TSE:AQN

Algonquin Power & Utilities Corp (AQN.TO)

7.17
+0.02 (0.28%)
as of Oct 1, 2026, 8:00:00 pm Market Open.
1390 watching
0
BUY
Green energy, both hydro and wind power. Green companies are going to get hit heard during the recession with oil prices down. If you can find a company that is going to survive this cycle and you can Buy them cheap, it will fit you up well for later on. Distribution was cut dramatically and now yields 9.4%, which is far more sustainable.
COMMENT
(Market Call Minute.) Good distribution. He himself wouldn't own it, but his partner does and would probably call it a Buy.
COMMENT
Debentures dropped when distributions where halved so the debentures should be a good Buy now. Would wait to see how their new strategy works out before buying any of the trust units but continue to Hold.
SELL
(Market Call Minute.) $50 million in free cash flow and there is some question if this will be enough to cover their debt covenants.
COMMENT
Cut the distribution and is not sure why it was cut so much. Still yields 9%. Some of the parts of their power assets are definitely higher than the current stock price. There are other power trusts that he would rather buy. (See Top Picks.)
COMMENT
Power generation trust. His least favourite sector as there is very limited pricing power. This one has a water processing business in the southwest US that is quite fascinating. Hopes they are able to surface the value in this business. A business that recycles and reprocesses a scarce commodity like water is one that you can grow a net value with. At an interesting price.
SELL
Has always over distributed. Debt levels are a little high. Would avoid this one.
DON'T BUY
She doesn't like the power space in general because of the limited growth and limited upside. This is not one of the top-quality names in that group. High payout ratio.
DON'T BUY
Acquiring Clean Power (CLE.UN-T), which should be accretive to the company. There are some synergies with this acquisition, but they're not the quality he likes to see.
HOLD
One of the names that he is a little nervous about in the power/income trust space. They wear over distributing and then came out with a convertible bond issue. Actually have some pretty good assets, but had a high payout ratio. Might sell into strength.
BUY ON WEAKNESS
There might be a new issue lurking in the background. Under $10, it's not a bad buy.
DON'T BUY
Have not been able to pay their distributions due to water problems. These utilities similar to bonds and when interest rates go up, it suffers.
DON'T BUY
In the near term, believes there is significant positive catalysts in terms of where electricity prices are. Over the longer term, this is a bit of a messy story in terms of assets. A fairly complex portfolio with a lot of complex contracts which are not clear to investors.
DON'T BUY
Has consistantly disappointed in terms of what it's been able to do operationally. Payout ratio has been substantially above 100% for a long time. Not a stable or secure trust.
BUY
Likes.
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