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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 18, 2023 6:14pm
365 Views
Post# 35689974

RE:RE:Under $6

RE:RE:Under $6

imo..."They may have 'big bucks in here,' however, this doesn't necessarily mean that they were correct in their proposal dated July 6th… Starboard Value LP presented their proposal to AQN during the first week of July when the yield on the 10-year treasury bond was at 4%….however, as of today, that yield has risen to over 4.9%….it's somewhat challenging to believe that they would have anticipated a 90 basis point increase in this crucial benchmark, one that significantly impacts the cost of borrowing and, as a result, has substantially reduced the valuation of AQN's renewable assets… this increase in interest rates has effectively eroded the value of these assets, making them considerably less valuable than initially assumed by Starboard in their proposal on July 6th when they stated, 'In either case, the Company would receive a substantial influx of cash with which to pay down debt and repurchase shares.”  .....

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