Algonquin Power & Utilities (AQN) Upgraded by Analyst

Core Insights - Algonquin Power & Utilities Corp. (NYSE:AQN) is recognized as one of the 10 Best Performing Utility Stocks in 2025 [1] - National Bank has upgraded Algonquin Power & Utilities from 'Sector Perform' to 'Outperform', raising the price target from $7 to $7.50, indicating a potential upside of nearly 16% [3] - The upgrade is based on anticipated catalysts for growth, including multiple rate cases expected to be approved, projecting EPS growth of approximately 10% YoY in 2026 and over 20% in 2027 [4] Company Overview - Algonquin Power & Utilities provides natural gas, water, and electricity generation, transmission, and distribution services to over 1 million customer connections, primarily in North America [2] Financial Projections - The analyst forecasts seven active rate cases with total revenue requests of approximately $280 million, expected to be approved and implemented this year [4] - As these rate cases are implemented, Algonquin is expected to align its valuation and return on equity with its peers [4]