TSX:AQN Stock Forecast

Stock Price Forecast

According to 12 analysts polled by S&P Global, TSX:AQN stock has a consensus rating of "Hold" and an average price target of $9.73. The average 1-year stock price forecast is 21.17% higher than the current stock price, while the lowest is $9.25 (+15.19%) and the highest is $9.98 (+24.28%).

Price Target: $9.73 (+21.17%)

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$9.25	$9.73	$9.97	$9.98
Change	+15.19%	+21.17%	+24.16%	+24.28%

Analyst Ratings

The average analyst rating for TSX:AQN stock is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Feb '26	Mar '26	Apr '26	May '26	Jun '26	Jul '26
Strong Buy	0	0	0	0	0	0
Buy	3	4	5	5	5	5
Hold	7	6	6	7	7	7
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	10	10	11	12	12	12

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Michael Lonegan Barclays	Barclays	Buy Maintains $9.95	Buy	Maintains	$9.95	+23.95%	Jul 1, 2026
Shahriar Pourreza Wells Fargo	Wells Fargo	Hold Initiates $9.95	Hold	Initiates	$9.95	+23.95%	May 11, 2026
Benjamin Pham BMO Capital	BMO Capital	Hold Maintains $9.24	Hold	Maintains	$9.24	+15.10%	May 11, 2026
Mark Jarvi CIBC	CIBC	Hold Maintains $9.24	Hold	Maintains	$9.24	+15.10%	May 11, 2026
Robert Hope Scotiabank	Scotiabank	Buy Maintains $9.95	Buy	Maintains	$9.95	+23.95%	May 11, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

2.65B

from 2.43B

9.09%

from 2.43B

Revenue Next Year

2.74B

from 2.65B

3.27%

from 2.65B

EPS This Year

0.36

from 0.34

4.63%

from 0.34

EPS Next Year

0.40

from 0.36

12.58%

from 0.36

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	2.27B	2.77B	2.40B	2.32B	2.43B	2.65B
Revenue Growth	35.61%	21.58%	-13.06%	-3.51%	4.92%	9.09%
Net Income	264.86M	-211.99M	28.67M	-1.38B	180.80M	263.43M
EPS	-	-	-	-	0.34	0.36
EPS Growth	-	-	-	-	13.33%	4.63%
Forward PE	18.76	9.19	11.35	13.64	19.28	15.97
Dividend / Share	0.67	0.71	0.43	0.35	0.26	0.26
Dividend Growth	-	6.91%	-39.13%	-20.05%	-25.07%	-
Free Cash Flow	-839.01M	-604.30M	-617.57M	-531.49M	-451.74M	128.00M
FFO	-	-	-	-	-	925.00M
No. Analysts	-	-	-	-	-	7

EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Revenue	2026	2027	2028
High	2.8B
Avg	2.7B
Low	2.5B

Revenue Growth

Revenue Growth	2026	2027	2028
High	15.7%
Avg	9.1%
Low	4.6%

EPS Forecast

EPS	2026	2027	2028
High	0.37
Avg	0.36
Low	0.34

EPS Growth

EPS Growth	2026	2027	2028
High	8.8%
Avg	4.6%
Low	-