Analysts at RBC capital believe that investors positively viewed the significant growth in the 5-year capital plan of Algonquin Power & Utilities Corp. (NYSE:AQN) during the investor day, but were disappointed by the 2022 and 5-year EPS outlook. Management released its 2022 EPS guidance range of $0.72-0.77, which compares to the consensus estimate of $0.78. Management noted that due to the above-average EPS growth in 2021, the 7-9% EPS CAGR in the 2022-26 period is consistent with the 8-10% EPS CAGR in the 2021-25 period.

The company rolled forward its 5-year capital plan, which totals $12.4 billion, up from last year's 5- year capital plan of $9.4 billion, which is higher than what the analysts expected given that $3.4 billion was already invested in the first nine months of 2021.