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Algonquin Power - AQN STOCK NEWS

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

Algonquin Power & Utilities Corp (AQN) delivers essential utility services and renewable energy solutions across North America. This page provides centralized access to official company announcements, financial updates, and strategic developments.

Investors and stakeholders will find timely updates on earnings reports, regulatory filings, infrastructure investments, and sustainability initiatives. Our curated collection includes press releases detailing operational milestones, partnership announcements, and progress toward renewable energy targets.

Key areas of coverage include rate-regulated utility operations, renewable energy project updates, and strategic acquisitions. Content is organized for quick scanning while maintaining compliance with financial disclosure standards.

Bookmark this page for direct access to AQN's latest developments in water, electricity, and natural gas services alongside their growing portfolio of wind, solar, and hydroelectric assets. Check regularly for unfiltered updates straight from company sources.

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Algonquin Power & Utilities Corp. (TSX: AQN) (NYSE: AQN) announces a support agreement with Energy Capital Partners and Atlantica Sustainable Infrastructure plc (NASDAQ: AY). AQN's subsidiary Liberty, holding 42.2% of Atlantica shares, will vote in favor of Bidco's acquisition of Atlantica for $22.00 per share, a transaction valuing Atlantica at approximately $2,555 million. This represents an 18.9% premium on Atlantica's closing price on April 22, 2024. Proceeds from AQN's $1,077 million stake will help reduce debt and focus on becoming a pure-play regulated utility. The transaction, subject to several approvals, is expected to close by late 2024 or early 2025.

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Algonquin Power & Utilities Corp. announced second quarter 2024 dividends: US$0.1085 per common share payable on July 15, 2024, and C$0.41100 and C$0.42831 per preferred shares, Series A and D respectively, payable on July 2, 2024. The dividends will be paid in cash, and the DRIP for common shares was suspended in March 2023. Shareholders can choose to receive dividends in either U.S. dollars or Canadian dollars.

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Algonquin Power & Utilities Corp. appointed Chris Huskilson as CEO, emphasizing strategic transformation and cost reduction. The company reported positive growth in Q1 financial results but also a decrease in adjusted net earnings. Various financing transactions closed to support business simplification and growth. The CEO highlighted progress on strategic initiatives and future plans.

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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.
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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.
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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.
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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.
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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.
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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.
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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.
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NYSE:AQN

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AQN Stock Data

4.15B
766.81M
0.07%
65.18%
2.39%
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