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Posted by
Two Blokes Jul 2 -
Filed in
Stock
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4 views
Initiate Strong Buy on Algonquin Power & Utilities with $10 PT, citing mispriced transition to a pure-play, rate-regulated utility and accelerated deleveraging. Regulatory wins and rate base expansion drive visible, recurring earnings growth; consensus underestimates compounding effect and cash flow resiliency post-renewables divestiture. Valuation at 4.35x fwd EV/Sales is a deep discount to peers and justified 5.3x multiple, offering 75% upside as the market re-rates the new regulated model.
