Algonquin Power: A Failed Investment Thesis, Updated For 2025-2027E
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Algonquin Power has underperformed with a 50% decline, but its shift to a regulated utility could offer long-term upside. Despite a 4% yield and BBB rating, better-valued peers like Enel make AQN less attractive.
January 22, 2025 | 3:15 pm
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Algonquin Power has seen a 50% decline but is shifting to a regulated utility to stabilize operations. Despite a 4% yield and BBB rating, it is less attractive compared to peers like Enel.
Algonquin Power's significant underperformance and strategic shift to a regulated utility are key factors. The 4% yield and BBB rating provide some stability, but better-valued peers like Enel offer more attractive options, making AQN less appealing in the short term.
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IMPORTANCE 80
RELEVANCE 100