 71.57% | Credit Suisse | Andrew Kuske | $11 → $10.5 | Maintains | Outperform | Get Alert |
| 01/05/2023 | Buy Now | 47.06% | Wells Fargo | Neil Kalton | → $9 | Upgrade | Equal-Weight → Overweight | Get Alert |
| 12/21/2022 | Buy Now | 30.72% | RBC Capital | Nelson Ng | $12 → $8 | Maintains | Sector Perform | Get Alert |
| 12/16/2022 | Buy Now | 79.74% | Credit Suisse | Andrew Kuske | $10.75 → $11 | Maintains | Outperform | Get Alert |
| 11/30/2022 | Buy Now | 75.65% | Credit Suisse | Andrew Kuske | $12 → $10.75 | Maintains | Outperform | Get Alert |
| 11/14/2022 | Buy Now | 63.4% | TD Securities | Sean Steuart | $13 → $10 | Downgrade | Buy → Hold | Get Alert |
| 11/14/2022 | Buy Now | 96.08% | Credit Suisse | Andrew Kuske | $13 → $12 | Maintains | Outperform | Get Alert |
| 11/14/2022 | Buy Now | 96.08% | RBC Capital | Nelson Ng | $17 → $12 | Downgrade | Outperform → Sector Perform | Get Alert |
| 11/14/2022 | Buy Now | 79.74% | BMO Capital | Ben Pham | $17.5 → $11 | Downgrade | Outperform → Market Perform | Get Alert |
| 10/19/2022 | Buy Now | 112.42% | Wells Fargo | Neil Kalton | $16 → $13 | Maintains | Equal-Weight | Get Alert |
| 10/11/2022 | Buy Now | — | Credit Suisse | Andrew Kuske | — | Upgrade | Neutral → Outperform | Get Alert |
| 12/15/2021 | Buy Now | 153.27% | Wells Fargo | Neil Kalton | — | Maintains | Equal-Weight | Get Alert |
| 08/19/2021 | Buy Now | 169.61% | Morgan Stanley | Stephen Byrd | — | Maintains | Equal-Weight | Get Alert |
FAQ
What is the target price for Algonquin Power (AQN) stock?
The latest price target for Algonquin Power (NYSE:AQN) was reported by RBC Capital on July 10, 2024. The analyst firm set a price target for $7.00 expecting AQN to rise to within 12 months (a possible 14.38% upside). 8 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Algonquin Power (AQN)?
The latest analyst rating for Algonquin Power (NYSE:AQN) was provided by RBC Capital, and Algonquin Power reiterated their sector perform rating.
When was the last upgrade for Algonquin Power (AQN)?
The last upgrade for Algonquin Power & Utilities Corp happened on January 8, 2024 when BMO Capital raised their price target to $7.5. BMO Capital previously had a market perform for Algonquin Power & Utilities Corp.
When was the last downgrade for Algonquin Power (AQN)?
The last downgrade for Algonquin Power & Utilities Corp happened on April 18, 2023 when CIBC changed their price target from N/A to N/A for Algonquin Power & Utilities Corp.
When is the next analyst rating going to be posted or updated for Algonquin Power (AQN)?
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Algonquin Power, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Algonquin Power was filed on July 10, 2024 so you should expect the next rating to be made available sometime around July 10, 2025.
Is the Analyst Rating Algonquin Power (AQN) correct?
While ratings are subjective and will change, the latest Algonquin Power (AQN) rating was a reiterated with a price target of $7.00 to $7.00. The current price Algonquin Power (AQN) is trading at is $6.12, which is out of the analyst’s predicted range.
Browse analyst ratings and price targets on all stocks.