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 > New financing...$ 900 M (US) Public offering

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Comment by BarstoolSageon Jun 18, 2021 9:30am

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Post# 33410422

RE:RE:RE:RE:RE:RE:RE:RE:New financing...$ 900 M (US) Public offering

My take too. This is beneficial to us all....this money will be put to work creating assets that add to our cash flows, income and dividends.

Why did the market go skittish? Probably not for one particualr reason...but those that sold out BECAUSE of the financing are dong so either canny as a fox...anticipating volatility and rebuying lower perhaps....or they somehow saw this financing as undwesirable

Capharnaum wrote:

stocktalk wrote: It means Aqn has financing issues and have to issue shares, banks are saying no more.

They are planning on growing net assets by around 70% (over $9B) over the next 4-5 years. They'll need to issue equity as they can't just load up debt and they couldn't support such a growth just using their free cashflow.

From my calculations, adding those assets will be accretive and should support an earnings and dividend growth over the next five years for shareholders even considering dilution.