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CIBC Cuts Algonquin Power & Utilities Corp. (AQN) Target to $6.25 After 2027 Earnings Outlook Reset
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Algonquin Power & Utilities Corp. (NYSE:AQN) is one of the best Robinhood stocks on this list. TheFly reported on March 10 that CIBC analyst Mark Jarvi lowered the price target for AQN from $6.50 to $6.25 while keeping a Neutral rating. The change comes after the business unexpectedly lowered its earnings projection for 2027 because of an increased tax burden. Jarvi pointed out that despite operational advancements, this disclosure has undermined investor trust and masked the company's continuous progress on rate case activities, underscoring Algonquin's difficulties. Additionally, Algonquin Power & Utilities Corp. (NYSE:AQN) reported adjusted net earnings of $47.2 million ($0.06 per share) and net earnings of $29.4 million ($0.04 per share) for the fourth quarter of 2025 on March 6. With adjusted net earnings of $258.8 million ($0.34 per share), net earnings for the entire year came to $208.0 million ($0.27 per share). For the entire year, the Regulated Services Group contributed $351.0 million, including $73.6 million in Q4. By retiring almost $1.6 billion in debt, AQN improved its financial sheet and advanced regulatory goals. The leadership forecast disciplined capital investments to maintain 5%–6% compound annual growth rate through 2028 and reiterated the full-year 2026 adjusted EPS outlook. Algonquin Power & Utilities Corp. (NYSE:AQN) is a Canadian‑based regulated utility company delivering electricity, natural gas, water, and wastewater services to over 1.2 million customer connections across North America, Bermuda, and Chile through its Liberty Utilities and related subsidiaries. While we acknowledge the potential of AQN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years. Disclosure: None. Follow Insider Monkey on Google News.
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