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 > Book value minus break fees = ?

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Comment by BSdetector2016on Jan 15, 2023 7:07pm

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Post# 35224556

RE:RE:RE:Book value minus break fees = ?

AlwaysLong683 wrote:
malx1 wrote:
Indicator wrote:
if anyone has these numbers I'm guessing that is about where it should be trading, also minus the get rid of entire management costs.

Plus higher cost of debt as rates rise and when credit rating falls from BBB, to junk bond status.

People here don't understand debt markets.

When you don't think it can get worse.

Fitch downgrades you

I doubt AQN drops below BBB. Even this management team and Board knows that would be extremely damaging to them. They will sell and interest in or entirely dispose of as many assets as it takes to maintain their BBB rating. Also, they can technically fall one rating level to BBB- and still be investment grade, but that would be crazy because another downgrade would mean junk bond status. Even dropping from BBB to BBB- would likely have a negative effect on their existing floating-rate debt along with debt that comes up for renewal.