Algonquin Power & Utilities Corp.

TSX:AQN Stock Report

Market Cap: CA$6.5b

Algonquin Power & Utilities Management

Management criteria checks 0/4

Algonquin Power & Utilities' CEO is Rod West, appointed in Mar 2025, has a tenure of 1.17 years. directly owns 0.012% of the company’s shares, worth CA$774.12K. The average tenure of the management team and the board of directors is 0.9 years and 2.3 years respectively.

Key information

Rod West

Chief executive officer

n/a

Total compensation

CEO salary percentagen/a
CEO tenure1.2yrs
CEO ownership0.01%
Management average tenureless than a year
Board average tenure2.3yrs

Recent management updates

Recent updates

AQN: Turnaround Execution And 2027 Tax Headwinds Will Drive Re Rating Potential

Algonquin Power & Utilities' fair value estimate has risen modestly to CA$9.19 from CA$9.02 as analysts factor in updated views on its turnaround efforts, mixed reactions to the 2027 earnings outlook reset, and ongoing progress in regulatory and cost discipline initiatives. Analyst Commentary Recent Street research on Algonquin Power & Utilities reflects a split view.

AQN: 2026 Rate Case Outcomes Will Drive Turnaround And Repricing Potential

Narrative Update: Algonquin Power & Utilities Analyst Price Target Shift The updated analyst price target framework for Algonquin Power & Utilities now points to estimated fair value of about CA$10.19 per share, up from roughly CA$9.99. Analysts are factoring in slightly higher modeled revenue growth, a higher future P/E and recent research highlighting both tax headwinds to 2027 guidance and improving operational execution and rate case outcomes.

AQN: Future Tax Headwinds And Rate Case Outcomes Will Shape Re Rating Potential

Analysts now see Algonquin Power & Utilities' fair value edging higher to CA$9.02 from CA$8.75, reflecting updated views on 2027 tax headwinds, earnings guidance, and expected benefits from improved rate case outcomes and operational execution. Analyst Commentary Recent Street research paints a mixed picture for Algonquin Power & Utilities, with some firms turning more cautious even as others see improving execution and regulatory trends.

AQN: 2026 Rate Case Approvals Will Support Return Alignment To Peers

Analysts have lifted their average price target for Algonquin Power & Utilities by CA$1.00, citing expectations that upcoming 2026 rate case approvals could help close the company’s return on equity and valuation gap to peers. Analyst Commentary Recent research has leaned more positive on Algonquin Power & Utilities, with price targets and ratings adjusted to reflect potential benefits from the 2026 rate case cycle.

AQN: 2026 Rate Case Outcomes Will Drive Future Earnings Alignment

Analysts have nudged their fair value estimate for Algonquin Power & Utilities higher, supporting a price target increase of about C$1 as they factor in updated assumptions on revenue growth, profitability and P/E, along with potential upside from upcoming rate case decisions. Analyst Commentary Recent Street research on Algonquin Power & Utilities has tilted more constructive, with price targets nudged higher and ratings moving into more positive territory.

AQN: Future Rate Case Outcomes Will Likely Define Re Rating Potential

Analysts have raised their price target on Algonquin Power & Utilities to about $8.75 from roughly $7.00, citing expectations that upcoming rate case approvals and implementations could help narrow the company’s return on equity and valuation gap compared with peers. Analyst Commentary The latest research points to rate case approvals and implementations as a key swing factor for Algonquin Power & Utilities, with some analysts expecting that progress here could help close the gap in return on equity and valuation versus peers.

AQN: 2026 Rate Cases And Index Shifts Will Drive Balanced Outlook

Analysts have inched their fair value estimate for Algonquin Power & Utilities up from about $8.33 to roughly $8.42, pointing to recent upgrades and expectations that upcoming 2026 rate case approvals could help narrow the company’s return on equity and valuation gap to peers. Analyst Commentary Recent Street research has turned more constructive on Algonquin Power & Utilities, with bullish analysts pointing to potential catalysts tied to the 2026 rate case cycle and what that could mean for returns and valuation relative to peers.

AQN: 2026 Rate Cases And Index Changes Will Shape A Balanced Outlook

Narrative Update on Algonquin Power & Utilities Analysts have nudged their price target on Algonquin Power & Utilities up by $0.50 to $7.50, citing expectations that multiple 2026 rate case approvals could help close the company’s return on equity and valuation gap to peers. Analyst Commentary Bullish analysts have shifted their stance on Algonquin Power & Utilities, pointing to upcoming 2026 rate case decisions as a key driver for potential value creation and a rerating closer to peers.

AQN: Future CFO Appointment Will Likely Fail To Justify Rich Earnings Multiple

Analysts have raised their price target on Algonquin Power & Utilities by roughly $1.00 per share, citing higher projected revenue growth, modestly improved profit margins, and a slightly richer but still reasonable forward earnings multiple. What's in the News Algonquin Power & Utilities appointed Robert J.

AQN: Future Leadership And Earnings Profile Will Support A Balanced Outlook

Analysts have nudged their price target on Algonquin Power & Utilities slightly higher, reflecting modestly improved assumptions around long term revenue growth, profit margins, and forward valuation multiples. What's in the News Algonquin Power & Utilities appointed Robert J.

AQN: Revenue And Profitability Outlook Will Support A Balanced Future Perspective

Analysts have raised their price target for Algonquin Power & Utilities from $7.71 to $8.33, citing improved revenue growth and profitability forecasts as key drivers for the revision. What's in the News Robert J.

AQN: Future Multiples And Margins Will Support A Balanced Outlook Ahead

The analyst price target for Algonquin Power & Utilities has been revised slightly upward from $7.70 to $7.71. Analysts cite modest improvements in profit margin and a stable outlook for future valuation multiples as reasons for the adjustment.

Analysts Maintain Algonquin Power Price Target as Revenue Outlook Improves Modestly

Analysts have modestly maintained their price target for Algonquin Power & Utilities at $7.70. They note incremental improvements in projected revenue growth along with a steady fair value outlook.

Transition To Pure-Play Regulated Utility Will Strengthen Future Operations

Analysts have raised their price target for Algonquin Power & Utilities from $7.37 to $7.70, citing modest improvements in fair value and revenue growth assumptions. Valuation Changes Fair Value has increased slightly, rising from CA$7.37 to CA$7.70.

Rate Case Approvals And Grid Modernization Will Secure Future Stability

Algonquin Power & Utilities’ unchanged consensus price target of CA$7.37 reflects a cautiously optimistic outlook supported by improved earnings guidance and growth targets, though execution risks around regulatory rate cases and a valuation in line with peers limit near-term upside. Analyst Commentary Bullish analysts cite Algonquin’s ambitious growth targets and improved long-term earnings outlook as drivers of higher price targets.

Algonquin Power & Utilities' (TSE:AQN) Performance Raises Some Questions

May 16
Algonquin Power & Utilities' (TSE:AQN) Performance Raises Some Questions
User avatar

Transition To Pure-Play Regulated Utility Will Strengthen Future Operations

Leadership changes and strategic shifts towards a pure-play regulated utility aim to enhance operational efficiency and future earnings.

CEO

Rod West (56 yo)

1.2yrs
Tenure

Mr. Roderick K. West, also known as Rod, is Chief Executive Officer of Algonquin Power & Utilities Corp. from March 7, 2025 and serves as its Director since March 13, 2025. Mr. West was Group President of...


Leadership Team

NamePositionTenureCompensationOwnership
Jennifer Tindale
Chief Legal Officer9.3yrsUS$1.36m0.016%
CA$ 1.1m
Roderick West
CEO & Director1.2yrsno data0.012%
CA$ 774.1k
Robert Stefani
Chief Financial Officerless than a yearno datano data
Peter Norgeot
Chief Operating Officerless than a yearno data0.014%
CA$ 937.2k
Brian Chin
Vice President of Investor Relationsno datano datano data
Stephanie Bose
Senior Director of Corporate Communicationsno datano datano data
Kristin von Fischer
Chief Human Resources Officerless than a yearno datano data
Noel Black
Chief Regulatory & External Affairs Officerless than a yearno data0.00017%
CA$ 11.1k
Amy Walt
Chief Customer Officerless than a yearno datano data
Alison Holditch
Investor Relations Officerno datano datano data
0.9yrs
Average Tenure
53yo
Average Age

Experienced Management: AQN's management team is not considered experienced ( 0.9 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Roderick West
CEO & Director1.2yrsno data0.012%
CA$ 774.1k
D. Laney
Independent Chair of the Board9.3yrsUS$270.59k0.0041%
CA$ 266.6k
Daniel Goldberg
Independent Director4.2yrsUS$245.34k0.0053%
CA$ 345.1k
Dilek Samil
Independent Director11.6yrsUS$255.10kno data
Christopher G. Huskilson
Director6.3yrsUS$4.55m0%
CA$ 0
Brett C. Carter
Independent Director2.1yrsUS$171.74k0.00027%
CA$ 17.7k
Gavin Molinelli
Independent Director1yrno datano data
Amee Chande
Independent Director3.9yrsUS$245.26k0.0033%
CA$ 218.7k
Christopher Lopez
Independent Director1.9yrsUS$168.34k0.00037%
CA$ 24.2k
David Levenson
Independent Director2.3yrsUS$212.45k0.0081%
CA$ 528.5k
DeAnn Walker
Independent Directorless than a yearno datano data
2.3yrs
Average Tenure
58yo
Average Age

Experienced Board: AQN's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/01 05:32
End of Day Share Price 2026/05/01 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Algonquin Power & Utilities Corp. is covered by 24 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Harshit GuptaAccountability Research Corporation
MacMurray WhaleATB Cormark Historical (Cormark Securities)
Michael LoneganBarclays