Algonquin Power: Q2 2026 Shows The Potential Upside

Algonquin Power is transitioning from renewables to a more stable, regulated utility model, reducing risk and improving cash flow predictability. AQN's valuation has declined, enhancing entry attractiveness with a >4.5% yield, BBB rating, and improved debt fundamentals; I maintain a buy rating. The company's planned US redomiciling may unlock higher multiples, improve capital market access, and support my 16-18x P/E target.