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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 pennydredfulon Dec 10, 2022 6:39pm
450 Views
Post# 35164185

The TIP OFF came

The TIP OFF cameTo   get   out of  this   name in mid August  when  the company  filed a document  that   would allow   them  to  sell  treasury  shares  into   the market  ,otherwise   known  as  an ATM  ( at the market)   program.  This  is  something  that   has  been  recently  imported  from the United States  .  If   you  every   have   shares   in a conpany   that announces   an   ATM   program ---my   advice  ---sell  immediately .   This   is   the  opposite of an issuer  bid  where  a company   is  buying  back shares  for  cancellation   cause   they  are  underpriced.   In   this  ATM   case   they  are  saying   , our   shares  are fully   priced  and  we  will  sell  you   ALL  YOU  WANT  at  the current   price.  
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