Why Algonquin Power & Utilities Corp. (TSE:AQN) Could Have A Place In Your Portfolio

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Building up an investment case requires looking at a stock holistically. Today I’ve chosen to put the spotlight on Algonquin Power & Utilities Corp. (TSE:AQN) due to its excellent fundamentals in more than one area. AQN has a an impressive history of performance as well as a buoyant growth outlook going forward. Below is a brief commentary on these key aspects. For those interested in understanding where the figures come from and want to see the analysis, read the full report on Algonquin Power & Utilities here.

Proven track record with reasonable growth potential

Over the past few years, AQN has more than doubled its earnings, with its most recent figure exceeding its annual average over the past five years. In addition to beating its historical values, AQN also outperformed its industry, which delivered a growth of 16%. This is what investors like to see!

TSX:AQN Past and Future Earnings, June 18th 2019
TSX:AQN Past and Future Earnings, June 18th 2019

Next Steps:

For Algonquin Power & Utilities, I’ve compiled three important factors you should look at:

  1. Financial Health: Does it have a healthy balance sheet? Take a look at our free balance sheet analysis with six simple checks on key factors like leverage and risk.
  2. Valuation: What is AQN worth today? Is the stock undervalued, even when its growth outlook is factored into its intrinsic value? The intrinsic value infographic in our free research report helps visualize whether AQN is currently mispriced by the market.
  3. Other Attractive Alternatives : Are there other well-rounded stocks you could be holding instead of AQN? Explore our interactive list of stocks with large potential to get an idea of what else is out there you may be missing!

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.