Is AQN a good stock to buy right now?

Based on our 6-factor quantitative model, ALGONQUIN POWER & UTILITIES CORP. (AQN) receives a "Hold" rating with a composite score of 51.5/100. It is ranked #1,105 out of 4,446 stocks. Key factor scores: Quality 35/100, Value 65/100, Momentum 56/100. The timing signal is "Neutral". This is quantitative analysis only — not investment advice.

What is the stock rating for AQN?

ALGONQUIN POWER & UTILITIES CORP. (AQN) has a "Hold" rating and 3-star score. The composite score of 51.5 ranks it #1,105 among 4,446 U.S. stocks. Ratings are updated weekly using academically-proven factor models.

What sector is AQN in?

ALGONQUIN POWER & UTILITIES CORP. operates in the Utilities sector (Utilities industry) with a market cap of $4.79 billion. It is classified as a mid-cap stock.

Does AQN pay a dividend?

AQN does not currently pay a regular dividend. The company may be reinvesting profits for growth.

What is AQN's P/E ratio?

P/E ratio data is not currently available for AQN, which may indicate the company is not yet profitable.

How profitable is AQN?

AQN's quality factor score is 35/100. Gross margin: 36.4%. ROE: -128.8% vs sector average 9.9%. Margins are moderate to low, reflecting competitive market dynamics.

How is AQN valued compared to peers?

AQN's value factor score is 65/100 (higher = cheaper). Key multiples: , EV/EBITDA 3.2x. The stock appears attractively valued versus peers.

What is AQN's debt level?

AQN's debt-to-equity ratio is 142%. Sector average: 165%. Moderate leverage is normal for established companies.

AQN has a beta of 0.50, meaning it is less volatile than the market. Stability score: 72/100.

Does AQN have high short interest?

AQN's short interest factor score is 30/100 (higher = less short selling). Elevated short interest may indicate bearish sentiment or short squeeze potential.

AQN Stock Analysis: Top Mid-Cap Hold (Score 51.5/100) | Blank Capital Research

Data Series	1D	5D	1M	YTD	1Y	3Y	5Y	10Y
AQN	+1.11%	+2.57%	+3.57%	+3.90%	+30.94%	-	-	-
Industry Proxy XLU	-0.40%	+1.34%	+0.86%	+10.00%	-37.72%	-	-	-
U.S. Market SPY	-0.07%	+3.60%	+0.34%	-0.36%	+29.52%	-	-	-
Alpha vs Market	+1.17%	-1.03%	+3.23%	+4.26%	+1.42%	-	-	-
Alpha vs Sector	+1.51%	+1.23%	+2.71%	-6.10%	+68.66%	-	-	-

Metric	AQN	Benchmark
P/E Ratio	-0.8x	-103%
EV/EBITDA	3.2x	-32%
Price / Book	1.0x

Stock Entity	Score▼	Quality	Value	Momentum	P/E Ratio	ROE	Gross Margin	Net Margin	Rev Growth	D/E Ratio	Market Cap	Compare
SWX Southwest Gas Holdings, Inc.	55	49	70	54	19.3x	8.4%	46.9%	21.8%	-73.2%	163.0x	$6.3B	VS
LNG Cheniere Energy, Inc.	54	50	74	54	11.8x	39.2%	100.0%	28.6%	36.6%	174.0x	$58.0B	VS
TRP TC ENERGY CORP	53	36	72	59	20.9x	78.0%	98.4%	39.1%	16.2%	215.0x	$64.8B	VS
EIX EDISON INTERNATIONAL	53	47	74	60	8.3x	17.4%	50.0%	18.6%	32.6%	197.0x	$28.3B	VS
ET Energy Transfer LP	53	50	70	48	11.1x	12.0%	26.3%	7.3%	-3.7%	139.0x	$65.4B	VS
WMB WILLIAMS COMPANIES, INC.	52	50	58	57	33.1x	18.3%	83.0%	24.0%	25.1%	291.0x	$87.8B	VS
NEE NEXTERA ENERGY INC	52	50	60	60	33.5x	8.8%	56.0%	21.5%	23.3%	220.0x	$193.5B	VS
AQN ALGONQUIN POWER & UTILITIES CORP.	52	35	65	56	-	-128.8%	36.4%	-65.4%	-	142.0x	$4.8B
OGS ONE Gas, Inc.	51	49	62	53	28.5x	5.7%	48.4%	13.6%	7.2%	77.0x	$5.4B	VS
EMA EMERA INC	51	33	67	55	44.8x	17.1%	40.2%	7.9%	28.0%	149.0x	$15.8B	VS
FTS Fortis Inc.	51	35	72	57	25.5x	30.7%	71.8%	15.9%	-	140.0x	$28.6B	VS

Key Ratio	TTM	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Gross Margin %	0.4%	0.4%	0.3%	0.4%	-320.6%	0.5%	0.4%	0.4%	0.4%	0.7%	0.6%
Operating Margin %	0.2%	0.2%	0.2%	0.1%	-428.3%	0.2%	0.2%	0.2%	0.2%	0.2%	0.2%
EBITDA Margin %	0.4%	0.4%	0.3%	0.3%	-0.8%	0.4%	0.4%	0.4%	0.4%	0.4%	0.3%
Net Margin %	-0.7%	-0.7%	-0.0%	-0.1%	42.2%	0.4%	0.3%	0.0%	0.1%	0.1%	0.1%
FCF Margin %	-16.8%	-16.8%	-14.8%	-17.0%	-52.2%	-16.7%	1.8%	3.9%	-14.3%	-10.8%	5.6%
ROE %	-1.3%	-0.3%	-0.0%	-0.1%	0.0%	0.1%	0.1%	0.0%	0.0%	0.0%	0.0%
ROA %	-0.4%	-0.1%	-0.0%	-0.0%	0.0%	0.1%	0.0%	0.0%	0.0%	0.0%	0.0%
ROIC %	3.1%	3.1%	2.9%	2.5%	2.7%	3.1%	3.7%	4.6%	5.2%	3.0%	4.4%

Key Ratio

TTM

2024

2023

2022

2021

2020

2019

2018

2017

2016

2015

Gross Margin %

0.4%

0.3%

0.4%

-320.6%

0.5%

0.4%

0.7%

0.6%

Operating Margin %

0.2%

0.1%

-428.3%

0.2%

EBITDA Margin %

0.4%

0.3%

-0.8%

0.4%

0.3%

Net Margin %

-0.7%

-0.0%

-0.1%

42.2%

0.4%

0.3%

0.0%

0.1%

FCF Margin %

-16.8%

-14.8%

-17.0%

-52.2%

-16.7%

1.8%

3.9%

-14.3%

-10.8%

5.6%

ROE %

-1.3%

-0.3%

-0.0%

-0.1%

0.0%

0.1%

0.0%

ROA %

-0.4%

-0.1%

-0.0%

0.0%

0.1%

0.0%

ROIC %

3.1%

2.9%

2.5%

2.7%

3.1%

3.7%

4.6%

5.2%

3.0%

4.4%

Line Item	TTM	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
	$2.3B	$2.3B	$2.7B	$2.8B	$2.3B	$1.7B	$1.6B	$1.6B	$1.6B	$816M	$743M
	$845M	$845M	$1.1B	$1.0B	$858M	$756M	$710M	$692M	$1.2B	$605M	$471M
Gross Margin	36.4%	36.4%	34.8%	37.9%	-32060.9%	45.3%	43.7%	42.0%	44.6%	74.2%	63.3%
	—	$477M	$467M	$456M	$403M	$314M	$284M	$281M	$262M	$146M	$110M
	$446M	$446M	$466M	$402M	$413M	$384M	$365M	$378M	$379M	$175M	$133M
EBIT	$446M	$446M	$466M	$402M	$413M	$384M	$365M	$378M	$379M	$175M	$133M
EBITDA	$883M	$883M	$797M	$830M	-$1.8B	$624M	$621M	$631M	$625M	$289M	$245M
Operating Margin	19.2%	19.2%	19.4%	14.5%	-42827.6%	22.9%	22.6%	23.0%	24.8%	21.4%	18.0%
EBITDA Margin	38.0%	38.0%	29.5%	30.0%	-78.1%	37.2%	38.2%	38.3%	39.7%	35.5%	33.0%
	—	$364M	$354M	$279M	$210M	—	—	—	$147M	$55M	$48M
	—	$187M	-$86M	-$62M	-$43M	$65M	$70M	$53M	$76M	$28M	$32M
	-$1.5B	-$1.5B	-$33M	-$308M	$186M	$728M	$485M	$79M	$104M	$69M	$62M
Net Margin	-65.3%	-65.3%	-1.4%	-11.1%	4216.6%	43.4%	29.8%	4.8%	6.7%	8.4%	8.3%
	$-1.90	$-1.90	$0.03	$-0.33	$0.41	$1.38	$1.05	$0.38	$0.48	$0.44	$0.42
Diluted EPS	$-1.90	$-1.90	$0.03	$-0.33	$0.41	$1.38	$1.05	$0.38	$0.48	$0.44	$0.42

Line Item

TTM

2024

2023

2022

2021

2020

2019

2018

2017

2016

2015

$2.3B

$2.7B

$2.8B

$2.3B

$1.7B

$1.6B

$816M

$743M

$845M

$1.1B

$1.0B

$858M

$756M

$710M

$692M

$1.2B

$605M

$471M

Gross Margin

36.4%

34.8%

37.9%

-32060.9%

45.3%

43.7%

42.0%

44.6%

74.2%

63.3%

—

$477M

$467M

$456M

$403M

$314M

$284M

$281M

$262M

$146M

$110M

$446M

$466M

$402M

$413M

$384M

$365M

$378M

$379M

$175M

$133M

EBIT

$446M

$466M

$402M

$413M

$384M

$365M

$378M

$379M

$175M

$133M

EBITDA

$883M

$797M

$830M

-$1.8B

$624M

$621M

$631M

$625M

$289M

$245M

Operating Margin

19.2%

19.4%

14.5%

-42827.6%

22.9%

22.6%

23.0%

24.8%

21.4%

18.0%

EBITDA Margin

38.0%

29.5%

30.0%

-78.1%

37.2%

38.2%

38.3%

39.7%

35.5%

33.0%

—

$364M

$354M

$279M

$210M

—

$147M

$55M

$48M

—

$187M

-$86M

-$62M

-$43M

$65M

$70M

$53M

$76M

$28M

$32M

-$1.5B

-$33M

-$308M

$186M

$728M

$485M

$79M

$104M

$69M

$62M

Net Margin

-65.3%

-1.4%

-11.1%

4216.6%

43.4%

29.8%

4.8%

6.7%

8.4%

8.3%

$-1.90

$0.03

$-0.33

$0.41

$1.38

$1.05

$0.38

$0.48

$0.44

$0.42

Diluted EPS

$-1.90

$0.03

$-0.33

$0.41

$1.38

$1.05

$0.38

$0.48

$0.44

$0.42

ALGONQUIN POWER & UTILITIES CORP. (AQN) Stock Analysis — April 2026 Rating, Price, and Forecast

Last updated: April 2026

Company Overview — What Does ALGONQUIN POWER & UTILITIES CORP. Do?

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 renewable and clean energy power generation facilities. The company also owns and operates hydroelectric, wind, solar, and thermal facilities with generating capacity of approximately 2.3 gigawatt; and regulated electric, natural gas, water distribution, and wastewater collection utility systems. As of December 31, 2021, it serves approximately 307,000 electric connections; 373,000 natural gas connections; and 413,000 regulated water distribution and wastewater collection utility systems. The company was incorporated in 1988 and is headquartered in Oakville, Canada. ALGONQUIN POWER & UTILITIES CORP. (AQN) is classified as a mid-cap stock in the Utilities sector. The company is led by CEO Arun Banskota and employs approximately 3,440 people. With a market capitalization of $4.8B, AQN is one of the notable companies in the Utilities sector.

ALGONQUIN POWER & UTILITIES CORP. (AQN) Stock Rating — Hold (April 2026)

As of April 2026, ALGONQUIN POWER & UTILITIES CORP. receives a Hold rating with a composite score of 51.5/100 and 3 out of 5 stars from the Blank Capital Research quantitative model.AQN ranks #1,105 out of 4,446 stocks in our coverage universe. Within the Utilities sector, ALGONQUIN POWER & UTILITIES CORP. ranks #74 of 112 stocks, placing it in the lower half of its Utilities peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).

AQN Stock Price and 52-Week Range

ALGONQUIN POWER & UTILITIES CORP. (AQN) currently trades at $6.39. The stock gained $0.07 (1.2%) in the most recent trading session. The 52-week high for AQN is $7.11, which means the stock is currently trading -10.0% from its annual peak. The 52-week low is $4.45, putting the stock 43.6% above its annual trough. Recent trading volume was 2.5M shares, reflecting moderate market activity.

Is AQN Overvalued or Undervalued? — Valuation Analysis

ALGONQUIN POWER & UTILITIES CORP. (AQN) carries a value factor score of 65/100 in the Blank Capital model, indicating fair valuation relative to historical norms. The price-to-book ratio stands at 1.00x, versus the sector average of 1.98x. The price-to-sales ratio is 0.51x, compared to 0.82x for the average Utilities stock. On an enterprise value basis, AQN trades at 3.22x EV/EBITDA, versus 4.75x for the sector.

Overall, AQN's valuation appears roughly in line with sector benchmarks, suggesting the market is pricing the stock fairly given its current fundamentals and growth trajectory. Neither deep value nor significantly overpriced, the stock occupies a middle ground on valuation.

ALGONQUIN POWER & UTILITIES CORP. Profitability — ROE, Margins, and Quality Score

ALGONQUIN POWER & UTILITIES CORP. (AQN) earns a quality factor score of 35/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is -128.8%, compared to the Utilities sector average of 9.9%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at -35.8% versus the sector average of 3.1%.

On a margin basis, ALGONQUIN POWER & UTILITIES CORP. reports gross margins of 36.4%, compared to 53.1% for the sector. The operating margin is 19.2% (sector: 21.5%). Net profit margin stands at -65.3%, versus 12.8% for the average Utilities stock. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.

AQN Debt, Balance Sheet, and Financial Health

ALGONQUIN POWER & UTILITIES CORP. has a debt-to-equity ratio of 142.0%, compared to the Utilities sector average of 164.5%. Leverage is within a manageable range for the industry, though investors should monitor debt trends over time. Total debt on the balance sheet is $6.70B. Cash and equivalents stand at $35M.

AQN has a beta of 0.50, meaning it is less volatile than the S&P 500, making it a relatively defensive holding. The stability factor score for ALGONQUIN POWER & UTILITIES CORP. is 72/100, indicating low-volatility characteristics and consistent price behavior that appeals to risk-averse investors.

ALGONQUIN POWER & UTILITIES CORP. Revenue and Earnings History — Quarterly Trend

In TTM 2026, ALGONQUIN POWER & UTILITIES CORP. reported revenue of $2.32B and earnings per share (EPS) of $-1.90. Net income for the quarter was $-1.52B. Gross margin was 36.4%. Operating income came in at $446M.

In FY 2024, ALGONQUIN POWER & UTILITIES CORP. reported revenue of $2.32B and earnings per share (EPS) of $-1.90. Net income for the quarter was $-1.52B. Gross margin was 36.4%. Revenue grew -14.0% year-over-year compared to FY 2023. Operating income came in at $446M.

In FY 2023, ALGONQUIN POWER & UTILITIES CORP. reported revenue of $2.70B and earnings per share (EPS) of $0.03. Net income for the quarter was $-33M. Gross margin was 34.8%. Revenue grew -2.4% year-over-year compared to FY 2022. Operating income came in at $466M.

In FY 2022, ALGONQUIN POWER & UTILITIES CORP. reported revenue of $2.77B and earnings per share (EPS) of $-0.33. Net income for the quarter was $-308M. Gross margin was 37.9%. Revenue grew 21.6% year-over-year compared to FY 2021. Operating income came in at $402M.

Over the past 8 quarters, ALGONQUIN POWER & UTILITIES CORP. has demonstrated a growth trajectory, with revenue expanding from $1.65B to $2.32B. Investors analyzing AQN stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.

AQN Dividend Yield and Income Analysis

ALGONQUIN POWER & UTILITIES CORP. (AQN) does not currently pay a dividend. This is common among smaller companies in the Utilities industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Utilities dividend stocks may want to explore other Utilities stocks or use the stock screener to filter by dividend yield.

AQN Momentum and Technical Analysis Profile

ALGONQUIN POWER & UTILITIES CORP. (AQN) has a momentum factor score of 56/100, reflecting neutral trend characteristics. The stock is neither significantly outperforming nor underperforming the broader market on a momentum basis. The investment factor score is 72/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 30/100 signals elevated short interest, which can indicate bearish sentiment among institutional investors.

AQN vs Competitors — Utilities Sector Ranking and Peer Comparison

Within the Utilities sector, ALGONQUIN POWER & UTILITIES CORP. (AQN) ranks #74 out of 112 stocks based on the Blank Capital composite score. This places AQN in the lower half of all Utilities stocks in our coverage universe. Key competitors and sector peers include Energy Transfer LP (ET) with a score of 52.6/100, Southwest Gas Holdings, Inc. (SWX) with a score of 54.8/100, NEXTERA ENERGY INC (NEE) with a score of 51.6/100, EDISON INTERNATIONAL (EIX) with a score of 53.0/100, and TC ENERGY CORP (TRP) with a score of 53.1/100.

Comparing AQN against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full AQN vs S&P 500 (SPY) comparison to assess how ALGONQUIN POWER & UTILITIES CORP. stacks up against the broader market across all factor dimensions.

AQN Next Earnings Date

No upcoming earnings date has been announced for ALGONQUIN POWER & UTILITIES CORP. (AQN) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.

Should You Buy AQN? — Investment Thesis Summary

ALGONQUIN POWER & UTILITIES CORP. presents a balanced picture with arguments on both sides. The quality score of 35/100 flags below-average profitability. The value score of 65/100 suggests attractive pricing relative to fundamentals. Low volatility (stability score 72/100) reduces downside risk.

In summary, ALGONQUIN POWER & UTILITIES CORP. (AQN) earns a Hold rating with a composite score of 51.5/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on AQN stock.

Related Resources for AQN Investors

Explore more research and tools: AQN vs S&P 500 comparison, top Utilities stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare AQN head-to-head with peers: AQN vs ET, AQN vs SWX, AQN vs NEE.

Business quality

Valuation edge

Market alpha

Unlock Investment Thesis

Unlock Performance & Technicals

Unlock Valuation Tools

Institutional peer matrix

Dispersion: efficiency vs. valuation

Lateral intelligence network

Unlock Financial Statements

Unlock Ownership & Management

Intelligence Feed

A Look At Algonquin Power & Utilities (TSX:AQN) Valuation After Its Recent 1 Year 31% Total Return

Algonquin Power & Utilities Corp. Announces Date for First Quarter 2026 Financial Results and Conference Call

Algonquin Power started Overweight at Barclays as 'cheap, compelling turnaround story' (AQN:NYSE)

This Sensata Technologies Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Wednesday

CIBC Cuts Algonquin Power & Utilities Corp. (AQN) Target to $6.25 After 2027 Earnings Outlook Reset

Unlock Earnings Transcripts

Institutional Intelligence FAQ

Related Research & Tools

Related Utilities Stocks

ALGONQUIN POWER & UTILITIES CORP. (AQN) Stock Analysis — April 2026 Rating, Price, and Forecast

Company Overview — What Does ALGONQUIN POWER & UTILITIES CORP. Do?

ALGONQUIN POWER & UTILITIES CORP. (AQN) Stock Rating — Hold (April 2026)

AQN Stock Price and 52-Week Range

Is AQN Overvalued or Undervalued? — Valuation Analysis

ALGONQUIN POWER & UTILITIES CORP. Profitability — ROE, Margins, and Quality Score

AQN Debt, Balance Sheet, and Financial Health

ALGONQUIN POWER & UTILITIES CORP. Revenue and Earnings History — Quarterly Trend

AQN Dividend Yield and Income Analysis

AQN Momentum and Technical Analysis Profile

AQN vs Competitors — Utilities Sector Ranking and Peer Comparison

AQN Next Earnings Date

Should You Buy AQN? — Investment Thesis Summary

Related Resources for AQN Investors

Comments

Institutional Benchmarks

Related research

Get alerted on rating changes

Intelligence Feed

A Look At Algonquin Power & Utilities (TSX:AQN) Valuation After Its Recent 1 Year 31% Total Return

Algonquin Power & Utilities Corp. Announces Date for First Quarter 2026 Financial Results and Conference Call

Algonquin Power started Overweight at Barclays as 'cheap, compelling turnaround story' (AQN:NYSE)

This Sensata Technologies Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Wednesday

CIBC Cuts Algonquin Power & Utilities Corp. (AQN) Target to $6.25 After 2027 Earnings Outlook Reset