Cdn. Yield: Corps, Trusts, GICs, Pref. Shares - Algonquin Power & Utilities Corp. Offering - Cdn. Yield: Corps, Trusts, GICs, Pref. Shares - InvestorVillage


Cdn. Yield: Corps, Trusts, GICs, Pref. Shares
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Msg  110767 of 110938  at  10/27/2021 1:16:29 AM  by

BlueGrama

The following message was updated on 10/27/2021 1:17:21 AM.

 In response to msg 110766 by  windsurfer12
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Re: Algonquin Power & Utilities Corp. Offering

 
I can't really answer your question why it's trading low.  Maybe partly fear of rising interest rates.  Maybe partly fear of "wind don't blow" like you mention.  Many utilities and interest-sensitives seem to be down, including green ones.  It might be mostly a general sector thing.
 
AQN is about 1.3% of my portfolio.  It has disappointed so far.  I've a small positive return but that may disappear tomorrow.  I must confess I bought it on macro considerations and expert recommendations rather than my own careful financial analysis.
 
One "highlight" in their announcement struck me badly.  They say "an opportunity to replace over 1 GW of rate based fossil fuel generation with renewable energy."  Does that mean they bought a problem?  Is it shareholder friendly to buy a bad thing and then spend money to fix it?  Calling a problem an "opportunity" doesn't impress me.  Sounds like hype.
 
Plus the new offering is 2.5% below the last close, which was relatively low in itself.
 
Right now I wish I didn't own it.
 
 
 
 
 


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