AQN Forecast


Bullish Case: AQN's new leadership and strategic refocus on regulated utilities may streamline operations and drive profitability. Institutional buying and ongoing investments reinforce this sentiment.


Bearish Case: AQN has underperformed with significant price drops and losses. Continued transition risks, sector volatility, and high debt-to-equity ratio suggest potential for ongoing weakness.


Potential Outcomes: 40% chance of successful CEO-led turnaround, 30% continued underperformance due to sector risks, 20% potential market-driven recovery, 10% sideways movement due to mixed market sentiment.


Trading Oracle: Consider ATM put credit spreads expiring October 2024, betting on modest upside or stability due to mean-reversion and new leadership. This approach leverages implied volatility premium capture with a positive reward:risk ratio and high probability of profit.


July 02, 2024


Algonquin Power & Utilities Forecast

AQN      Algonquin Power & Utilities











Correlated Assets

Assets that tend to move strongly with AQN



VFC Forecast + Options Trading Strategies   VFC  VF (0.34)


LI Forecast + Options Trading Strategies   LI  Li Auto (0.27)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.2)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.12)



Uncorrelated Assets

Assets with little price relationship to AQN



ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.12)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.2)


LI Forecast + Options Trading Strategies   LI  Li Auto (0.27)


VFC Forecast + Options Trading Strategies   VFC  VF (0.34)



Anticorrelated Assets

Assets that tend to move strongly against AQN



VFC Forecast + Options Trading Strategies   VFC  VF (0.34)


LI Forecast + Options Trading Strategies   LI  Li Auto (0.27)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.2)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.12)





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