Algonquin Power & Utilities Corp. saw a price increase of 5.07% as it crossed above the 5-day SMA, reflecting positive market conditions with the Nasdaq-100 up 0.70% and the S&P 500 up 0.28%.
The surge in Algonquin's stock is attributed to the appointment of Peter Norgeot as Chief Operating Officer, who brings over 30 years of experience in the utility sector. This strategic move is expected to enhance operational efficiency and drive the company's $30 billion capital plan, focusing on improving system reliability and customer service quality.
This leadership change is seen as a significant step towards maintaining a competitive edge in the utility market, with expectations that Norgeot's extensive background will lead to improved performance and long-term value creation for Algonquin.
Wall Street analysts forecast AQN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AQN is 6.75 USD with a low forecast of 6.50 USD and a high forecast of 7.50 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
Wall Street analysts forecast AQN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AQN is 6.75 USD with a low forecast of 6.50 USD and a high forecast of 7.50 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Buy
4 Hold
0 Sell
Moderate Buy
Current: 6.580
Low
6.50
Averages
6.75
High
7.50
Current: 6.580
Low
6.50
Averages
6.75
High
7.50
National Bank
Sector Perform
to
Outperform
upgrade
$7
2026-01-07
Reason
National Bank
Price Target
$7
AI Analysis
2026-01-07
upgrade
Sector Perform
to
Outperform
Reason
National Bank upgraded Algonquin Power to Outperform from Sector Perform with a price target of $7.50, up from $7. The firm sees catalysts in 2026 from the company's multiple rate cases expected to be approved and implemented. As rate cases are implemented, Algonquin should close its return on equity and valuation gap to peers, the analyst tells investors in a research note.
National Bank
Rupert Merer
Sector Perform -> Outperform
upgrade
2026-01-06
Reason
National Bank
Rupert Merer
Price Target
2026-01-06
upgrade
Sector Perform -> Outperform
Reason
National Bank analyst Rupert Merer upgraded Algonquin Power to Outperform from Sector Perform.
Unlock Full Analyst Thesis， Get the complete breakdown of rating reason for AQN
Unlock Now
Janney Montgomery Scott
Janney Montgomery Scott
Neutral -> Buy
upgrade
$6 -> $7
2025-11-10
Reason
Janney Montgomery Scott
Janney Montgomery Scott
Price Target
$6 -> $7
2025-11-10
upgrade
Neutral -> Buy
Reason
Janney Montgomery Scott upgraded Algonquin Power to Buy from Neutral with a fair value estimate of $7, up from $6. The the firm cites the company's' "strong" Q3 results and continued execution of its rate case agenda for the upgrade. Janney sees improving fundamentals for Algonquin.
Raymond James
Theo Genzebu
Market Perform
maintain
$5 -> $6
2025-06-04
Reason
Raymond James
Theo Genzebu
Price Target
$5 -> $6
2025-06-04
maintain
Market Perform
Reason
Raymond James analyst Theo Genzebu raised the firm's price target on Algonquin Power to $6 from $5 and keeps a Market Perform rating on the shares. While Raymond James remains cautious as to the near-term outlook, the firm has a positive view on ALgonquin Power long-term as a pure-play regulated utility, the analyst tells investors in a research note.
About AQN
Algonquin Power & Utilities Corp. is a Canada-based diversified international generation, transmission, and distribution company. The Company is engaged in providing sustainable energy and water solutions through its portfolio of generation, transmission and distribution utility investments to over one million customer connections. The Company's operations are organized across three business units, consisting of: the Regulated Services Group, which primarily owns and operates a portfolio of regulated electric, water distribution and wastewater collection and natural gas utility systems and transmission operations in the United States, Canada, Bermuda and Chile; the Hydro Group, consisting of the hydroelectric business, which is not being sold as a part of the Renewables sale; and the Corporate Group, which includes corporate and service companies as well as its investment in Atlantica.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
