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.

TSX:AQN - Post by User

Algonquin Power & Utilities Corp > The dust won't settle soon.

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Comment by jx7000on Nov 15, 2022 2:58pm

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Post# 35100929

RE:RE:The dust won't settle soon.

BSdetector2016 wrote:

cherman wrote:
Here are the facts about AQN: 1-Earnings per share missed estimates by a huge margin. 2-The company lowered its outlook for the rest of the year due to inflation and higher interest rates which is going to be worse in the coming year at least. 3-The eividend is definitely at risk. How can you earn $0.11 and pay $0.18 per share? 4- AQN now is a perfect candidate for tax loss selling in the coming days.

The baby is down at the lake along with the bathwater. With over 40 million shares traded yesterday I'd say the tax loss dump-a-thon is well-underway, and probably largely complete. People will buy back later in the year. The stock will stop dropping soon, sooner if they make some kind of annoucement.

Wow, this reminds me an awful lot of TransAlta Utilities (now TransAlta Corp.) from about 2014 when I first bought in for the div. The price went south soon after, they cut the div, and I averaged down and got out with a profit about four years later. It took another four years for the SP to recover to where I bought it the first time (eight-years earlier).

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