Algonquin Power & Utilities Corp T.AQN

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

Utilities Utilities - Diversified

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.

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Algonquin Power & Utilities Corp

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Post by newcoinon Nov 12, 2022 12:55am

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Post# 35093256

Oversold - What Happened Today

Among decliners, Algonquin Power & Utilities (AQN) was down over 19% in US trading, earlier sinking over 24% to its lowest share price since January 2017. The Canadian electric utility reported a non-GAAP Q3 net income of $0.11 per share, down from $0.15 per share during the same quarter last year and trailing the Capital IQ consensus expecting $0.16 per share. It also cut its forecast for adjusted 2022 earnings to $0.66 to $0.69 per share compared with Wall Street estimates modeling for a non-GAAP profit of $0.74 per share.

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