Analyst Recommendationhttps://www.bnnbloomberg.ca/video/christine-poole-discusses-algonquin-power~2161660
BUY
Algonquin Power & Utilities Corp
(AQN-T)
March 16, 2021
She continues to hold it. The utility space has pulled back (AQN is down 15%) because of rising yields. AQN pays a yield under 4%. Its growth outlook is strong for years to come, and AQN enjoy robust cash flow primarily in the U.S. AQN'S dividend that will rise 10% this year, though that growth may moderate in years to come as AQN invests more in its business. Renewable energy remains a good investment, though the group was overextended coming into 2020; she was waiting for a pullback and it's happened.
ELECTRICAL UTILITIES
Christine Poole
Price
$20.070
Owned
Yes