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Algonquin Power & Utilities Corp - AQN STOCK NEWS

Welcome to our dedicated news page for Algonquin Power & Utilities (Ticker: AQN), a resource for investors and traders seeking the latest updates and insights on Algonquin Power & Utilities.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Algonquin Power & Utilities's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Algonquin Power & Utilities's position in the market.

News
Algonquin Power & Utilities Corp. to Add Brett Carter and Christopher Lopez to the Board of Directors
Rhea-AI Summary
Algonquin Power & Utilities Corp. announced the addition of Brett Carter and Christopher Lopez to its Board of Directors. This decision follows the retirement plans of Masheed Saidi and Kenneth Moore. The Company entered into a cooperation agreement with Starboard Value LP, withdrawing previously-announced director nominations. The Agreement includes provisions on Board composition, voting, and discussions regarding the sale of the Company's renewable energy business and CEO search. The new Board members bring expertise in utility operations, regulatory matters, and corporate finance. Algonquin aims to enhance shareholder value through strategic transformation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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Tags
management
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News
Algonquin Power & Utilities Corp. Announces Date for First Quarter 2024 Financial Results and Conference Call
Rhea-AI Summary
Algonquin Power & Utilities Corp. (AQN) is set to announce its first quarter 2024 financial results on May 10, 2024. The earnings conference call will be hosted by Interim CEO Chris Huskilson and CFO Darren Myers at 8:30 a.m. ET.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.66%
Tags
earnings
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News
Algonquin Power & Utilities Corp. Announces Successful Remarketing of 1.18% Senior Notes due 2026
Rhea-AI Summary
Algonquin Power & Utilities Corp. successfully remarkets $1,150,000,000 Senior Notes due June 15, 2026. The Notes will bear interest at 5.365% per year and the remarketing is expected to close on March 28, 2024. Proceeds will be used to purchase treasury securities and settle Purchase Contracts.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.82%
Tags
none
News
Algonquin Comments on Starboard Value Director Nominations
Rhea-AI Summary
Algonquin Power & Utilities Corp. responds to director nominations by Starboard Value LP for the 2024 Annual Meeting of Shareholders. The company is focused on enhancing shareholder value through key initiatives like selling its renewable energy business and repositioning for a more efficient future.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.49%
Tags
none
-
News
Algonquin Power & Utilities Corp. Announces Results of Exercise of Conversion Rights of Cumulative Rate Reset Preferred Shares, Series D
Rhea-AI Summary
Algonquin Power & Utilities Corp. (AQN) announced that none of its outstanding 4,000,000 Cumulative Rate Reset Preferred Shares, Series D will be converted into Cumulative Floating Rate Preferred Shares, Series E. Less than 1,000,000 Series D Preferred Shares were tendered for conversion during the notice period, resulting in no issuance of Series E Preferred Shares.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.19%
Tags
none
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News
Algonquin Power & Utilities Corp. Declares First Quarter 2024 Common Share Dividend of U.S.$0.1085 (C$0.1468), and Declares First Quarter 2024 Preferred Share Dividends
Rhea-AI Summary
Algonquin Power & Utilities Corp. (AQN) announces dividend payouts for common and preferred shares, with US$0.1085 per common share and varying amounts for preferred shares. Dividends to be paid in cash, with options for Canadian dollar payouts. The company suspended its DRIP for common shares in 2023. Shareholders can choose to receive dividends in either US dollars or Canadian dollars. Dividends declared qualify as eligible dividends under Canadian tax laws.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.91%
Tags
dividends earnings
News
Algonquin Power & Utilities Corp. Announces 2023 Fourth Quarter and Full Year Financial Results
Rhea-AI Summary
Algonquin Power & Utilities Corp. announces financial results for Q4 and full year 2023, highlighting growth in Adjusted EBITDA and Net Earnings. The Company plans to refocus its operations and sell its renewables business in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.91%
Tags
earnings
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News
Algonquin Power & Utilities Corp. Announces Dividend Rates on Cumulative Rate Reset Preferred Shares, Series D, and Cumulative Floating Rate Preferred Shares, Series E
Rhea-AI Summary
Algonquin Power & Utilities Corp. announces dividend rates for its Series D and Series E Preferred Shares. The dividend rates for Series D and Series E Preferred Shares are determined based on government bond yields. Holders of Series D Preferred Shares will receive fixed cumulative preferential cash dividends, while holders of Series E Preferred Shares will receive floating rate cumulative preferential cash dividends. The announcement includes specific dividend rates for upcoming periods and conversion instructions for Series D Preferred Shares.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.17%
Tags
dividends
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News
Algonquin Power & Utilities Corp. Announces Conversion Rights for Cumulative Rate Reset Preferred Shares, Series D
Rhea-AI Summary
Algonquin Power & Utilities Corp. announces the decision not to redeem 4,000,000 Cumulative Rate Reset Preferred Shares, Series D and provides details on the conversion process into Cumulative Floating Rate Preferred Shares, Series E. The dividend rates for both series will be determined on March 1, 2024. Holders have until March 18, 2024, to convert their shares.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.51%
Tags
none
News
Algonquin Power & Utilities Corp. Appoints New Independent Director
Rhea-AI Summary
Algonquin Power & Utilities Corp. appoints David Levenson, a former Managing Partner at Brookfield Asset Management, to its Board of Directors. The Board now consists of nine directors, eight of whom are independent. The appointment is part of the company's strategic transformation into a pure play regulated utility, aiming to simplify the business, enhance shareholder value, and position the company for future growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.48%
Tags
management
Stock AQN logo
Algonquin Power & Utilities Corp

NYSE:AQN

AQN Rankings

#1300 Ranked by Market Cap
#4788 Ranked by Stock Gains
#211 Ranked by Dividends

AQN Stock Data

3.92B
626.42M
0.06%
61.39%
1.84%
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About AQN

algonquin power & utilities corp. is a $3.6 billion north american diversified generation, transmission and distribution utility. the distribution and transmission utilities operate in the united states and provide rate regulated water, electricity and natural gas utility services to over 485,000 customers. the non-regulated generation utility owns or has interests in a portfolio of contracted wind, solar, hydroelectric and natural gas powered generating facilities representing more than 1,100 mw of installed capacity in the united states and canada. algonquin power & utilities delivers continuing growth through an expanding pipeline of renewable energy development projects, organic growth within its regulated distribution and transmission utilities, and the pursuit of accretive acquisitions. common shares and preferred shares are traded on the toronto stock exchange under the symbols aqn, aqn.pr.a and aqn.pr.d. visit algonquin power & utilities at www.algonquinpowerandutilities.com an