Algonquin Power & Utilities ( TSX:AQN ), a Canadian utility and renewable energy company, has lost around 50% of its stock value compared to its 52-week high. Along with the sector weakness, the lowering of 2022 EPS guidance and a weak EPS guidance for 2023 appear to have dragged the company's stock price down. Despite the near-term weakness, I am bullish on AQN due to its regulated utility business, attractive valuation, and healthy growth prospects.