
TSE:AQN
It's one of the few reliable renewable stocks to invest in. It's reliable, though not a slam dunk like TC Energy because something could happen to it. But it's pretty good and pays a 4.5% yield.
Been rolling over lately. Is there running room to come? Yes, it has rolled over, because they raised money to pay down debt. Now is a buying opportunity. It probably won't jump another third to $24, but the dividend offers a good return. Buy below $18. It needs a US acquisition that they're planning to push the stock up.
Sell Fortis and AQN to buy OTEX? AQN is a great utility; they've done a good job growing. He owns Emera in this space. Utilities have done very well until recently when a trade deal looked possible. He'd own OTEX before AQN, because it has generated a higher return on equity historically. Occasionally, OTEX makes a big acquisition to surprise the market in a good way. OTEX is doing more cloud work, which amounts to wider margins.
A good company. It's clean power like wind which is popular. Pays a good yield. A good alternative to Emera or Fortis.