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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
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Post by AlwaysLong683on Aug 10, 2023 9:48pm
343 Views
Post# 35583073

Q2 2023 In A Nutshell

Q2 2023 In A Nutshell
Article courtesy BNN Bloomberg.

Next key questions:

1) If AQN is going to sell their entire Renewables Business as stated in their press release,, will it be one buyer (e.g. Brookfield Renewables) or multiple buyers?

2) Will they get fair market value for these assets? If they want to sell soon, perhaps not (See TC Energy). It they are willing to wait, perhaps the offer(s) will become more attractive...?

3) I sense they want to sell as soon as possible, so the sale appears likely to take place before a new full-time CEO is hired.

4) Funny how no one internally was promoted to CEO as AQN is doing an executive search outside the company for a new CEO. Perhaps the BOD didn't feel any internal upper management candidate would be able to produce the kinds of results they want to see (or maybe these individuals are seen as part of the problem that led to AQN's current situation)...?


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