Algonquin Power & Utilities Corp (AQN.TO)

Has since sold shares (January 2023). Company in big trouble with floating rate debt. Recent dividend cut very hard on investors. Renewal power business up for sale, but not getting much interest. Would recommend selling and/or not investing. Dividend also not growing. 

Long term in Canada, utilities rank #16 out of 18; short term it's #15. Took small position based on really good value. Support at $7.75, and $6.84. Decent dividend. Buy 1/2, leave it, then decide if you want to buy more based on strength.

He was a longtime holder until the last CEO left. It was a very well-run business, but they overextended to buy assets in Spain. The structure was complicated. All the independent power producers suffered higher costs for materials as interest rates rose. AQN has new managers who did a strategic review, so AQN appears more stable. Was upgraded today. We may have seen a bottom below $7. 

He is uncertain as to whether to add to it but is interested. It has been in a downward trend with a recent upturn. It is showing a reverse head and shoulders which is a good sign.

Strategic review right now. Don't get in right now. See how the review goes.

He owns the rate reset, preferred shares. Flat this year, but resetting at over 6%. Difficult, contractually, to cut the preferred dividend. If these shares were redeemed, you could make a significant capital gain.

Added at share price below $10. Good time to buy at current share price. Would add more. 

If you've held on through this year's ups and downs, keep holding. For a new position, look elsewhere. Utility sector has been hard hit, as higher-for-longer interest rate expectations took hold. AQN went down more than most because of its specific issues. Utilities are recovering. It will find its footing. 

A good utility. Prices have come down so much that they are now a buy.

It has issues with rising interest rates and there has been a management change. It plans to sell its renewable power division but this is not a good time to be selling. Also it is not likely to increase its dividend.

It has issues with rising interest rates and there has been a management change. It plans to sell its renewable power division but this is not a good time to be selling. Also it is not likely to increase its dividend.

He once owned it, but got stopped out. Is definitely consolidating and is finding support, but this consolidating isn't confirmed. Hold off on buying it now, but if this moves into a range, you can buy it and hope it breaks out.

Controversial pick, but sticking with the name given fundamentals of company. 2/3 regulated utilities (water) are very attractive assets. Excellent long term value. Assets very hard to replicate. May be one more dividend cut, but believes a good time to buy. 

Following its dividend cut last year, AQN underwent a strategic review and is hoping to sell its renewables division. Activist investors got involved, and the CEO took the fall and exited the company. It now has an interim CEO. The current interest rate curve has not been good to the sector at all, and most are down a lot. Analysts note also that high rates likely mean AQN will get less for any asset sale. Lots of uncertainty here is the likely reason for the decline. 
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If you're holding it in your cash account, don't be afraid to sell and trigger a loss that can be used to offset some gains. Company is still in repair. If you have a capital loss, sell and move on.

Debt profile changed. Dividend level is fine now, but he models flat growth. CEO transition. Cheap relative to peers, but not as cheap as ALA with less hair on it. Don't sell now, but when you get a chance to, you can move to another name.