{"id":632133,"date":"2026-04-17T21:25:00","date_gmt":"2026-04-18T04:25:00","guid":{"rendered":"https:\/\/nai500.com\/?p=632133"},"modified":"2026-04-17T21:25:00","modified_gmt":"2026-04-18T04:25:00","slug":"%e8%82%a1%e5%83%b9-%e8%85%b0%e6%96%ac-%e4%b9%8b%e5%be%8c-%e5%8a%a0%e6%8b%bf%e5%a4%a7-%e5%85%ac%e7%94%a8-%e4%ba%8b%e6%a5%ad-%e8%82%a1%e7%a5%a8-%e9%95%b7%e6%9c%9f-%e6%8a%95%e8%b3%87-%e5%83%b9%e5%80%bc","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hant\/blog\/2026\/04\/%e8%82%a1%e5%83%b9-%e8%85%b0%e6%96%ac-%e4%b9%8b%e5%be%8c-%e5%8a%a0%e6%8b%bf%e5%a4%a7-%e5%85%ac%e7%94%a8-%e4%ba%8b%e6%a5%ad-%e8%82%a1%e7%a5%a8-%e9%95%b7%e6%9c%9f-%e6%8a%95%e8%b3%87-%e5%83%b9%e5%80%bc\/","title":{"rendered":"\u80a1\u50f9\u8170\u65ac\u4e4b\u5f8c\uff0c\u9019\u53ea\u52a0\u62ff\u5927\u516c\u7528\u4e8b\u696d\u80a1\u7968\u9577\u671f\u6295\u8cc7\u50f9\u503c\u6d6e\u73fe"},"content":{"rendered":"

\u52a0\u62ff\u5927\u516c\u7528\u4e8b\u696d\u80a1\u7968Algonquin Power & Utilities\uff08<\/span>TSX: AQN<\/span><\/a>\uff09<\/span>\u5468\u4e94\uff08<\/span>2026<\/span>\u5e74<\/span>4<\/span>\u6708<\/span>17<\/span>\u65e5\uff09\u6536\u76e4\u5831<\/span>8.75\u52a0\u5143<\/span>\u3002\u56de\u9867<\/span>2021\u5e74<\/span>2<\/span>\u6708\u8a72\u80a1\u66fe\u5275\u4e0b<\/span>13.24<\/span>\u5143\u7684\u6536\u76e4\u66c6\u53f2\u9ad8\u9ede\uff0c\u5f9e\u5cf0\u503c\u56de\u843d\u7684\u5e45\u5ea6\u4e00\u5ea6\u8d85\u904e<\/span>50%<\/span>\u3002\u5728\u7d93\u66c6\u9577\u9054\u6578\u5e74\u7684\u696d\u7e3e\u75b2\u8edf\u3001\u6230\u7565\u8ff7\u5931\u548c\u80a1\u606f\u524a\u6e1b\u5f8c\uff0c\u9019\u5bb6\u901a\u904e<\/span>Liberty\u54c1\u724c\u70ba\u5317\u7f8e\u8d85\u767e\u842c\u5ba2\u6236\u63d0\u4f9b\u96fb\u529b\u548c\u6c34\u52d9\u670d\u52d9\u7684\u516c\u53f8\uff0c\u6b63\u8a66\u5716\u5411\u6295\u8cc7\u8005\u8b1b\u8ff0\u4e00\u500b\u5168\u65b0\u7684\u6545\u4e8b<\/span>\u2014\u2014<\/span>\u4e00\u500b\u95dc\u65bc\u6230\u7565\u7626\u8eab\u3001\u805a\u7126\u4e3b\u696d\u7684\u6545\u4e8b\u3002<\/span><\/p>\n

\u5f9e\u591a\u5143\u5316\u8ff7\u5931\u5230<\/span><\/span><\/b>\u201c<\/span><\/b>\u6e1b\u6cd5<\/span><\/span><\/b>\u201d<\/span><\/b>\u805a\u7126<\/span><\/span><\/b><\/p>\n

\u904e\u53bb\u5e7e\u5e74\uff0c<\/span>Algonquin\u7684\u80a1\u50f9\u5927\u5e45\u4e0b\u632b\u5f88\u5927\u7a0b\u5ea6\u4e0a\u6e90\u65bc\u591a\u5143\u5316\u64f4\u5f35\u7684\u5f8c\u907a\u75c7\u3002\u516c\u53f8\u65e9\u671f\u5728\u53ef\u518d\u751f\u80fd\u6e90\u9818\u57df\u6295\u5165\u904e\u91cd\uff0c\u975e\u53d7\u76e3\u7ba1\u696d\u52d9\u5360\u6bd4\u504f\u9ad8\uff0c\u758a\u52a0\u5229\u7387\u4e0a\u5347\u74b0\u5883\u4e0b\u7684\u9ad8\u6760\u6746\u58d3\u529b\uff0c\u5c0e\u81f4\u8cc7\u7522\u8ca0\u50b5\u8868\u6301\u7e8c\u627f\u58d3\u3002<\/span>2024<\/span>\u5e74\uff0c\u516c\u53f8\u75db\u5b9a\u601d\u75db\uff0c\u6c7a\u5b9a\u525d\u96e2\u975e\u6838\u5fc3\u8cc7\u7522\u3002<\/span>2025<\/span>\u5e74<\/span>1<\/span>\u6708<\/span>8<\/span>\u65e5\uff0c\u516c\u53f8\u6b63\u5f0f\u5b8c\u6210\u5411<\/span>LS Power<\/span>\u5b50\u516c\u53f8\u51fa\u552e\u5176\u975e\u76e3\u7ba1\u53ef\u518d\u751f\u80fd\u6e90\u696d\u52d9\uff08\u4e0d\u5305\u62ec\u6c34\u96fb\u8cc7\u7522\uff09\u7684\u4ea4\u6613\uff0c\u4ea4\u6613\u7e3d\u5c0d\u50f9\u6700\u9ad8\u9054<\/span>25<\/span>\u5104\u7f8e\u5143<\/span>\u3002\u7dca\u63a5\u8457\uff0c\u516c\u53f8\u9084\u51fa\u552e\u4e86\u5728<\/span>Atlantica Sustainable Infrastructure PLC\u7684<\/span>42.2%<\/span>\u80a1\u6b0a<\/span>\u3002\u5169\u7b46\u4ea4\u6613\u5b8c\u6210\u5f8c\uff0c\u516c\u53f8\u5411<\/span>\u201c\u7d14\u7cb9\u53d7\u76e3\u7ba1\u516c\u7528\u4e8b\u696d\u516c\u53f8<\/span>\u201d\u7684\u8f49\u578b\u9081\u51fa\u95dc\u9375\u4e00\u6b65\uff0c\u8907\u96dc\u6027\u5927\u5e45\u964d\u4f4e\u3002<\/span><\/p>\n

\u50b5\u52d9\u53bb\u6760\u6746\uff1a\u5f9e\u9ad8\u6760\u6746\u5230\u8ca1\u52d9\u9748\u6d3b<\/span><\/span><\/b><\/p>\n

\u8cc7\u7522\u51fa\u552e\u7684\u6838\u5fc3\u76ee\u7684\u4e0d\u50c5\u662f\u6230\u7565\u805a\u7126\uff0c\u66f4\u662f\u964d\u6760\u6746\u3002\u516c\u53f8\u5c07\u51fa\u552e\u6240\u5f97\u6de8\u6536\u76ca\u4e2d\u7d04<\/span>16\u5104\u7f8e\u5143\u7528\u65bc\u511f\u9084\u73fe\u6709\u50b5\u52d9\uff0c\u5927\u5e45\u5f37\u5316\u4e86\u8cc7\u7522\u8ca0\u50b5\u8868\uff0c\u63d0\u9ad8\u4e86\u8ca1\u52d9\u9748\u6d3b\u6027<\/span>\u3002\u622a\u81f3<\/span>2025\u5e74\u672b\uff0c\u516c\u53f8\u7e3d\u50b5\u52d9\u5df2\u964d\u81f3\u7d04<\/span>65<\/span>\u5104\u7f8e\u5143<\/span>\u3002\u4f34\u96a8\u50b5\u52d9\u524a\u6e1b\u7684\u662f\u904b\u71df\u6548\u7387\u7684\u986f\u8457\u6539\u5584\uff1a\u71df\u696d\u8cbb\u7528\u5360\u71df\u6536\u6bd4\u91cd\u5f9e<\/span>2024\u5e74\u7684<\/span>37.7%<\/span>\u512a\u5316\u81f3<\/span>2025<\/span>\u5e74\u7684<\/span>35.8%<\/span>\uff0c\u5df2\u5be6\u73fe\u80a1\u672c\u56de\u5831\u7387\u5f9e<\/span>5.5%<\/span>\u63d0\u5347\u81f3<\/span>6.8%<\/span>\u3002\u904b\u71df\u5c64\u9762\u7684\u6539\u5584\u6b63\u5728\u5f9e\u8ca1\u52d9\u6578\u64da\u4e2d\u5f97\u5230\u9a57\u8b49\u3002<\/span><\/p>\n

\u8ca1\u52d9\u62d0\u9ede\uff1a\u5f9e\u8667\u640d\u5230\u76c8\u5229\u4fee\u8907<\/span><\/span><\/b><\/p>\n

\u8ca1\u52d9\u8868\u73fe\u65b9\u9762\uff0c<\/span>Algonquin\u5728<\/span>2025<\/span>\u5e74\u4ea4\u51fa\u4e86\u4e45\u9055\u7684\u4eae\u773c\u6210\u7e3e\u55ae\u3002\u5168\u5e74<\/span>GAAP<\/span>\u6de8\u5229\u6f64\u9054<\/span>2.08<\/span>\u5104\u7f8e\u5143\uff0c\u8f03<\/span>2024<\/span>\u5e74\u7684<\/span>5480<\/span>\u842c\u7f8e\u5143\u589e\u9577\u8fd1\u4e09\u500d\uff1b\u8abf\u6574\u5f8c\u6de8\u5229\u6f64\u9054<\/span>2.588<\/span>\u5104\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u9577<\/span>17%<\/span>\uff1b\u5168\u5e74\u8abf\u6574\u5f8c\u6bcf\u80a1\u6536\u76ca<\/span>0.34<\/span>\u7f8e\u5143\uff0c\u8d85\u51fa\u6307\u5f15\u4e0a\u9650<\/span>0.02<\/span>\u7f8e\u5143<\/span>\u3002\u7b2c\u56db\u5b63\u5ea6<\/span>GAAP\u6de8\u5229\u6f64\u70ba<\/span>2940<\/span>\u842c\u7f8e\u5143\uff0c\u800c\u53bb\u5e74\u540c\u671f\u70ba\u6de8\u8667\u640d<\/span>1.102<\/span>\u5104\u7f8e\u5143\uff0c\u626d\u8667\u70ba\u76c8\u7684\u614b\u52e2\u5341\u5206\u660e\u986f<\/span>\u3002<\/span><\/p>\n

\u5c55\u671b\u672a\u4f86\uff0c\u7ba1\u7406\u5c64\u9810\u8a08<\/span>2026\u5e74\u8abf\u6574\u5f8c\u6bcf\u80a1\u6536\u76ca\u5c07\u9054<\/span>0.35<\/span>\u81f3<\/span>0.37<\/span>\u7f8e\u5143\uff0c<\/span>2027<\/span>\u5e74\u9032\u4e00\u6b65\u63d0\u5347\u81f3<\/span>0.38<\/span>\u81f3<\/span>0.42<\/span>\u7f8e\u5143<\/span>\u3002\u516c\u53f8\u8a08\u5283\u5728<\/span>2026\u5e74\u81f3<\/span>2028<\/span>\u5e74\u9593\u6295\u5165\u7d04<\/span>32<\/span>\u5104\u7f8e\u5143\u7684\u8cc7\u672c\u958b\u652f\uff0c\u91cd\u9ede\u7528\u65bc\u5b89\u5168\u6027\u3001\u53ef\u9760\u6027\u548c\u670d\u52d9\u63d0\u5347\uff0c\u9810\u8a08\u8cbb\u7387\u57fa\u790e\u5c07\u4ee5\u6bcf\u5e74<\/span>5%<\/span>\u81f3<\/span>6%<\/span>\u7684\u901f\u5ea6\u589e\u9577<\/span>\u3002<\/span><\/p>\n

\u5206\u6790\u5e2b\u5206\u6b67\u8207\u9577\u671f\u6301\u6709\u50f9\u503c<\/span><\/span><\/b><\/p>\n

\u83ef\u723e\u8857\u5206\u6790\u5e2b\u5c0d<\/span>Algonquin\u7684\u8a55\u7d1a\u6b63\u9010\u6b65\u8f49\u5411\u7a4d\u6975\u3002\u5df4\u514b\u840a\u5728<\/span>2026<\/span>\u5e74<\/span>4<\/span>\u6708\u521d\u9996\u6b21\u8986\u84cb\u8a72\u80a1\uff0c\u7d66\u51fa<\/span>\u201c\u8d85\u914d<\/span>\u201d\u8a55\u7d1a<\/span>\u3002<\/span>Raymond James\u5c07\u8a55\u7d1a\u5f9e<\/span>\u201c\u8207\u5927\u76e4\u6301\u5e73<\/span>\u201d\u4e0a\u8abf\u81f3<\/span>\u201c\u8dd1\u8d0f\u5927\u76e4<\/span>\u201d\uff0c\u76ee\u6a19\u50f9\u5f9e<\/span>6.50\u7f8e\u5143\u4e0a\u8abf\u81f3<\/span>7.25<\/span>\u7f8e\u5143\uff0c\u7406\u7531\u5305\u62ec\u904b\u71df\u548c\u76e3\u7ba1\u57f7\u884c\u6301\u7e8c\u6539\u5584\u3001\u6210\u672c\u63a7\u5236\u6b63\u5728\u767c\u63ee\u4f5c\u7528\uff0c\u4ee5\u53ca\u516c\u53f8\u5728\u95dc\u9375\u8cbb\u7387\u6848\u4ef6\u4e2d\u6301\u7e8c\u53d6\u5f97\u5efa\u8a2d\u6027\u6210\u679c<\/span>\u3002\u52a0\u62ff\u5927\u570b\u5bb6\u9280\u884c\u4e5f\u5c07\u8a55\u7d1a\u4e0a\u8abf\u81f3<\/span>\u201c\u8dd1\u8d0f\u5927\u76e4<\/span>\u201d\uff0c\u76ee\u6a19\u50f9<\/span>7.50\u7f8e\u5143\uff0c\u9810\u8a08<\/span>2026<\/span>\u8ca1\u5e74\u6bcf\u80a1\u6536\u76ca\u589e\u9577\u7d04<\/span>10%<\/span>\uff0c<\/span>2027<\/span>\u5e74\u589e\u9577\u8d85<\/span>20%<\/span>\u3002<\/span><\/p>\n

\u7136\u800c\uff0c\u6295\u8cc7\u8005\u7684\u9810\u671f\u4e26\u975e\u6c92\u6709\u5206\u6b67\u3002\u5728<\/span>2025\u5e74\u7b2c\u56db\u5b63\u5ea6\u8ca1\u5831\u767c\u5e03\u5f8c\uff0c\u76e1\u7ba1\u6bcf\u80a1\u6536\u76ca\u8d85\u51fa\u9810\u671f\u8fd1<\/span>17%<\/span>\uff0c\u8a72\u80a1\u76e4\u524d\u4ea4\u6613\u537b\u4e0b\u8dcc\u903e<\/span>11%<\/span>\u3002\u6838\u5fc3\u96b1\u6182\u5728\u65bc\uff1a\u7b2c\u4e00\uff0c\u52a0\u5dde\u91ce\u706b\u98a8\u96aa\u76f8\u95dc\u7684\u904b\u71df\u548c\u76e3\u7ba1\u8907\u96dc\u6027\u4e0d\u5bb9\u5ffd\u8996\uff1b\u7b2c\u4e8c\uff0c\u516c\u7528\u4e8b\u696d\u8cbb\u7387\u5be9\u6279\u9032\u7a0b\u5728\u591a\u500b\u53f8\u6cd5\u7ba1\u8f44\u5340\u7684\u63a8\u9032\u7bc0\u594f\u5b58\u5728\u4e0d\u78ba\u5b9a\u6027\uff1b\u7b2c\u4e09\uff0c<\/span>2026\u5e74\u9810\u8a08\u6bcf\u80a1\u6536\u76ca<\/span>0.36<\/span>\u7f8e\u5143\u5c0d\u61c9\u7684\u9060\u671f\u5e02\u76c8\u7387\u4ecd\u5728<\/span>24<\/span>\u500d\u5de6\u53f3\uff0c\u4f30\u503c\u4e26\u4e0d\u4fbf\u5b9c<\/span>\u3002<\/span><\/p>\n

\u98a8\u96aa\u8207\u6536\u76ca\uff1a\u5728\u7a69\u5065\u80a1\u606f\u8207\u4f30\u503c\u7b49\u5f85\u4e4b\u9593<\/span><\/span><\/b><\/p>\n

\u7576\u524d<\/span>Algonquin\u7684\u524d\u77bb\u5e74\u5ea6\u80a1\u606f\u7387\u7d04<\/span>4%<\/span>\uff0c\u5c0d\u65bc\u5c0b\u6c42\u7a69\u5b9a\u73fe\u91d1\u6d41\u7684\u9577\u671f\u6295\u8cc7\u8005\u5177\u6709\u4e00\u5b9a\u5438\u5f15\u529b\u3002\u4f46\u9700\u8981\u660e\u78ba\u7684\u662f\uff0c\u8a72\u80a1\u7684\u6295\u8cc7\u908f\u8f2f\u5df2\u5f9e<\/span>\u201c\u9ad8\u589e\u9577<\/span>+\u591a\u5143\u5316\u6ea2\u50f9<\/span>\u201d\u5207\u63db\u70ba<\/span>\u201c\u7a69\u5065\u516c\u7528\u4e8b\u696d<\/span>+\u8cbb\u7387\u57fa\u790e\u589e\u9577<\/span>\u201d\u7684\u9632\u79a6\u6027\u6558\u4e8b\u3002\u5728<\/span>2026\u5e74\u5b8f\u89c0\u7d93\u6fdf\u4ecd\u5b58\u8b8a\u91cf\u7684\u80cc\u666f\u4e0b\uff0c\u516c\u7528\u4e8b\u696d\u677f\u584a\u7684\u96d9\u91cd\u5c6c\u6027\u51f8\u986f<\/span>\u2014\u2014<\/span>\u5229\u7387\u7dad\u6301\u9ad8\u4f4d\u6642\uff0c\u80a1\u606f\u6536\u5165\u7684\u5438\u5f15\u529b\u76f8\u5c0d\u63d0\u5347\uff1b\u5229\u7387\u4e0b\u884c\u6642\uff0c\u878d\u8cc7\u6210\u672c\u964d\u4f4e\u53ef\u80fd\u63a8\u52d5\u4f30\u503c\u64f4\u5f35<\/span>\u3002<\/span><\/p>\n

\u7d9c\u5408\u5224\u65b7\uff0c<\/span>Algonquin\u7684\u80a1\u50f9\u5f9e<\/span>2021<\/span>\u5e74\u9ad8\u9ede\u8170\u65ac\u4e4b\u5f8c\uff0c\u696d\u52d9\u7d50\u69cb\u548c\u8cc7\u7522\u8ca0\u50b5\u8868\u5df2\u51fa\u73fe\u660e\u986f\u6539\u5584\u3002\u5c0d\u65bc\u9858\u610f\u6301\u6709\u4e94\u5e74\u4ee5\u4e0a\u3001\u80fd\u5920\u63a5\u53d7\u516c\u7528\u4e8b\u696d\u80a1\u5929\u7136\u7684\u4f4e\u6210\u9577\u6027\uff0c\u4e26\u5c07\u5e74\u5316<\/span>4%<\/span>\u80a1\u606f\u4f5c\u70ba\u57fa\u790e\u56de\u5831\u7684\u9577\u671f\u6295\u8cc7\u8005\u800c\u8a00\uff0c\u7576\u524d\u6c34\u5e73\u5177\u5099\u914d\u7f6e\u50f9\u503c\u3002\u4f46\u5c0d\u65bc\u8ffd\u6c42\u77ed\u671f\u5f48\u6027\u6536\u76ca\u7684\u6295\u8cc7\u8005\u800c\u8a00\uff0c\u516c\u7528\u4e8b\u696d\u8cbb\u7387\u5be9\u6279\u7684\u7bc0\u594f\u548c\u904b\u71df\u4e0d\u78ba\u5b9a\u6027\uff0c\u4ecd\u662f\u77ed\u671f\u5167\u4e0d\u53ef\u5ffd\u8996\u7684\u64fe\u52d5\u8b8a\u91cf\u3002<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

\u52a0\u62ff\u5927\u516c\u7528\u4e8b\u696d\u80a1\u7968Algonquin Power & Utilities\uff08TSX: AQN\uff09\u5468\u4e94\uff0820 […]<\/p>\n","protected":false},"author":31,"featured_media":593427,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[426,1522],"tags":[2583,2171,2147,1122,1860],"class_list":{"0":"post-632133","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-market-news-zh-hant","8":"category-1522","9":"tag-dividend","10":"tag-2171","11":"tag--zh-hant","12":"tag-1122","14":"sectors-oil-gas-zh-hant","15":"locations-canada-zh-hant","16":"exchange-tsx-zh-hant"},"acf":[],"_links":{"self":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/632133","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/users\/31"}],"replies":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/comments?post=632133"}],"version-history":[{"count":3,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/632133\/revisions"}],"predecessor-version":[{"id":632136,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/632133\/revisions\/632136"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/media\/593427"}],"wp:attachment":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/media?parent=632133"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/categories?post=632133"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/tags?post=632133"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}