Analysis and predictions AQN vs NEP
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To compare these two companies we present long-term analysis, their fundamental ratings and make comparative short-term technical analysis which are presented below. The conclusion is AQN is a Buy and NEP is a Hold.
Long-Term Analysis
It is best to consider a long-term outlook for a ticker by using Fundamental Analysis (FA) ratings. The rating of 1 to 100, where 1 is best and 100 is worst, is divided into thirds. The first third (a green rating of 1-33) indicates that the ticker is undervalued; the second third (a grey number between 34 and 66) means that the ticker is valued fairly; and the last third (red number of 67 to 100) reflects that the ticker is undervalued. We use an FA Score to show how many ratings show the ticker to be undervalued (green) or overvalued (red).
AQN’s FA Score shows that 1 FA rating(s) are green whileNEP’s FA Score has 2 green FA rating(s).
- AQN’s FA Score: 1 green, 4 red.
- NEP’s FA Score: 2 green, 3 red.
Short-Term Analysis
It is best to consider a short-term outlook for a ticker by using Technical Analysis (TA) indicators. We use Odds of Success as the percentage of outcomes which confirm successful trade signals in the past.
If the Odds of Success (the likelihood of the continuation of a trend) for each indicator are greater than 50%, then the generated signal is confirmed. A green percentage from 90% to 51% indicates that the ticker is in a bullish trend. A red percentage from 90% - 51% indicates that the ticker is in a bearish trend. All grey percentages are below 50% and are considered not to confirm the trend signal.
AQN’s TA Score shows that 5 TA indicator(s) are bullish while NEP’s TA Score has 6 bullish TA indicator(s).
- AQN’s TA Score: 5 bullish, 4 bearish.
- NEP’s TA Score: 6 bullish, 3 bearish.
Price Growth
AQN (@Alternative Power Generation) experienced а +6.86% price change this week, while NEP (@Alternative Power Generation) price change was +6.84% for the same time period.
The average weekly price growth across all stocks in the @Alternative Power Generation industry was +0.46%. For the same industry, the average monthly price growth was -1.12%, and the average quarterly price growth was +118.12%.
Reported Earning Dates
AQN is expected to report earnings on Aug 08, 2024.
NEP is expected to report earnings on Jul 25, 2024.
Industries' Descriptions
@Alternative Power Generation (+0.46% weekly)The alternative power generation industry consists of companies that operate power facilities converting non-conventional forms of energy into electricity. These energy forms are alternatives to fossil fuels, and many of them are derived from natural resources. Alternative energy forms include solar, wind, hydro, and geothermal steam. A major purpose behind using alternative energy – also called ‘clean’ energy - is to address concerns related to the more conventional fossil fuels, such as the latter’s high carbon dioxide emissions which is often considered a factor in global warming. Alternative power generation has been gaining traction in recent years, and could grow further in the future. Large organizations like Google have invested substantially in wind and solar energy-powered electricity. Some of the prominent U.S. companies operating in the alternative power generation industry includes Ormat Technologies, Inc., TerraForm Power, Inc. and NextEra Energy Partners LP.
| AQN | NEP | AQN / NEP | |
| Capitalization | 4.3B | 2.77B | 155% |
| EBITDA | 719M | 772M | 93% |
| Gain YTD | 5.380 | 4.685 | 115% |
| P/E Ratio | 207.00 | 87.12 | 238% |
| Revenue | 2.7B | 1.08B | 250% |
| Total Cash | 56.1M | 274M | 20% |
| Total Debt | 8.52B | 6.29B | 135% |
AQN | NEP | ||
|---|---|---|---|
OUTLOOK RATING 1..100 | 22 | 16 | |
VALUATION overvalued / fair valued / undervalued 1..100 | 21 Undervalued | 4 Undervalued | |
PROFIT vs RISK RATING 1..100 | 100 | 100 | |
SMR RATING 1..100 | 89 | 83 | |
PRICE GROWTH RATING 1..100 | 49 | 53 | |
P/E GROWTH RATING 1..100 | 53 | 19 | |
SEASONALITY SCORE 1..100 | 50 | 14 |
Tickeron ratings are formulated such that a rating of 1 designates the most successful stocks in a given industry, while a rating of 100 points to the least successful stocks for that industry.
NEP's Valuation (4) in the Alternative Power Generation industry is in the same range as AQN (21) in the Electric Utilities industry. This means that NEP’s stock grew similarly to AQN’s over the last 12 months.
NEP's Profit vs Risk Rating (100) in the Alternative Power Generation industry is in the same range as AQN (100) in the Electric Utilities industry. This means that NEP’s stock grew similarly to AQN’s over the last 12 months.
NEP's SMR Rating (83) in the Alternative Power Generation industry is in the same range as AQN (89) in the Electric Utilities industry. This means that NEP’s stock grew similarly to AQN’s over the last 12 months.
AQN's Price Growth Rating (49) in the Electric Utilities industry is in the same range as NEP (53) in the Alternative Power Generation industry. This means that AQN’s stock grew similarly to NEP’s over the last 12 months.
NEP's P/E Growth Rating (19) in the Alternative Power Generation industry is somewhat better than the same rating for AQN (53) in the Electric Utilities industry. This means that NEP’s stock grew somewhat faster than AQN’s over the last 12 months.
| AQN | NEP | |
|---|---|---|
| RSI ODDS (%) | 2 days ago 49% | N/A |
| Stochastic ODDS (%) | 2 days ago 43% | 2 days ago 54% |
| Momentum ODDS (%) | 2 days ago 60% | 2 days ago 62% |
| MACD ODDS (%) | 2 days ago 70% | 2 days ago 70% |
| TrendWeek ODDS (%) | 2 days ago 63% | 2 days ago 62% |
| TrendMonth ODDS (%) | 2 days ago 63% | 2 days ago 60% |
| Advances ODDS (%) | 2 days ago 62% | 2 days ago 64% |
| Declines ODDS (%) | 9 days ago 54% | 9 days ago 62% |
| BollingerBands ODDS (%) | 2 days ago 47% | 2 days ago 55% |
| Aroon ODDS (%) | N/A | 2 days ago 65% |
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AQN and
Correlation & Price change
A.I.dvisor indicates that over the last year, AQN has been closely correlated with AQNU. These tickers have moved in lockstep 93% of the time. This A.I.-generated data suggests there is a high statistical probability that if AQN jumps, then AQNU could also see price increases.
| Ticker / NAME | Correlation To AQN | 1D Price Change % | ||
|---|---|---|---|---|
| AQN | 100% | +0.62% | ||
| AQNU - AQN | 93% Closely correlated | +0.80% | ||
| BEPC - AQN | 62% Loosely correlated | +4.96% | ||
| AY - AQN | 59% Loosely correlated | -0.05% | ||
| CWEN - AQN | 57% Loosely correlated | +3.08% | ||
| ORA - AQN | 55% Loosely correlated | +1.18% | ||
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