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Bullboard - Stock Discussion Forum 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... see more

TSX:AQN - Post Discussion

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Post by Mrlongpants on Nov 10, 2021 10:19am

GLTALongs.

34 minutes ago by MT Newswires
 

09:44 AM EST, 11/10/2021 (MT Newswires) -- RBC Capital Markets on Wednesday reiterated its outperform rating on the shares of Algonquin Power & Utilities (AQN.TO) with a US$18.00 target price following the company's US$2.85-billion purchase of Kentucky Power.

"On the surface, it may seem counterintuitive for a utility and renewable developer with strong ESG credentials to acquire a vertically integrated utility with significant coal-fired power assets. However, we believe that once investors dig into the details, they'll see the strategic rationale and the opportunity for significant rate base and earnings growth," the investment bank said in a report. "We are reiterating our Outperform rating and believe the market will gradually warm up to the pending $2.8 billion Kentucky Power acquisition."

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)

Price: 18.00, Change: +0.23, Percent Change: +1.29

Comment by Mrlongpants on Nov 10, 2021 10:21am
TD Investment Conclusion AQN's share price has declined 20% since peaking in mid-February vs. an average decline of 6% for relevant comps. We attribute underperformance to a perceived funding overhang in advance of this acquisition announcement and to a decelerating growth pipeline. We believe that the recent underperformance is excessive. Given the valuation contraction, Algonquin's ...more  
Comment by theman0 on Nov 11, 2021 11:36am
and the pump and dump is on!
Comment by GassXX on Nov 11, 2021 2:52pm
good info
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