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 > Analyst Recommendation

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Comment by SargeXon Jun 08, 2021 7:13pm

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Post# 33352590

RE:RE:RE:Analyst Recommendation

And I just noticed that BEPC is down 17.3% in the last 6 mos. WOW!!

SargeX wrote: Hey Shadow

That's interesting on Blumas's take. I think he totally has it wrong. AQN has been beaten up because investors are treating it like a pure renewables even though it's revenue is actually 80% or so regulated utitlies.

We hold CPX, EMA, anf FTS and all are up between 4 and 12% in the last 6 mos. We've sold most of our pure renewables but still hold a minor position in NPI and it is down 8.64% in the last 6 mos. AQN is down 7.54% which is inline with NPI. I also checked BEP.UN (which we used to own) and it is down 4.61%.

Ciao
Sarge

Shadow1973 wrote: Chris Blumas was on Market Call today talking about AQN as one of his past picks. He had positive feedback with respect to growth in the coming years, but says the company is getting unfairly lumped in with other utilities on the sector downtrend from fears of (potential) rising interest rates.
Most of their 5 year capital expenditure is front loaded in the next year or so anyway.

I'm with David Rosenberg who says that we may see a jump in yields over the next little while, but the long term trend is DOWN. The world has too much debt to let rates run wild. Ain't gonna happen!