Algonquin Power & Utilities Corp. (AQNB): fair value, margin of safety and Wheel Score

Is AQNB undervalued?

Algonquin Power & Utilities Corp. (AQNB) closed at 25.57 on 5 Nov 2026, 68% above the GLS average fair value of 15.25. 6 of the 7 models that produced a number value the shares below the current price. A gap this wide usually means the market is paying for growth or a story the trailing numbers do not show yet; the models work from filed results, not forecasts, so they are conservative by design.

The 7 models disagree widely: GLS Growth gives 2.91 while Graham Growth gives 50.02. A spread that wide means the average is sensitive to which methods you trust; the model table below shows where each one lands, and the Quote page lets you switch any of them off.

Ranked against every other company we cover, neither cheapness nor growth clearly wins for AQNB, so the nightly engine files it under Blend (value score 38, growth score 36, out of 100). It also carries the Income tag (Income = a dividend yield of 4% or more).

Nine valuation models for AQNB

Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.

Quality and financial health

On financial health AQNB scores 7/9 (Piotroski): most of the nine tests - positive earnings and cash flow, falling debt, rising margins and turnover - are passed, which is the kind of balance sheet a wheel trader is happy to be assigned. The GLS Moat score is low at 4.3 out of 10: returns on capital, margins or the balance sheet have not shown a lasting edge yet - often a young company, a thin-margin business or one that has only recently turned profitable.

Returns on capital are thin or negative - ROIC 1.7%, ROE 4.0%, ROA 1.3% - with debt at 1.41 times equity and negative free cash flow.

The dividend yield is high at 4.58% (payout ratio 142%) - a payout above 100% of earnings, which is not covered by profits. A yield this size is often the market's way of pricing a risk to the payout, so the health score and cash flow matter more than usual.

Institutional ownership scores 1/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.

Wheel Score 21: No options

AQNB has no listed options in the nightly snapshot, so there is nothing to sell and the stock cannot be wheeled however good the business. It fails the first Wheel Trade Filter (options that actually trade), so the score stays under 70 and is shown as "No options" (21 here). The valuation and quality numbers still apply to owning the shares outright.

Volume runs at 13k shares a day on a market cap of $18.8B, with a beta of 0.17 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score rates that good.

The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.

Upcoming events

No upcoming earnings date is recorded for AQNB in the nightly calendar.

Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.

Similar stocks in Diversified Utilities

The 9 companies below are the closest to Algonquin Power & Utilities Corp. by market cap within the Diversified Utilities industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.

⚖ Compare AQNB with 7 of them   All Utilities stocks →