COMP <GO>

ELC vs AQN // EV/EBITDA & P/E VALUATION

Entergy Louisiana Inc. Collateral Trust Mortgage Bonds 4.875 % Series due September 1 2066 (NYSE) VS. Algonquin Power & Utilities Corp. (NYSE) • 15-METRIC TALLY: ELC 0 — AQN 3

■ METRIC PARITY

ELC — Entergy Louisiana Inc. Collateral Trust Mortgage Bonds 4.875 % Series due September 1 2066 ROARABLE D+ • RQD 58/100

LAST: $18.15 (+0.72%) • MKT CAP: $3.87B

DES <GO> FA <GO> 10-K RED <GO>

valuation

—

AQN — Algonquin Power & Utilities Corp. ROARABLE B- • RQD 70/100

LAST: $5.43 (+1.69%) • MKT CAP: $4.18B

DES <GO> FA <GO> 10-K RED <GO>

valuation

20.4x

15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (ELC VS. AQN) EMERALD CELL = QUANTITATIVE EDGE

INSTITUTIONAL METRIC	ELC	AQN	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	—	—	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	—	3.70%	—	TIE	/roic <GO>
EV/EBITDA & P/E Valuation ACTIVE	—	20.4x	—	TIE	/valuation <GO>
Free Cash Flow Yield	—	14.20%	—	TIE	/fcf-yield <GO>
Operating Margin	—	20.70%	—	TIE	/operating-margins <GO>
Net Profit Margin	—	7.40%	—	TIE	/net-margins <GO>
Revenue Growth (YoY)	—	4.90%	—	TIE	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.00%	4.82%	-4.82	AQN	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	—	—	—	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	—	7/9	—	TIE	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	38.1	61.5	-23.31	AQN	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	—	—	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	—	21.5x	—	TIE	/forward-pe <GO>
Enterprise Scale & Market Cap	$3.87B	$4.18B	-$309.5M	AQN	/market-cap <GO>

5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY

FISCAL YEAR	ELC REV	AQN REV	ELC GROSS %	AQN GROSS %	ELC FCF	AQN FCF
FY 2025	—	$2.43B	—	—	—	$593.6M
FY 2024	—	$2.32B	—	—	—	$481.7M
FY 2023	—	$2.40B	—	—	—	$628.0M

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

ELC // BETA —

AQN // BETA —