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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 rusty777on Sep 06, 2023 4:27pm
270 Views
Post# 35622669

RE:RE:Just wondering

RE:RE:Just wonderingYou are absolutely correct Paray, no stock will go up every day.  This one, however, has seen a steady decline since early May and I am not yet seeing any light at the end of the tunnel.  Sure, they got rid of the CEO (with a pretty impressive golden parachute) but the folks who hired him (ie the BoD) as well as many of the like-minded folk he hired are still around so this is unlikely to turn around any time soon.  Mr. market is speaking very loudly here that something more that a token firing needs to be done for there to be any meaningful reinvestment in this company.  I was one of the many fools who bought into this mess in the 18.00 - 19.00 range....what a mistake.  I suspect it will turn around in time, but not in the foreseeable future...maybe years before we get our money back.  In the meantime we sit and collect the dividend......until that gets cut yet again.

Would be nice to see these folks clean house...until then its simply going to be more of the same.  Management must be SO proud of themselves.

GLTA

Rusty
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