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

Primary Symbol: T.AQN Alternate Symbol(s): AQN | 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 > Neither Significant nor Positive

<< Previous

Bullboard Posts

Next >>

Comment by baranjaon Nov 22, 2024 4:34pm

40 Views

Post# 36326789

RE:RE:RE: Neither Significant nor Positive

Can this company even afford the divy at all?

BSdetector2016 wrote: Well, I hope you are happy with the same Board that gave Banskota carte blanche to ruin the company. It's not just management; the Board is complicit as well for lack of proper oversight. There is no rebuilding, just selling of assets to pound down debt. I'm afraid that it will be a long wait before AQN shows any positive direction. If you want a timeline have a look at AltaGas' chart over a ten or fifteen year period; It still hasn't recovered from the Harris/Cornhill bungling.

TheBridge wrote:
BSdetector2016 wrote: There is ZERO market interest in this stock. The major bleed-down has occurred over 26 months and continues. Tax loss season this year extends right up until December 30th and the final hold-outs will be dumping right up until that date. A significant POSITIVE catalyst is required, and the entire shareholder base has to turn over before AQN bottoms-out. The CEO Insider purchase is just a PR stunt that doesn't make up for the vacuum of positive news.
BSdetector, not to dispute the situation with AQN that you have stated, but I think that the situation maybe has changed and is changing, there are a number of variables and, some yet to come, that could affect AQN's position. Investors who held AQN prior to the major bleed are more likely to have zero interest in this stock, new investors at these prices would more likely have an interest. Likely, over the 26 months of the price dive, most original investors have already departed and taken advantage of the tax loss. Those investors have sold their shares and now the shareholder base is likely made up of new holders. I am part of the new group, but I also happen to hold another investment that dropped off the cliff and bringing it back to life doesn't seem to have any potential, so I have an understanding of the risk. AQN, as you stated, needs positive a catalyst and I totally agree with your statement. But, I think I see a catalyst emerging with this management, this catalyst is going to take time but their situation is such that there is no quick fix here but they are in the process of applying their plan in rebuilding and the CEO insider purchase gives me some hope and a belief that he sees something worthwhile developing here. These are my own sentiments, I am not arguing with you and I truly value other people's views such as yours, they force me to reconsider my views. And then, sometimes I'm the one who chose wrong. Best wishes with you decisions!