Algonquin Power & Utilities’ Investor Day Disappoints on EPS Outlook
Analysts at RBC capital believe that investors positively viewed the significant growth in the 5-year capital plan of Algonquin Power & Utilities Corp. (NYSE:AQN) during the investor day, but were disappointed by the 2022 and 5-year EPS outlook. Management released its 2022 EPS guidance range of $0.72-0.77, which compares to the consensus estimate of $0.78. Management noted that due to the above-average EPS growth in 2021, the 7-9% EPS CAGR in the 2022-26 period is consistent with the 8-10% EPS CAGR in the 2021-25 period.
The company rolled forward its 5-year capital plan, which totals $12.4 billion, up from last year's 5- year capital plan of $9.4 billion, which is higher than what the analysts expected given that $3.4 billion was already invested in the first nine months of 2021.
| Symbol | Price | %chg |
|---|---|---|
| BREN.JK | 9425 | -0.8 |
| PGEO.JK | 1285 | -1.56 |
| ADANIGREEN.BO | 1746.9 | 0 |
| ADANIGREEN.NS | 1747.05 | 0 |
Algonquin Power & Utilities’ Investor Day Disappoints on EPS Outlook
Analysts at RBC capital believe that investors positively viewed the significant growth in the 5-year capital plan of Algonquin Power & Utilities Corp. (NYSE:AQN) during the investor day, but were disappointed by the 2022 and 5-year EPS outlook. Management released its 2022 EPS guidance range of $0.72-0.77, which compares to the consensus estimate of $0.78. Management noted that due to the above-average EPS growth in 2021, the 7-9% EPS CAGR in the 2022-26 period is consistent with the 8-10% EPS CAGR in the 2021-25 period.
The company rolled forward its 5-year capital plan, which totals $12.4 billion, up from last year's 5- year capital plan of $9.4 billion, which is higher than what the analysts expected given that $3.4 billion was already invested in the first nine months of 2021.
