Algonquin Power & Utilities Corp. (AQN) Price Prediction 2026–2050

Algonquin Power & Utilities Corp. (AQN) operates in the power and utility industries. It owns and operates a portfolio of regulated electric, water distribution and wastewater collection, and natural gas utility systems and transmission operations.

As of December 31, 2025, it operated a portfolio of regulated utility systems in the United States, Canada, Bermuda, and Chile, serving approximately 1,272,000 customer connections. Its regulated electric distribution utility systems and related transmission and generation assets are located in Arkansas, California, Kansas, Missouri, Nevada, New Hampshire, and Oklahoma, as well as in Bermuda with approximately 311,000 electric customer connections. Its regulated water distribution and wastewater utility systems are located in Arizona, Arkansas, California, Illinois, Missouri, New York, and Texas, as well as in Chile with approximately 583,000 customer connections.

Its regulated natural gas distribution utility systems are located in Georgia, Illinois, Iowa, Massachusetts, Missouri, New Hampshire, and New York; and in the Canadian province of New Brunswick with approximately 378,000 natural gas customer connections. It also owns and operates generating assets with a gross capacity of approximately 2.0 gigawatt (GW) and has investments in generating assets with approximately 0.3 GW of net generation capacity. It generates and sells hydroelectric energy in Canada, and capacity and renewable attributes are produced by its portfolio of 14 hydroelectric power generation facilities located in the provinces of Alberta, Ontario, New Brunswick, and Quebec.

As of December 31, 2025, it had a combined gross generating capacity of approximately 112 megawatts (MW) and a combined net generating capacity of approximately 105 MW. The company was formerly known as Traduction Militech Translation Inc. in October 2009.

The company was incorporated in 1988 and is headquartered in Oakville, Canada.

Algonquin Power & Utilities Corp. is categorized in Utilities and trades under the ticker AQN. The stock currently trades at $5.45 and carries a market capitalization of $4.19B, with a rank of 1518.

This snapshot places the asset within a regulated utility framework with diversified electric, water, wastewater and natural gas utilities across multiple North American regions.

The price outlook is informed by a year-by-year forecast that shows an initial plateau in 2026, followed by a progressive rise in value through 2050, with substantial upside in later years. The current price context is supported by technical levels and volatility metrics that frame potential near-term movement.

The multi-year forecast lays out a steady-to-bullish trajectory from 2027 onward, with notable upside into the 2030s and beyond. The 2026 forecast projects an average price of $5.45 with a max of $6.61 and a neutral bias. By 2027, the average climbs to $6.35 and the max to $8.11, with a 16.4% ROI and a neutral sentiment.

From 2028 through 2035, the average price rises to the mid-teens by 2035 ($13.95 average) and the ROI climbs from 34% in 2028 to 156% in 2035. The forecast carries bullish momentum into the next decade, with 2040 showing an average of $18.87 and a max of $28.80, yielding a 246.3% ROI, and by 2050 an average of $31.99 with a max of $52.31, equating to a 486.9% ROI. Across these years, the sentiment is consistently listed as bullish from 2028 onward, reflecting the expected long-term growth trajectory.

Key milestones show the price supporting a progressively higher base each decade, even as the earliest years remain modest. The strongest upside appears in the 2040–2050 window, where the forecasted max values exceed $50 in 2050 and the average price approaches $32. These projections are estimates and not guarantees, and real-world performance will depend on market, regulatory, and macroeconomic factors.