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 > I HAVE seen this MANY times,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

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Comment by Red_Deeron Dec 19, 2022 1:42pm

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Post# 35180155

RE:RE:RE:I HAVE seen this MANY times,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

In ALL CASES the Drop I DID SEE was ALWAYS in the 35 to 40% Range__So as AQN had Plunged from $15__the Current Trading range the past few weeks IS Exactly in THIS RANGE

Hey SARGEX__You have NOT UNDERSTOOD my Point__I Was NOT REFERRING to Drops From HIGHS seen Many YEARS AGO__I WAS Referring to the HUGE DROP on HUGE VOLUMES we saw a MONTH Ago.

So DO You UNDERSTAND THIS Now eh ?????

rustyblades wrote: Another example of a utility that has still to recover to previous highs is TransAlta (TA) which I now own. It traded at over $30 15 years ago. This one won't see $20 for quite a while. Glad I sold all my shares when they announced the KP acquisition.

SargeX wrote: Totally disagree with the 35-40% and the most cases recovering.

First off, AQN hit an intdra-day high of $22.67 on Feb 16, 2021 and a 52 week high of $20.19 on Apr 8, 2022 representing a 58.5% and 53.4% drop respectively.

I'm sure there's more but ALA not recovering is always my favourite and is a imilar situation to AQN with buying a large bad asset and getting into debt trouble. ALA hit a high of $52.16 on Aug 18, 2014 and now trades at $23.13 so is still down 55.6%.

As an aside, I do think AQN will eventually recover to a certain degree and predict it will be higher next year at this time than it is now but I doubt we will see $22.67 in the next 10 years.

My wife & I have no plans to sell any of our 14,430 shares even though I hate seeing such blatant mis-management. That Banskota is up there with the worst CEOs of all time. Poor old Robertson must be so sad to see what's happened to the great company he built.

Red_Deer wrote: Been in the markets since 1980 and thus have EXPERIENCED quite a number of NOSE DIVES by Large, Basically GOOD, Companies__Whenever Mr Market Has Been SURPRISED/SHOCKED by
a BAD Report by Management.

In ALL CASES the Drop I DID SEE was ALWAYS in the 35 to 40% Range__So as AQN had Plunged from $15__the Current Trading range the past few weeks IS Exactly in THIS RANGE

Also in MOST CASES the Companies I Experienced over the Past 4 Decades INDEED DID RECOVER Nicely.

So AQN right now IS Exactly WHERE it SHOULD BE eh ????