News

Algonquin: Searching For Value After The Collapse, 7.1% Dividend Yield

  • Algonquin is looking to divest its renewable energy group to address debt and keep its investment-grade credit rating. The utility is currently paying out a 7.1% dividend yield that's 224% covered by adjusted FFO realized during its most recent quarter. A sale of its 42% stake in Atlantica Sustainable Infrastructure would have to be completed against poor stock market conditions for renewables.
    01/26/2024

The More It Drops, The More I Buy

  • The recent sell-off in utilities, financials, and precious metals stocks is due to rising treasury yields as a result of hawkish comments from Federal Reserve officials and robust economic data. We explain why this sell-off is unlikely to last. We also share some of our top picks that we are buying on the dip.
    01/19/2024
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Algonquin Power & Utilities Corp. (AQNU) can hold. Click on Rating Page for detail.

The price of Algonquin Power & Utilities Corp. (AQNU) is 19.34 and it was updated on 2024-06-25 07:01:46.

Currently Algonquin Power & Utilities Corp. (AQNU) is in undervalued.

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Starboard Value Now Owns 5.10% of Algonquin Power & Utilities (AQN)

  • Fintel reports that Starboard Value has filed a 13D/A form with the SEC disclosing ownership of 34.89MM shares of Algonquin Power & Utilities Corp (AQN).
    Mon, Jul. 10, 2023

Big Question for Algonquin Power & Utilities: Sell or Not to Sell Renewables Biz?

  • While a sale of the Renewable Energy Group could simplify Algonquin's story with investors, risks are associated with doing so.
    Tue, May. 16, 2023

Algonquin: Switch The Commons For The 14% Yield Equity Units

  • Algonquin just cut its dividend to common shareholders by 40% for a rightsized 5.4% forward yield. This was on the back of interest expenses up 62% year-over-year during its fiscal 2022 fourth quarter and against a total debt position of $7.55 billion.
    Sun, Mar. 26, 2023

Stock Market Sell-Off: Is Algonquin Power & Utilities a Buy?

  • The company's stock fell hard, but investors should think twice before buying this discounted high-yield stock.
    Thu, Feb. 23, 2023

Why Algonquin Power & Utilities Stock Crashed 51.7% in 2022

  • Will Algonquin stock recover in 2023? Its upcoming investor and analyst day event should give you the answers.
    Wed, Jan. 11, 2023
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Algonquin And Atlantica Sustainable: Paying The Piper

  • The news out of Algonquin Power & Utilities Corp. was bad. But investors might be surprised at the magnitude of the reaction.
  • 11/13/2022

Why Algonquin Power & Utilities Plunged 19.4% Friday Morning

  • Third-quarter earnings weren't what investors expected.
  • 11/11/2022
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