Algonquin Power Stock Price, News & Analysis

Algonquin Power & Utilities Corp. (AQN) has priced its upsized public offering of 20 million equity units, generating gross proceeds of $1 billion. The Offering is set to close on or about June 23, 2021, pending customary conditions. The equity units, priced at $50 each, will provide total annual distributions at a rate of 7.75%. The net proceeds, estimated at $976 million (or $1.12 billion if the underwriter's option is fully exercised), will finance renewable energy projects, aligning with AQN's commitment to sustainability.

Algonquin Power & Utilities Corp. (AQN) announced a public offering of equity units totaling up to $900 million, pending market conditions. The offering includes an option for underwriters to acquire an additional 15% of equity units. Proceeds will fund renewable energy projects, supporting AQN's commitment to sustainable solutions. Each equity unit, priced at $50, consists of a contract to purchase common shares and a 5% interest in the company's senior notes. Listing on the NYSE is anticipated within 30 days following issuance.

Algonquin Power & Utilities Corp. (AQN) held its virtual annual meeting on June 3, 2021, where all proposed director nominees were elected for the upcoming year. Key voting results showed significant shareholder support, with Arun Banskota receiving 99.81% approval. Shareholders also re-appointed Ernst & Young LLP as auditors and endorsed the company’s executive compensation approach. AQN, with approximately $15 billion in assets, focuses on sustainable energy solutions and operates over 3 GW of renewable generation capacity.

Algonquin Power & Utilities Corp. (AQN) reported strong financial results for Q1 2021, with revenues increasing by 36% to $634.5 million and adjusted EBITDA up by 17% to $282.9 million. The company also announced a 10% increase in its annual common share dividend to $0.6824 per share. Key achievements include the completion of substantial renewable energy projects and the integration of recent utility acquisitions. Overall, adjusted net earnings rose by 21% year-over-year, signaling robust operational growth.

Algonquin Power & Utilities Corp. (AQN) has announced a 10% increase in its annual common share dividend to U.S. $0.6824, payable quarterly at U.S. $0.1706 per share. The first payment will be made on July 15, 2021, to shareholders of record by June 30, 2021. Preferred Share dividends are also declared at C$0.32263 for Series A and C$0.31819 for Series D, both payable on June 30, 2021. Algonquin is committed to sustainable energy solutions with a focus on renewable sources and holds around $15 billion in total assets.

Algonquin Power & Utilities Corp. (AQN) will release its first quarter 2021 financial results on May 6, 2021, after market close. A conference call will follow on May 7, 2021, at 10:00 a.m. ET, hosted by CEO Arun Banskota and CFO Arthur Kacprzak. AQN, with approximately $13 billion in total assets, is focused on sustainable energy solutions and operates over 3 GW of installed capacity across its renewable energy projects.

Algonquin Power & Utilities Corp. (AQN) announced the appointment of Carol Leaman to its Board of Directors, enhancing its leadership diversity. Leaman, President & CEO of Axonify, Inc., brings extensive experience from the technology sector, aiming to contribute to the company’s growth. The board expects her insights to bolster ongoing success. AQN, with approximately $13 billion in assets, focuses on sustainable energy solutions through its regulated and renewable energy groups, serving over one million customers primarily in the U.S. and Canada.

Algonquin Power & Utilities Corp. (AQN) reported robust fourth quarter and full year 2020 results, showcasing significant year-over-year growth across all major financial metrics. Annual revenues reached $1,677.1 million, up 3%, with Adjusted Net Earnings increasing by 14% to $365.8 million. The company undertook a $9.4 billion capital expenditure plan aimed at sustaining this growth trajectory. Notably, AQN expanded its customer base beyond one million through strategic acquisitions and maintained resilience amid the COVID-19 pandemic, although the recent Midwest Extreme Weather Event is projected to impact earnings in 2021.

Algonquin Power & Utilities Corp. (AQN) declared preferred share dividends for Q1 2021. Series A shareholders will receive C$0.32263 per share, and Series D shareholders will receive C$0.31819. Both dividends are payable on March 31, 2021 to holders of record on March 15, 2021. These dividends qualify as eligible dividends under the Income Tax Act of Canada. AQN operates with $13 billion in total assets and focuses on providing sustainable energy solutions, boasting over 3 GW of installed capacity.