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Algonquin Power & Utilities Corp T.AQN

Alternate Symbol(s):  AQN | T.AQN.PR.A | T.AQN.PR.D | AGQPF

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.


TSX:AQN - Post by User

Post by retiredcfon Jun 01, 2021 10:32am
314 Views
Post# 33302711

Motley Fool Top Picks for June

Motley Fool Top Picks for June

Chris MacDonald: Algonquin Power & Utilities

My top stock for May is Algonquin Power & Utilities (TSX:AQN)(NYSE:AQN). This utilities player has seen selling pressure in recent weeks amid otherwise bullish market conditions. With rates remaining low, bond proxies like Algonquin are poised for another leg up.

Algonquin’s value comes via its core regulated utilities business alongside a growing renewables business. Combined, this is one of the most defensive long-term income picks on the TSX.

For those with a sufficient holding period, this stock should be on the top of the watch list today. With a yield of 4.5% and very solid growth prospects, this stock is set to outperform in June and beyond.

Fool contributor Chris MacDonald has no position in any of the stocks mentioned.

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