Taking this into account, A number of analysts have revised their coverage, including Janney’s analysts, who began to cover the stock in early September with a ‘”a Neutral”‘ rating. Wells Fargo also remained covering AQN and has decreased its forecast on August 12, 2024 with a “an Equal weight” recommendation from previously “an Overweight” rating. Raymond James revised its rating on August 12, 2024. It rated AQN as “a Mkt perform” which previously was an “an Outperform”.
Price Performance Review of AQN
On Tuesday, Algonquin Power & Utilities Corp [NYSE:AQN] saw its stock jump 15.83% to $6.22. Over the last five days, the stock has gained 10.87%. Algonquin Power & Utilities Corp shares have risen nearly 39.78% since the year began. Nevertheless, the stocks have fallen -0.64% over the past one year. While a 52-week high of $6.37 was reached on 06/03/25, a 52-week low of $4.19 was recorded on 01/13/25. SMA at 50 days reached $5.33, while 200 days put it at $5.00.
Levels Of Support And Resistance For AQN Stock
The 24-hour chart illustrates a support level at 5.71, which if violated will result in even more drops to 5.19. On the upside, there is a resistance level at 6.49. A further resistance level may holdings at 6.75. The Relative Strength Index (RSI) on the 14-day chart is 68.93, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 2.16%. Stochastics %K at 43.26% indicates the stock is a holding.
How much short interest is there in Algonquin Power & Utilities Corp?
A steep rise in short interest was recorded in Algonquin Power & Utilities Corp stocks on 2025-05-15, dropping by -2.03 million shares to a total of 24.23 million shares. Yahoo Finance data shows the prior-month short interest on 2025-04-15 was 26.26 million shares. There was a decline of -8.38%, which implies that there is a negative sentiment for the stock.
