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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Comment by Xebecguy2020202on Jul 08, 2020 5:54pm

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Post# 31242103

RE:RE:$900 Offer of AQN Common Shares @ $17.10 per share

This actually fully explains the dump from the pump at the mid $19s a few weeks back.

Be patient. A similar deal happened to Xebec Adsorption. They sold shares at $3.60 when it was trading at $4.00. The stock essentially dropped to that range, but once the financing deal was done, it has now skyrocketed to $4.50.

You don't buy and flip utilities, you buy them for dividend and safety in uncertain environment. This will be trading again above $19 in no time. In the meantime, if you got in pre ex-div date. Enjoy the payment next week and carry on.

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