How to Buy Algonquin Power & Utilities Stock
Algonquin Power & Utilities Corp
Algonquin Power & Utilities is a renewable energy company located in Ontario, Canada, which is part of the Utilities sector, and is traded under the ticker AQN on the NYSE exchange.
Algonquin Power & Utilities stock last closed at $5.84, up 1.39% from the previous day, and has decreased 27.54% in one year. It has underperformed other stocks in the Utilities - Renewable industry by 0.25 percentage points. Algonquin Power & Utilities stock is currently +19.18% from its 52-week low of $4.90, and -36.11% from its 52-week high of $9.14.
There are currently 689.27M AQN shares outstanding. The market cap of AQN is $4.03B. In the past 24 hours, 3.6M AQN shares were traded.
How to Buy Algonquin Power & Utilities Stock
Wondering how to invest in Algonquin Power & Utilities stock? Here's how.
- Figure out where to buy Algonquin Power & Utilities stock: You need to decide on a stock brokerage, but don't worry - we've tested dozens of stock brokerages and apps to help you choose where to buy Algonquin Power & Utilities stock.
- Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Deposit money your investment account: Choose your method of payment and add your info.
- Research Algonquin Power & Utilities stock: The Algonquin Power & Utilities ticker symbol is AQN. Is Algonquin Power & Utilities stock a good investment? Should you buy shares of AQN? How do AQN's underlying business fundamentals look? Do top analysts think Algonquin Power & Utilities is a good buy? Why has AQN's stock price moved recently? (Hint: Our stock market analysis website can help you figure out if AQN is a good stock to buy).
- Place your AQN trade: Decide if you will purchase AQN shares at the current market price or use a limit order to buy AQN shares at a given price.
- Track your AQN investment: Create a watchlist to watch your position in Algonquin Power & Utilities shares.
Step 1: Figure out where to buy Algonquin Power & Utilities stock
You will need a brokerage account to access the NYSE market and buy AQN stock.
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Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've chosen the best brokerage, you need to fill out some personal info so you are able to buy AQN stock today.
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Step 3: Deposit money your investment account
Now that you've finished signing up on one of the most highly reviewed stock trading apps, you can securely and quickly fund your account:
Watch the tutorial below for more details depositing funds into your brokerage account.
Step 4: Research Algonquin Power & Utilities stock
After you have decided on the best place to buy Algonquin Power & Utilities stock, it's crucial to research their stock prior to investing, so you can understand the risk as well as the upside.
Algonquin Power & Utilities Metrics
Fundamentals of Algonquin Power & Utilities
WallStreetZen was created to help part-time investors perform more in-depth fundamental analysis quickly.
You can see all of the due diligence checks on AQN's stock page.
Is AQN stock undervalued or overvalued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge AQN's fair value.
Using relative valuations metrics:
- AQN could be overvalued based on its P/E ratio of 194.67x, relative to Utilities - Renewable industry P/E ratio of 30.85x
- AQN may be undervalued based on its P/B ratio of 0.8x, relative to Utilities - Renewable industry P/B ratio of 2.52x
- AQN may be undervalued based on its PEG ratio of 0.09x
You can do additional valuation research on AQN's stock here.
AQN Financial Health Summary
Positive Financial Indicators:
- AQN profit margin has gone up from -8% to 0.8% in the past year.
Negative Financial Indicators:
- AQN has cash burn of 398137000. It does not have sufficient cash and short-term investments to cover this.
- There are more long-term liabilities than short-term assets on the AQN balance sheet.
- Total AQN debt is higher than 5 years ago, relative to shareholder equity.
- AQN has a relatively high debt to equity ratio of 2.33.
- AQN has $56.14M in cash and short term investments. This is not sufficient to cover its annual cash burn of $398.14M.
- There are more short-term liabilities than short-term assets on the AQN balance sheet.
Is it a good time to buy Algonquin Power & Utilities stock, according to Wall Street analysts?
Out of 2 Wall Street analysts who track AQN, the consensus analyst rating on Algonquin Power & Utilities is a Buy
Please keep in mind that analyst ratings are not stock recommendations, nor are they investment advice.
You can dig deeper into what analysts are projecting on the Algonquin Power & Utilities stock forecast page.
Metrics for Advanced AQN Traders
AQN Earnings
Last year, AQN earnings were $20.32M. Over the last five year, AQN's earnings have gone up by -39.82% per year. This was slower than the Utilities - Renewable industry average of 3.17%.
Last year, AQN revenue was $2.70B. During the past five year, AQN's revenue has grown by 10.36% per year. This was slower than the Utilities - Renewable industry average of 10.38%.
Dive into AQN's earnings and revenue performance here.
Who is buying/selling AQN?
Over the past 12 months, executives and large shareholders at AQN have not bought or sold any shares.
Get more info about who owns AQN stock here.
Can I get consistent income from AQN stock?
Algonquin Power & Utilities pays a dividend of 7.43%, compared to the Utilities - Renewable industry's average dividend yield of 5.13%. If you owned $1,000 of AQN stock, you would have been paid $74.32 in the past 12 months.
Algonquin Power & Utilities dividend payments have consistently grown over the past decade but have not remained stable.
Dig into more data about Algonquin Power & Utilities dividend yield and history here.
AQN Social Trading Data
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Step 5: Place your AQN trade
There are two primary types of orders:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are generally fine for most investors. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at a specific dollar amount limit, place a limit order.
Hit the Open Trade button and your broker will execute the order.
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Step 6: Track your AQN investment
Now that you own some shares in AQN, you'll want to keep up with your new company.
Put AQN on a watchlist to keep track of your AQN stock.
AQN Feed
How to Buy Stock in Algonquin Power & Utilities
To summarize, here are the 6 steps you need to take to buy Algonquin Power & Utilities stock right now:
- Figure out where to buy Algonquin Power & Utilities stock
- Sign up for your brokerage account
- Deposit money your investment account
- Research Algonquin Power & Utilities stock
- Place your AQN trade
- Track your AQN investment
If you require a online brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you want to keep track of your investment in Algonquin Power & Utilities, create a watchlist on WallStreetZen today.
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