Why Algonquin Power & Utilities Stock Flopped on Friday
It seemed as if someone had switched off the power supplying Algonquin Power & Utilities (NYSE: AQN) stock on the last trading day of the week. Investors aggressively sold out of the veteran utility's equity that day, as they were clearly disappointed by the company's 2027 guidance miss in its latest earnings report. The stock closed that trading session down more than 12%.
Well before market open on Friday, Algonquin took the wraps off its fourth-quarter and full-year 2025 results. For the three-month stretch, the utility's revenue was $630.7 million, representing year-over-year growth of almost 8%. Net income not under generally accepted accounting principles (GAAP) rose more steeply, increasing by 11% to $47.2 million ($0.06 per share).
Image source: Getty Images.
Source Fool.com
