RE:RE:INE or AQNAQN upped their dividend 10% with the latest earnings release. Don't expect that here.
So much uncertainty with Texas. They need to get the bad news out of the way. Hopefully the hit isn't more than 80 million. Less would be better.
When you think about it Hydro Quecbec purchased 34 million shares last year at $19.08. They had a huge gain taken away over the past few months and the stock is almost back to their purchase price.
Based on that purchase and the confidence HQ showed in INE their's no way INE can cut the dividend even with the huge hit coming.
It hurts a little to see that AQN didn't take a big hit on their Texas operatons and increased the dividend as well.
The share price of INE isn't behaving like they have great news.
The earnings tonight will be very important and hopefully the share price can start to rebound after this report.