If Kentucky Deal Falls ThroughMore capital to improve the balance sheet and lower interest rate risk / expense. I'm not very experienced (so take my thoughts for what they cost) but I suspect blue-chip utility investors will appreciate this news. The markets first reaction is very positive with peer stocks like Fortis rising less than 1% today and AQN jumping near 4%.
The only question to me is how many previous AQN holders will return? Will the market respond positively again when the official cancellation of the Kentucky Deal is announced?
I am currently overweight on AQN (averaged down catching a falling knife in 2022) and will now need to decide when to sell half my position and hold the other half long-term. All thoughts are welcome