Algonquin Power & Utilities Corp. Common Shares (AQN)
4.9450
+0.1450 (3.02%)
Algonquin Power & Utilities Corp. is a diversified renewable energy and utility company that focuses on generating power from renewable sources such as wind, solar, and hydroelectric facilities
The company operates in both the renewable energy sector and the utility sector, providing essential services to customers including electricity, natural gas, and water. Algonquin is committed to sustainable practices and aims to contribute to the transition towards a cleaner energy future while delivering reliable services to its consumers. Through its various projects and initiatives, the company actively engages in expanding its renewable energy portfolio and enhancing its utility operations.
For 2024, Algonquin is expected to report an EPS of $0.39 and revenue of $2.71 billion. While it beat earnings expectations in 2024, it missed revenue expectations.
All three major indices were red in Friday’s midday trading, with the S&P 500 and Nasdaq 100 down 1% and 1.24%, respectively, and on track for their worst weeks since September 2024.
Algonquin Power & Utilities Corp reported Q4 FY23 results with revenue of $666.9M, beating consensus. Dividend of $0.1085 approved. No 2024 EPS guidance due to planned sale of renewable energy business.
