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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

Comment by bmbruceon Jul 29, 2023 2:00pm
342 Views
Post# 35563265

RE:TRP Splitting Into Two Companies

RE:TRP Splitting Into Two Companies

..traditional hedge fund strategies, like that of Starboard Value, involved acquiring stakes in underperforming companies and advocating for a breakup through asset sales to unlock higher perceived value… while these strategies might have been successful in a period of easy credit and high infrastructure demand, the current market landscape with elevated interest rates, restricted access to leveraged loans, and diminished asset valuations suggests that these approaches may no longer result in sustainable increases in the targeted company's share price, AQN in this case, due to the fact that anticipated prices for asset sales might not materialize as expected….perhaps an alternative such as selling minority stakes and reducing debt, could potentially be a more effective means of creating value over the long run...  an opinion only

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