Algonquin Power & Utilities traded at 7.94 this Friday May 15th, decreasing 0.13 or 1.61 percent since the previous trading session. Looking back, over the last four weeks, Algonquin Power & Utilities lost 9.67 percent. Over the last 12 months, its price rose by 1.66 percent. Looking ahead, we forecast Algonquin Power & Utilities to be priced at 7.77 by the end of this quarter and at 7.30 in one year, according to Trading Economics global macro models projections and analysts expectations.
Algonquin Power & Utilities Corp is a Canada-based diversified generation, transmission and distribution utility company. Through its business groups, the Company provides rate regulated natural gas, water, and electricity generation, transmission, and distribution utility services to over 750,000 customers in the United States. Furthermore, the Company is engaged in the generation of clean energy through its portfolio of long term contracted wind, solar and hydroelectric generating facilities representing more than 1,600 megawatts (MW) of installed capacity. The Company’s operating subsidiaries are Liberty Power and Liberty Utilities. Liberty Power owns a direct or indirect equity interest in more than 35 clean energy facilities. Liberty Utilities provides water, electricity, and gas utility services to communities across the United States.