Is Algonquin Power Stock a Good Investment?
Algonquin Power Investment Advice | AQNB |
- Examine Algonquin Power's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Algonquin Power's leadership team and their track record. Good management can help Algonquin Power navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Electric Utilities space and any emerging trends that could impact Algonquin Power's business and its evolving consumer preferences.
- Compare Algonquin Power's performance and market position to its competitors. Analyze how Algonquin Power is positioned in terms of product offerings, innovation, and market share.
- Check if Algonquin Power pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Algonquin Power's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Algonquin Power Utilities stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Algonquin Power Utilities is a good investment.
Sell | Buy |
Cautious Hold
Market Performance | OK | Details | |
Volatility | Very steady | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Barely shadows the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Strong Sell | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine Algonquin Power Stock
Researching Algonquin Power's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). The company last dividend was issued on the 2nd of January 2025.
To determine if Algonquin Power is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Algonquin Power's research are outlined below:
| On 1st of October 2024 Algonquin Power paid $ 0.614 per share dividend to its current shareholders | |
| Latest headline from news.google.com: Foundry Partners LLC Purchases Shares of 1,316,066 Algonquin Power Utilities Corp. - MarketBeat |
Algonquin Power Quarterly Gross Profit |
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Algonquin Power's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Capital Employed | 0.03 | 0.03 | |
| Return On Equity | 0.01 | 0.01 |
Determining Algonquin Power's profitability involves analyzing its financial statements and using various financial metrics to determine if Algonquin Power is a good buy. For example, gross profit margin measures Algonquin Power's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Algonquin Power's profitability and make more informed investment decisions.
Please note, the presentation of Algonquin Power's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Algonquin Power's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Algonquin Power's management manipulating its earnings.
Evaluate Algonquin Power's management efficiency
The current year's Return On Capital Employed is expected to grow to 0.03, whereas Return On Tangible Assets are forecasted to decline to 0. At present, Algonquin Power's Non Currrent Assets Other are projected to increase significantly based on the last few years of reporting. The current year's Intangibles To Total Assets is expected to grow to 0.09, whereas Total Assets are forecasted to decline to about 12.8 B. Algonquin Power's management efficiency ratios could be used to measure how well Algonquin Power manages its routine affairs as well as how well it operates its assets and liabilities.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 7.14 | 5.63 | |
| Tangible Book Value Per Share | 5.68 | 4.79 | |
| Enterprise Value Over EBITDA | 15.44 | 11.38 | |
| Price Book Value Ratio | 1.22 | 1.04 | |
| Enterprise Value Multiple | 15.44 | 11.38 | |
| Price Fair Value | 1.22 | 1.04 | |
| Enterprise Value | 14.6 B | 15.3 B |
Leadership effectiveness at Algonquin Power Utilities is a strong indicator of its financial stability. We analyze various metrics to provide insights into the stock's investment viability.
Dividend Yield 0.055 | Forward Dividend Yield 0.055 |
Basic technical analysis of Algonquin Stock
As of the 25th of November, Algonquin Power shows the mean deviation of 0.3155, and Risk Adjusted Performance of 0.0771. Algonquin Power Utilities technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices.Algonquin Power's Outstanding Corporate Bonds
Algonquin Power issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Algonquin Power Utilities uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Algonquin bonds can be classified according to their maturity, which is the date when Algonquin Power Utilities has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| Boeing Co 2196 Corp BondUS097023DG73 | View | |
| HSBC Holdings PLC Corp BondUS404280DR76 | View | |
| US015857AH86 Corp BondUS015857AH86 | View |
Understand Algonquin Power's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Algonquin Power's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.0771 | |||
| Market Risk Adjusted Performance | 1.36 | |||
| Mean Deviation | 0.3155 | |||
| Semi Deviation | 0.4134 | |||
| Downside Deviation | 0.5694 | |||
| Coefficient Of Variation | 940.57 | |||
| Standard Deviation | 0.5313 | |||
| Variance | 0.2823 | |||
| Information Ratio | (0.14) | |||
| Jensen Alpha | 0.0423 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.13) | |||
| Treynor Ratio | 1.35 | |||
| Maximum Drawdown | 3.74 | |||
| Value At Risk | (0.66) | |||
| Potential Upside | 0.7883 | |||
| Downside Variance | 0.3242 | |||
| Semi Variance | 0.1709 | |||
| Expected Short fall | (0.34) | |||
| Skewness | 0.1372 | |||
| Kurtosis | 5.38 |
| Risk Adjusted Performance | 0.0771 | |||
| Market Risk Adjusted Performance | 1.36 | |||
| Mean Deviation | 0.3155 | |||
| Semi Deviation | 0.4134 | |||
| Downside Deviation | 0.5694 | |||
| Coefficient Of Variation | 940.57 | |||
| Standard Deviation | 0.5313 | |||
| Variance | 0.2823 | |||
| Information Ratio | (0.14) | |||
| Jensen Alpha | 0.0423 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.13) | |||
| Treynor Ratio | 1.35 | |||
| Maximum Drawdown | 3.74 | |||
| Value At Risk | (0.66) | |||
| Potential Upside | 0.7883 | |||
| Downside Variance | 0.3242 | |||
| Semi Variance | 0.1709 | |||
| Expected Short fall | (0.34) | |||
| Skewness | 0.1372 | |||
| Kurtosis | 5.38 |
Consider Algonquin Power's intraday indicators
Algonquin Power intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Algonquin Power stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Algonquin Power Corporate Filings
6K | 7th of November 2024 A report filed by foreign private issuers with SEC. A foreign private issuer is a non-U.S. company with securities traded on U.S. exchanges. | ViewVerify |
| 28th of June 2024 Other Reports | ViewVerify | |
| 17th of June 2024 Other Reports | ViewVerify | |
13A | 8th of May 2024 An amended filing to the original Schedule 13G | ViewVerify |
Algonquin Stock media impact
Far too much social signal, news, headlines, and media speculation about Algonquin Power that are available to investors today. That information is available publicly through Algonquin media outlets and privately through word of mouth or via Algonquin internal channels. However, regardless of the origin, that massive amount of Algonquin data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Algonquin Power news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Algonquin Power relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Algonquin Power's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Algonquin Power alpha.
Algonquin Power Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Algonquin Power can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Algonquin Power Corporate Management
| David Laney | Independent Director | Profile | |
| George Trisic | Chief Governance Officer, Corporate Secretary | Profile | |
| Dilek Samil | Independent Director | Profile | |
| Jennifer Tindale | Chief Legal Officer | Profile | |
| Mary Paravalos | Chief Compliance and Risk Officer | Profile |
Already Invested in Algonquin Power Utilities?
The danger of trading Algonquin Power Utilities is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Algonquin Power is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Algonquin Power. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Algonquin Power Utilities is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Algonquin Power Utilities offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Algonquin Power's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Algonquin Power Utilities Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Algonquin Power Utilities Stock: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Algonquin Power Utilities. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Is Electric Utilities space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Algonquin Power. If investors know Algonquin will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Algonquin Power listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Algonquin Power Utilities is measured differently than its book value, which is the value of Algonquin that is recorded on the company's balance sheet. Investors also form their own opinion of Algonquin Power's value that differs from its market value or its book value, called intrinsic value, which is Algonquin Power's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Algonquin Power's market value can be influenced by many factors that don't directly affect Algonquin Power's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
In summary, please note that there is a difference between Algonquin Power's value and its price, as these two are different measures arrived at by various means. Investors typically determine if Algonquin Power is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Algonquin Power's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.