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Algonquin Power & Utilities Corp T.AQN.PR.A


Primary Symbol: T.AQN Alternate Symbol(s):  AQN | 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 Oct 05, 2023 12:58pm
241 Views
Post# 35671372

RE:RE:RE:Why not spin off the renewables to realize value?

RE:RE:RE:Why not spin off the renewables to realize value?

imo... the recent surge in the 10-year Treasury note, leading to a subsequent downturn in utility and renewable energy stocks, including AQN, can be primarily attributed to the Federal Reserve's unwavering commitment to maintaining "higher for longer" interest rates… however, it is important to emphasize that even a minor adjustment toward a more dovish stance in the Federal Reserve's "higher for longer" rhetoric, especially in response to the tightening financial market conditions that hold significant importance for renewable energy companies, has the potential to bring considerable respite from the downward pressure on their stock prices..

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