Algonquin Power & Utilities Corp T.AQN

Alternate Symbol(s): AQN | T.AQN.P.A | T.AQN.P.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 > TD Downgrading to Hold

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Comment by newcoinon Nov 14, 2022 8:24am

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Post# 35096037

RE:RE:TD Downgrading to Hold

Yes!! All these forecasts are in US$. It makes a huge difference. Don;'t be fooled.

CANCDN wrote: Both TD and RBC make good points. Credit Suisse, Desjardins BMO also downgraded, as they should.

The good news is that all those PT are in USD (except the TD I think). So still a good amount above the current price.

Agree the dividend will remain flat (as it should). Disagree about a cut as it is not needed. AQN will announce a reset, and in my opinion, it will be divestment of the renewable assets and move towards 95% regulatory. As RBC analyst said, we will trade at a discount to other utiltiies until we become a full utility investment. The rewables are garbage as a long term hold.