5 Best Canadian Stocks Under $10

2. Algonquin Power & Utilities Corp. (NYSE:AQN)

Number of Hedge Fund Holders: 27

Share Price as of July 25: $8.22

Algonquin Power & Utilities Corp. (NYSE:AQN) is a renewable energy and utility company that offers energy and water solutions in North America and internationally. The company has two main segments – Regulated Services Group and Renewable Energy Group. On May 11, Algonquin Power & Utilities Corp. (NYSE:AQN) reported a Q1 non-GAAP EPS of $0.17 and a revenue of $778.6 million, outperforming Wall Street estimates by $0.01 and $44.9 million, respectively. 

According to Insider Monkey’s first quarter database, 27 hedge funds were long Algonquin Power & Utilities Corp. (NYSE:AQN), compared to 18 funds in the prior quarter. Keith Meister’s Corvex Capital is the largest stakeholder of the company, with 11.8 million shares worth $100 million. 

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