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Desjardins Reaffirms Their Buy Rating on Algonquin Power & Utilities (AQN)

Tipranks - Tipranks - Tue Mar 10, 2:26PM CDT

In a report released today, Brent Stadler from Desjardins maintained a Buy rating on Algonquin Power & Utilities, with a price target of $7.00.

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According to TipRanks, Stadler is an analyst with an average return of -0.9% and a 39.02% success rate. Stadler covers the Utilities sector, focusing on stocks such as Emera, TransAlta, and Capital Power.

In addition to Desjardins, Algonquin Power & Utilities also received a Buy from Raymond James’s Theophilos Genzebu in a report issued today. However, on the same day, TD Cowen reiterated a Hold rating on Algonquin Power & Utilities (NYSE: AQN).

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Based on Algonquin Power & Utilities’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of C$582.7 million and a net profit of C$38.9 million. In comparison, last year the company earned a revenue of C$573.2 million and had a GAAP net loss of C$1.31 billion

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