AQN stock: buy or sell?

AQN stock price: $13.40 6.18% At close on March 31st, 2020

Updated on:
March 31st, 2020

2

Algonquin Power & Utilities climbed an amazing 6.18% and closed at $13.40. On Mar 23rd AQN plunged a dreadful -17.30%.

Algonquin Power & Utilities Corp., through its subsidiaries, engages in the generation, transmission, and distribution of utility assets in North America.

Should I buy AQN stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Having a trading strategy helps to make decisions easier, quicker and with less hesitations. At Stocks2.com, we use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

None of our preferred buy setups matches with Algonquin Power & Utilities stock situation right now, hence this is not a suitable entry point.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This is not a selling recommendation at all, just it's not the best moment to buy if you follow any of these trading strategies.

Is Algonquin Power & Utilities stock a buy?

Everyday, hundreds of stock ratings are published by financial analysts to indicate a particular stock's attractiveness. Unfortunately, we couldn't find any rating for AQN stock for the last 30 days.

AQN stock analysis

Daily outlook

Algonquin Power & Utilities climbed an amazing 6.18% and closed at $13.40.

Algonquin Power & Utilities ended today at $13.40 and climbed an amazing 6.18%. Since price and SMA200d lines crossed down on March/12, AQN fell $-0.10 per share (-0.74%). On February 21st, AQN hit new all time highs, pushing higher previous ATH of $16.45 recorded on Feb/18. New ATHs are usual entry points for many trading setups as there aren't higher resistences.

AQN stock chart (daily)

Weekly outlook

Algonquin Power & Utilities ended this week at $13.40 and skyrocketed a super good 8.24%. By mid March AQN collapsed a chilling -16.28% in just one week.

Not so far away is the last all-time high Algonquin Power & Utilities marked by mid February, but since then it dropped a 19.57%. Since price and 40-weeks moving average lines crossed down early March, AQN fell $-2.89 per share (-17.74%). Trading stocks that are under the 40-weeks (that is, 200-days) moving average line is not recommended by many experts, as it indicates that the stock has not enough institutional support.

AQN stock chart (weekly)

AQN stock price history

AQN IPO was on December 12th, 2007 at $0.30 per share1. Since then, AQN stock grew a 4,366.70%, with an average of 363.90% per year. If you had invested right after AQN's IPO a $1,000 in AQN stock in 2007, it would worth $43,667.00 today.

1: Adjusted price after possible price splits or reverse-splits.

AQN stock historical price chart

AQN stock reached all-time highs on Feb/21 with a price of $16.66.

AQN stock price target

Nobody can reliably foresee how stock prices may evolve in the future. However, many stock price predictions are published every day by banks, financial institutions and independent analysts. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. For the last month we have not found any price target for Algonquin Power & Utilities stock by any trusted analyst.

Financials and fundamental analysis

Earnings date and Earnings per Share

, Algonquin Power & Utilities presented its financial report, posting a good gain for the Earnings per Share (EPS). Analyst were expecting $0.13 per share, but Algonquin Power & Utilities posted $0.14.
AQN earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q1-n/a0.18n/a
2017-Q2-n/a0.11n/a
2017-Q3-n/a0.15n/a
2017-Q42018-03-010.120.1633.3%
2018-Q12018-05-100.20.3260.0%
2018-Q22018-08-090.090.1122.2%
2018-Q32018-11-080.10.10.0%
2018-Q42019-02-280.130.147.7%
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a

Annual financial results

In 2018, Algonquin Power & Utilities annual sales soared a pretty good 8.24% to $1,647.39 million dollars from $1,521.94 marked in 2017. However, its earnings margin (compared to sales) gained to 11.23%, that is $184.99 million.

AQN annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$675 M-$62 M9.2%-
2014$813 M20.36%$65 M8.0%4.66%
2015$741 M-8.87%$85 M11.4%29.82%
2016$815 M10.09%$97 M11.9%15.06%
2017$1,522 M86.64%$149 M9.8%53.46%
2018$1,647 M8.24%$185 M11.2%23.76%

Quarterly financial results

Algonquin Power & Utilities reported $419.86 million in revenues for 2018-Q4, a 14.57% improvement compared to previous quarter. Reported quarter earnings marked $44.00 M with a profit margin of 10.48%. Profit margin fell a -5.33% compared to previous quarter when profit margin was 15.81%. When comparing turnover to same quarter last year, Algonquin Power & Utilities sales marked a shocking correction and dropped a -8.79%. Looking back to recent quarterly results, Algonquin Power & Utilities posted 2 positive quarters in a row.
AQN quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q1$560 M-$26 M4.6%-
2017-Q2$455 M-18.85%$48 M10.5%83.82%
2017-Q3$357 M-21.39%$48 M13.4%0.41%
2017-Q4$460 M28.82%$51 M11.1%6.95%
2018-Q1$495 M7.49%$18 M3.6%-65.66%
2018-Q2$366 M-25.99%$65 M17.9%271.99%
2018-Q3$366 M0.06%$58 M15.8%-11.51%
2018-Q4$420 M14.57%$44 M10.5%-24.05%

Algonquin Power & Utilities ownership

When you are planning to buy shares of a company, it's worth to overview its ownership structure.

Algonquin Power & Utilities shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 0.37% of all shares.

In case of Algonquin Power & Utilities stock, 49.46% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for AQN stock account 0.00%, no big difference from last month.

For a better context understanding, the next table shows ownership data compared to other related stocks:

AQN
Market cap$7.0 B
Total shares525.9 M
Float shares521.3 M
  - Institutional holdings (%)49.5%
  - Insider holdings (%)0.4%
Shares in short selling0.0%

AQN summary

Tuesday, March 31st, 2020
Open$12.50
Close$13.40
Day range$12.50 - $13.50
Previous close$12.62
Session gain6.18%
Average true range$1.40
50d mov avg$14.47
100d mov avg$14.13
200d mov avg$13.41
Daily pattern
Weekly pattern

Algonquin Power & Utilities performance

Stocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. For Algonquin Power & Utilities, the benchmark is made against .
Stock3m6m12m
AQNAlgonquin Power &...-4.08%-1.83%22.94%

Algonquin Power & Utilities competitors

Unfortunately, we could not find any public company that could be defined as Algonquin Power & Utilities competitor. This doesn't mean Algonquin Power & Utilities does not have any competitor in the market, it's just we could not detected it.