Algonquin Power (AQN) Q3 2026 Earnings Call Transcript
Operator: Hello, and welcome to the Algonquin Power & Utilities Corporation Third Quarter 2026 Earnings Conference Call.
Model output · Signal date 2026-11-06
Algonquin Power & Utilities Corp. (AQN) Stock Forecast Nov. 6, 2026
Analysis updated on Nov. 6, 2026 (UTC) · Alpha · vs marketSwitch to Total · NYSE
Rating · 90D
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90-day forecast
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30-day forecast
Alpha
Rank in coverage
of 5150 stocks scored
Rank correlation · 90D
18.0%
Spearman, 357 dates
Market Cap
$4.24B
mid-cap · #32 of 49 peers
Summary
Algonquin Power & Utilities Corp. (AQN) stock forecast summary
Our AI scores Algonquin Power & Utilities Corp. every trading day against every stock it covers. Create a free account and follow it to see its rating and price target.
Algonquin Power & Utilities Corp. is a mid-cap company with a market capitalization of $4.24B. It ranks number 32 by market capitalization among the 49 Electric Services issuers in our coverage with a current forecast.
For AQN, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 18.0%, measured on 357 forecast dates between 2022-08-19 and 2026-08-07 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 23.0%, measured on 400 forecast dates between 2022-08-19 and 2026-10-07. Across our coverage, the out-of-sample test on 4629 stocks from 2025-01-06 to 2026-08-04 produced a positive net return in 92.9% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
Expected return relative to the market over the horizon: a positive alpha means the model expects the stock to beat the market, whatever the market does. Ratings: strong buy ≥ +3.1%, buy ≥ +1.5%, sell < -0.5%, strong sell < -1.8% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-11-06 signals)
A free account shows the exact forecast, rating and rank of 3 tickers you follow, AQN included.
Price
AQN price chart and AI forecast
Cross-section · 2026-11-06
How AQN ranks among 5150 stocks
90D Alpha forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).
Fundamentals · 2025-12-31
Algonquin Power & Utilities Corp. (AQN) fundamentals
Trailing twelve months. The industry median and the rank (1 = highest) are taken over the Electric Services peers listed below that report each metric.
Valuation & Market
| Metric | AQN | Rank |
|---|---|---|
| Market Cap | $4.24B | 32/49 |
| P/B Ratio | 0.91x | 32/36 |
| EPS | $-1.68 | – |
| Book Value/Share | $6.04 | – |
Profitability & Margins
| Metric | AQN | Rank |
|---|---|---|
| ROE | -25.9% | 33/34 |
| ROA | -8.5% | 33/35 |
| ROIC | 7.3% | 6/38 |
| Operating Margin | 20.0% | 18/34 |
| Net Margin | -25.2% | 30/32 |
| EBT Margin | 8.2% | 23/34 |
| Tax Rate | 64.9% | – |
The effective tax rate is outside the normal band, which points to a large non-recurring tax item in the trailing twelve months; headline net income, net margin and P/E are affected by it.
Financial Health
| Metric | AQN | Rank |
|---|---|---|
| Current Ratio | 1.00x | 17/46 |
| D/E Ratio | 1.96x | 29/43 |
| Financial Leverage | 3.05x | 30/42 |
| Interest Coverage | 2.0x | 12/37 |
| Working Capital | $5M | 16/46 |
Cash Flow
| Metric | AQN | Rank |
|---|---|---|
| Operating Cash Flow | $1.08B | 22/44 |
Income Statement
| Metric | AQN | Rank |
|---|---|---|
| Operating Income | $951M | 18/42 |
| Net Income | -$1.20B | 36/37 |
Dividend & Shareholder Information
| Metric | AQN | Rank |
|---|---|---|
| Shares Outstanding | 768M | – |
Balance Sheet Highlights (USD millions)
| Total Current Assets | $1.20B | 8.5% of assets |
| Cash & Short-term Investments | $33M | 0.2% of assets |
| Total Liabilities | $9.09B | 64.3% of assets |
| Short-term Debt | $1.05B | 7.5% of assets |
Quarterly Financial Reports
AQN quarterly financials and insider trading
Industry Peers · Electric Services
Algonquin Power & Utilities Corp. (AQN) industry peers
Companies classified under the same SEC industry code as Algonquin Power & Utilities Corp. (Electric Services): 52 common-stock issuers with a forecast this week, one row per issuer, largest first. This is a classification match, not a curated list of competitors.
Reveal all forecasts · See exact % predictions for all competitors
Sign up free| Company | 90-Day AI Forecast (Alpha) | Market Cap |
|---|---|---|
| AQN Algonquin Power & Utilities Corp. | $4.24B | |
| NEE Nextera Energy Inc | $181.08B | |
| SO Southern Co | $102.78B | |
| CEG Constellation Energy Corp | $88.56B | |
| AEP American Electric Power Co Inc | $67.73B | |
| D Dominion Energy, Inc | $58.58B | |
| ETR Entergy Corp /De/ | $49.37B | |
| VST Vistra Corp. | $41.89B | |
| FTS Fortis Inc. | $30.49B | |
| DTE Dte Energy Co | $28.06B | |
| FE Firstenergy Corp | $26.82B | |
| PPL Ppl Corp | $26.64B | |
| CNP Centerpoint Energy Inc | $26.54B | |
| ES Eversource Energy | $26.31B | |
| EIX Edison International | $22.84B | |
| BEP Brookfield Renewable Partners L.P. | $21.32B | |
| NRG Nrg Energy, Inc. | $18.56B | |
| EMA Emera Inc | $15.17B | |
| TLN Talen Energy Corp | $13.76B | |
| BEPC Brookfield Renewable Corp | $10.77B | |
| OGE Oge Energy Corp. | $10.20B | |
| ENLT Enlight Renewable Energy Ltd. | $9.03B | |
| IDA Idacorp Inc | $8.63B | |
| EAI Entergy Arkansas, Llc | $8.47B | |
| ELPC Energy Co Of Parana | $8.01B | |
| CWEN Clearway Energy, Inc. | $7.00B | |
| BKH Black Hills Corp /Sd/ | $6.47B | |
| TXNM Txnm Energy Inc | $6.34B | |
| ORA Ormat Technologies, Inc. | $5.72B | |
| POR Portland General Electric Co /Or/ | $5.47B | |
| CIG Energy Co Of Minas Gerais | $5.32B | |
| OKLO Oklo Inc. | $4.38B | |
| TAC Transalta Corp | $3.86B | |
| OTTR Otter Tail Corp | $3.36B | |
| KEN Kenon Holdings Ltd. | $3.01B | |
| FRVO Fervo Energy Co | $2.66B | |
| HE Hawaiian Electric Industries Inc | $1.45B | |
| XIFR Xplr Infrastructure, Lp | $687M | |
| NNE Nano Nuclear Energy Inc. | $597M | |
| HNRG Hallador Energy Co | $476M | |
| GFUZ General Fusion Group Ltd. | $327M | |
| ELLO Ellomay Capital Ltd. | $234M | |
| ONEN One Nuclear Energy Inc. | $179M | |
| AMFN American Fusion, Inc. | $118M | |
| FISN Deep Fission, Inc. | $109M | |
| HDRN Hadron Energy, Inc. | $48M | |
| WAVE Eco Wave Power Global Ab (Publ) | $27M | |
| BESS Bimergen Energy Corp | $19M | |
| OPTT Ocean Power Technologies, Inc. | $3M | |
| APSI Aqua Power Systems Inc. | N/A | |
| AXIAY Axia Energia S.A. | N/A | |
| CBMJ Conservative Broadcast Media & Publishing, Inc. | N/A |
Where AQN sits on the market map
Energy & Transportation · Electric Services
News
Algonquin Power & Utilities Corp. (AQN) stock news
Algonquin Power & Utilities Q3 Earnings Call Highlights
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FAQ
Algonquin Power & Utilities Corp. (AQN) stock forecast FAQ
What is the Algonquin Power & Utilities Corp. (AQN) stock forecast?
Our AI scores Algonquin Power & Utilities Corp. every trading day against every stock it covers. Create a free account and follow it to see its rating and price target.
How accurate are Algonquin Power & Utilities Corp. stock predictions?
For AQN, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 18.0%, measured on 357 forecast dates between 2022-08-19 and 2026-08-07 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 23.0%, measured on 400 forecast dates between 2022-08-19 and 2026-10-07. Across our coverage, the out-of-sample test on 4629 stocks from 2025-01-06 to 2026-08-04 produced a positive net return in 92.9% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
How often are Algonquin Power & Utilities Corp. forecasts updated?
Algonquin Power & Utilities Corp. forecasts are refreshed on trading days as the daily model run completes. The forecast on this page was produced on Nov. 6, 2026.
Which companies are Algonquin Power & Utilities Corp.'s industry peers?
52 issuers in our coverage, AQN included, share the SEC industry code Electric Services. The largest are: Nextera Energy Inc (NEE), Southern Co (SO), Constellation Energy Corp (CEG), American Electric Power Co Inc (AEP), Dominion Energy, Inc (D), Entergy Corp /De/ (ETR).
This analysis is generated automatically using our proprietary AI systems and should not be considered personalized investment advice. Past performance does not guarantee future results. Always conduct your own research and consider consulting a financial advisor before making investment decisions.