RE:AssetsDream on. This downward slide is a result of their takeover of the coal plants a year ago. They issued equity to partly finance the takeover. They are paying dividends to this new equity with no corresponding increase in income. The only path forward is to slash the dividend to bring the payout ratio to well under 100%. There is also the execution risk of converting the coal plants and getting new contracts for the electricity. This is the AltaGas playbook all over again. Nothing but bad news for the near terrm.
svsingh83 wrote: AQN has huge array of assets.
Management would know that divi cut will further erode company's reputation which has been built over many years.
I think, they will recycle some assets to get out of this tight spot.
Divi cut if any is still 3 months away. Lot can happen in between.
Back over $11 which is 5% gain from the bottom.
I think selling is over done.
Brookefield must be keenly watching.
There should other parties who wou;ld like to grab it around $12.50