one company that didn't benefit from the runup at all was AlThe company had some one-off expenses in 2021 due to a large storm in Texas and also was dragged down in an overall renewable energy selloff. But, there are some misconceptions about Algonquin. The company is not solely a renewable energy player.
In fact, much like Fortis, the bulk of its revenue comes from regulated utilities, resulting in consistent cash flow. Algonquin has over $16B in assets, serving over 1 million customers primarily in North America. The company also has a robust renewable energy asset base, with over 4GW of production capacity either in operation or under construction. As with most utilities, the company has a very reliable dividend streak, with 11 straight years of dividend growth. It is one of the only utilities to have a 5-year dividend growth streak surpassing 11% annually.