Algonquin Power & Utilities (AQN) shares were up more than 13% in recent Tuesday trading after the company released its financial outlook for 2025 to 2027.
The outlook included an earned return on equity to reach about 8.5% by 2027 and operating expenses as a percent of revenue to improve by 5% to 7% by the end of 2027, the company said.
Algonquin also said it expects no need for equity issuance through 2027 while maintaining its BBB investment grade ratings.
Trading volume stood at over 33 million shares against a daily average of roughly 13 million.
Price: 6.12, Change: +0.75, Percent Change: +13.98
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