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Algonquin Power & Utilities ( (TSE:AQN) ) just unveiled an update.
Algonquin Power & Utilities Corp. has completed the sale of its non-regulated renewable energy business to a subsidiary of LS Power, marking a strategic shift to focus on becoming a pure-play regulated utility. The transaction, along with a prior sale of its stake in Atlantica Sustainable Infrastructure, signifies a pivotal step in reducing the company’s complexity and enhancing its financial position by using the proceeds to pay down debt.
More about Algonquin Power & Utilities
Algonquin Power & Utilities Corp., the parent company of Liberty, is a diversified international utility engaged in generation, transmission, and distribution. It provides energy and water solutions to over a million customer connections, primarily in the U.S. and Canada. The company is listed on the Toronto Stock Exchange and New York Stock Exchange under various symbols.
YTD Price Performance: -1.98%
Average Trading Volume: 5,420,523
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $3.44B
See more insights into AQN stock on TipRanks’ Stock Analysis page.
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