
Group 1 - RBC Capital Markets raised the target price for Algonquin Power & Utilities Corp. from $6 to $6.50 while maintaining a "market perform" rating [1] - The company's new "Back to Basics" strategy outlines earnings per share targets before 2027, predicting an 8.5% return on equity and approximately 5% compound annual growth rate [1] - The strategic presentation by Algonquin Power's management exceeded investor expectations, particularly regarding the guidance for the company's outlook before 2027, leading to a nearly 16% stock price increase on June 3 [1] Group 2 - Algonquin Power's "Back to Basics" plan is a key initiative to strengthen its financial foundation and achieve stable growth in the coming years [2] - The company, headquartered in Oakville, Canada, focuses on regulated operations in electricity, water, wastewater, and natural gas systems [2]