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Algonquin Power & Utilities Corp T.AQN

Alternate Symbol(s):  AQN | T.AQN.PR.A | AGQPF | T.AQN.PR.D

Algonquin Power & Utilities Corp. is a Canada-based diversified international generation, transmission, and distribution company. The Company through its two business groups, the Regulated Services Group, and the Renewable Energy Group, provides sustainable energy and water solutions through its portfolio of electric generation, transmission, and distribution utility investments to over one million customer connections, largely in the United States and Canada. The Company is engaged in renewable energy through its portfolio of long-term contracted wind, solar, and hydroelectric generating facilities. The Company owns, operates, and/or has net interests in over four gigawatts (GW) of installed renewable energy capacity. The Company is focused on its expanding global pipeline of renewable energy and electric transmission development projects, organic growth within its rate-regulated generation, distribution and transmission businesses, and the pursuit of accretive acquisitions.


TSX:AQN - Post by User

Comment by Vega1357on Aug 06, 2020 8:13pm
128 Views
Post# 31376431

RE:RE:RE:RE:RE:U.S. dollar depreciation

RE:RE:RE:RE:RE:U.S. dollar depreciation
bmbruce wrote: to me it seems clear that as long as the Canadian dollar continues to appreciate relative to the U.S. dollar then this will have a negative impact on AQN's earnings independent of what's happening in the U.S utility sector...if the utility sector declines in both countries due to a rotation out of the sector then that's a different matter...


If the Canadian dollar appreciates, it only negatively impacts AQN's earnings after they are converted to Canadian dollars. It doesn't impact its earnings in U.S. dollars. You may be aware that AQN also trades on the NYSE and in U.S. dollars. I checked to see what AQN has done in the past two trading sessions and it has dropped there as well. I didn't think it was fair to compare Tuesday's closing on the TSX to Friday's closing with what happened on the NYSE as the latter was open on Monday while the TSX was closed. I think all this demonstrates that the decline in AQN's share price, at least in the last two trading sessions, was independent of what happened in the currency market. 

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