Algonquin Power & Utilities Corp (AQN) Fair Value & Analysis
Utilities · US · Market cap $4.5B
Algonquin Power & Utilities Corp
AQN · US
Fair value as of: Jul 16, 2026
From 14 valuation models · updated 24 days ago
Share price +0.9% over the past month.
Below-average quality, and screening another 23% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case ($4.99). The favourable scenario is already priced in.
- Weak quality (36/100) and above fair value at the same time, the margin of safety is missing on both counts.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.
How to read this chart
60‑month range $3.93 – $12.34 · fair‑value band $3.09 – $4.99 · the $5.74 price screens above the $4.42 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.
Analysis
Algonquin Power & Utilities Corp (AQN) currently trades at $5.74, while our model-based Fair Value estimate is $4.42, implying the stock looks roughly 23.0% overvalued today. The Quality Score stands at 36/100 (below-average quality), in the Utilities sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, Algonquin Power & Utilities Corp generated revenue of $2.5B at a net margin of 6.7%. Revenue grew 14.4% year over year. It earns a return on equity of 2.7%. Net debt stands at $6.5B. Fundamentals as of Jul 16, 2026
Our scenario range runs from $3.09 (bear case) to $4.99 (bull case); at $5.74, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 18% below its 52-week high and 13% above its 52-week low, currently below its 200-day average. For context, the median of 10 Utilities peers we cover trades at -48% fair-value upside, at -23%, AQN screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 14 models by family
Widest divergence: Growth Earnings ($5.77) versus Multiples ($3.99). Highest evidence: Residual Income (76).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 34 · Market factors (momentum, volatility) 45
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Algonquin Power & Utilities Corp. operates in the power and utility industries. It owns and operates a portfolio of regulated electric, water distribution and wastewater collection, and natural gas utility systems and transmission operations.
Full company description
Algonquin Power & Utilities Corp. operates in the power and utility industries. It owns and operates a portfolio of regulated electric, water distribution and wastewater collection, and natural gas utility systems and transmission operations. As of December 31, 2025, it operated a portfolio of regulated utility systems in the United States, Canada, Bermuda, and Chile, serving approximately 1,272,000 customer connections. Its regulated electrical distribution utility systems and related transmission and generation assets are located in the states of Arkansas, California, Kansas, Missouri, Nevada, New Hampshire, and Oklahoma, as well as in Bermuda with approximately 311,000 electric customer connections. Its regulated water distribution and wastewater utility systems are located in the states of Arizona, Arkansas, California, Illinois, Missouri, New York, and Texas, as well as in Chile with approximately 583,000 customer connections. It's regulated natural gas distribution utility systems are located in the states of Georgia, Illinois, Iowa, Massachusetts, Missouri, New Hampshire, and New York; and in the Canadian province of New Brunswick with approximately 378,000 natural gas customer connections. It also owns and operates generating assets with a gross capacity of approximately 2.0 gigawatt (GW) and has investments in generating assets with approximately 0.3 GW of net generation capacity. It generates and sells hydroelectric energy in Canada, and capacity and renewable attributes are produced by its portfolio of 14 hydroelectric power generation facilities located in the provinces of Alberta, Ontario, New Brunswick, and Quebec. As of December 31, 2025, it had a combined gross generating capacity of approximately 112 megawatts (MW) and a combined net generating capacity of approximately 105 MW. The company was formerly known as Traduction Militech Translation Inc. in October 2009. The company was incorporated in 1988 and is headquartered in Oakville, Canada.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Algonquin Power & Utilities Corp reported revenue of $2.4B in FY2025 versus $2.3B in FY2021, a compound +1.7%/yr. Reported net income was $181M in FY2025, compounding −9.1%/yr from FY2021.
AQN screens 23% overvalued. Compare with Iberdrola, S.A →
Earlier news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- Algonquin Power & Utilities Corp. Announces Date for Second Quarter 2026 Financial Results and Conference Call
- Algonquin Power & Utilities Corp. Holds Annual Meeting of Shareholders and Announces Election of Board of Directors
- Did Algonquin’s Q1 2026 Results and New Debt Deal Just Recast Algonquin’s (TSX:AQN) Turnaround Story?
- This Income Fund Just Completely Exited Its $37 Million Stake in Algonquin Power. Why?
Peer Group
Utilities - Diversified · 51 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Utilities - Diversified median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Utilities - Diversified stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Iberdrola, S.A IBE | €21.25 | €9.34 | -56% |
| Enel SpA ENEL | €10.28 | €5.83 | -43% |
| Engie SA 1ENGI | €26.59 | €17.39 | -35% |
| Sempra SRE | $93.15 | $47.77 | -49% |
| E.ON SE EOAN | €19.34 | €11.71 | -39% |
| RWE Aktiengesellschaft generates and 1RWE | €56.52 | €29.64 | -48% |
| ACWA Power Company 2082 | 198.20 SAR | 25.38 SAR | -87% |
| Brookfield Infrastructure Partners L.P. BIPUN | C$55.05 | C$17.66 | -68% |
| EnBW Energie Baden-Württemberg AG EBK | €69.00 | €21.11 | -69% |
| EDP, S.A EDP | €4.41 | €3.81 | -14% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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