Algonquin Power & Utilities Corp.

AQN

CA0158571053

Multiline Utilities

Market Closed - Toronto S.E. Other stock markets 16:00:00 2024-05-23 EDT			5-day change	1st Jan Change
8.94 ^CAD	-1.22%		-1.32%	+6.94%

05-13	Algonquin Power & Utilities Sector Perform Rating, US$7.00 Price Target Retained by RBC Capital Markets	MT
05-13	Wells Fargo Adjusts Price Target on Algonquin Power & Utilities to $8.50 From $8, Keeps Overweight Rating	MT

Algonquin Power & Utilities Corp. Reports Earnings Results for the First Quarter Ended March 31, 2024

May 10, 2024 at 06:52 am

Algonquin Power & Utilities Corp. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was USD 709.41 million compared to USD 753.25 million a year ago.

Revenue was USD 737.1 million compared to USD 778.63 million a year ago. Net loss was USD 89.15 million compared to net income of USD 270.14 million a year ago. Basic loss per share from continuing operations was USD 0.13 compared to basic earnings per share from continuing operations of USD 0.39 a year ago.

Diluted loss per share from continuing operations was USD 0.13 compared to diluted earnings per share from continuing operations of USD 0.39 a year ago.

Latest news about Algonquin Power & Utilities Corp.

Algonquin Power & Utilities Sector Perform Rating, US$7.00 Price Target Retained by RBC Capital Markets	05-13	MT
Wells Fargo Adjusts Price Target on Algonquin Power & Utilities to $8.50 From $8, Keeps Overweight Rating	05-13	MT
News Highlights : Top Energy News of the Day - Monday at 7 AM ET	05-13	DJ
Sector Update: Energy Stocks Decline in Late Friday Afternoon Trading	05-10	MT
Toronto Stocks Unchanged, Transat Shares Down on Weaker Margin Outlook	05-10	DJ
Transcript : Algonquin Power & Utilities Corp., Q1 2024 Earnings Call, May 10, 2024	05-10
Algonquin Power & Utilities Posts 20% Decline in Adjusted Net Earnings, Names CEO	05-10	MT
Futures Rebound Pre-Bell Ahead of Earnings, Next Week's Inflation Reports; Asia, Europe Gain	05-10	MT
Algonquin Power & Utilities' Q1 Adjusted Earnings, Revenue Decline; CEO Named	05-10	MT
Algonquin Brief: Q1 Adjusted Net Earnings of US$95.6 million, a decrease of 20%	05-10	MT
Algonquin Brief: Huskilson, who has been Interim CEO since August 2023, will continue as a member of the Board	05-10	MT
Algonquin Brief: Says Has appointed Chris Huskilson as Chief Executive Officer with immediate effect	05-10	MT
Algonquin Brief: Q1 Adjusted Net Earnings per common share of US$0.14, a decrease of 18%, in each case on a year-over-year basis	05-10	MT
Algonquin Power & Utilities Corp. Reports Earnings Results for the First Quarter Ended March 31, 2024	05-10	CI
Algonquin Power names interim CEO Huskilson as top boss	05-10	RE
Algonquin Power & Utilities Corp. Declares Common Share Dividend for the Period from April 1, 2024 to June 30, 2024, Payable on July 15, 2024	05-10	CI
Algonquin Power & Utilities Retains "Sector Perform" Rating From RBC Amid Potential Sale of Atlantica Subsidiary	05-03	MT
Algonquin Power & Utilities Corp.(TSX:AQN.PRA) added to S&P/TSX Preferred Share Index	04-21	CI
Toronto Stocks Advance; Algonquin Power Plans to Nominate Two to Board	04-19	DJ
Algonquin "Sector Perform" Rating, US$6.75 Price Target Confirmed by National Bank of Canada After Board Shakeup	04-19	MT
Algonquin Power & Utilities "Sector Perform" Rating, US$7 Price Target Confirmed by RBC Capital Markets After Board Changes	04-19	MT
Algonquin Brief: Following the Annual Meeting, Algonquin's Board will continue to be comprised of nine directors	04-18	MT
Algonquin Brief: Also Kenneth Moore, the Chair of the Board, Intends to retire Effective as of the Annual Meeting and He Will therefore Not Stand For Re-election	04-18	MT
Algonquin Brief: Starboard Owns Approximately 9.0% of Algonquin's Outstanding Common Shares	04-18	MT
Algonquin Brief: Starboard and the Co Also Entered Into a Non-disclosure Agreement for Purposes of Sharing Info and Having Talks Relating to Pursuit of a Sale of Co's Renewable Energy Business and Company's CEO Search	04-18	MT

Chart Algonquin Power & Utilities Corp.

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Company Profile

Algonquin Power & Utilities Corp. is a Canada-based diversified international generation, transmission, and distribution company. The Company through its two business groups, the Regulated Services Group, and the Renewable Energy Group, provides sustainable energy and water solutions through its portfolio of electric generation, transmission, and distribution utility investments to over one million customer connections, largely in the United States and Canada. The Company is engaged in renewable energy through its portfolio of long-term contracted wind, solar, and hydroelectric generating facilities. The Company owns, operates, and/or has net interests in over four gigawatts (GW) of installed renewable energy capacity. The Company is focused on its expanding global pipeline of renewable energy and electric transmission development projects, organic growth within its rate-regulated generation, distribution and transmission businesses, and the pursuit of accretive acquisitions.

Sector

Multiline Utilities

Calendar

2024-06-03 - Annual General Meeting

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Ratings for Algonquin Power & Utilities Corp.

Trading Rating

Investor Rating

ESG Refinitiv

B+

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Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

6.525 USD

Average target price

6.826 USD

Spread / Average Target

+4.61%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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