• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
PublishDashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI employees
    Legal
    Terms of usePrivacy policyCookie policy

    Algonquin Power & Utilities Corp. Completes Sale of Atlantica Sustainable Infrastructure Stake

    12/12/24 12:12:00 PM ET
    $AQN
    $AY
    Electric Utilities: Central
    Utilities
    Electric Utilities: Central
    Utilities
    Get the next $AQN alert in real time by email

    Algonquin Power & Utilities Corp. (TSX/NYSE:AQN) ("AQN" or the "Company") announced today it has completed the sale of its 42.2% equity interest in Atlantica Sustainable Infrastructure plc (NASDAQ:AY) ("Atlantica").

    "We are pleased with the timely and effective execution of this transaction," said Chris Huskilson, Chief Executive Officer of AQN. "One of my main priorities since the beginning of my tenure as CEO was to optimize the value of our investment of Atlantica, and with the completion of the sale today we have realized that goal. While there is more work to do, this also marks a pivotal step in AQN's strategic transition to becoming a pure-play regulated utility company with a more focused and simplified structure and investment thesis."

    AQN intends to use the net proceeds from the sale to help reduce debt and recapitalize its balance sheet as part of its ongoing strategic transition to a pure play regulated utility.

    J.P. Morgan Securities LLC served as the exclusive financial advisor to AQN, and Weil, Gotshal & Manges LLP acted as legal advisor to AQN in connection with the transaction.

    About Algonquin Power & Utilities Corp. and Liberty

    Algonquin Power & Utilities Corp., parent company of Liberty, is a diversified international generation, transmission, and distribution utility. AQN is committed to providing safe, secure, reliable, cost-effective, and sustainable energy and water solutions through its portfolio of generation, transmission, and distribution utility investments to over one million customer connections, largely in the United States and Canada. In addition, AQN owns, operates, and/or has net interests in over 4 GW of installed renewable energy capacity. AQN's common shares, preferred shares, Series A, and preferred shares, Series D are listed on the Toronto Stock Exchange under the symbols AQN, AQN.PR.A, and AQN.PR.D, respectively. AQN's common shares and Series 2019-A subordinated notes are listed on the New York Stock Exchange under the symbols AQN and AQNB, respectively.

    Visit AQN at www.algonquinpower.com and follow us on X.com @AQN_Utilities.

    Caution Regarding Forward-Looking Information

    Certain statements included in this news release constitute ‘‘forward-looking information'' within the meaning of applicable securities laws in each of the provinces and territories of Canada and the respective policies, regulations and rules under such laws and ‘‘forward-looking statements'' within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 (collectively, ‘‘forward-looking statements"). The words "will" and "intends" (and grammatical variations of such terms) and similar expressions are often intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Specific forward-looking statements in this news release include, but are not limited to, statements regarding: the Company's strategic transition to becoming a pure-play regulated utility company with a more focused and simplified structure and investment thesis; and the expected use of the net proceeds from the sale of the Company's interest in Atlantica. These statements are based on factors or assumptions that were applied in drawing a conclusion or making a forecast or projection, including assumptions based on historical trends, current conditions and expected future developments. Since forward-looking statements relate to future events and conditions, by their very nature they require making assumptions and involve inherent risks and uncertainties. AQN cautions that although it is believed that the assumptions are reasonable in the circumstances, these risks and uncertainties give rise to the possibility that actual results may differ materially from the expectations set out in the forward-looking statements. Forward-looking statements contained herein are provided for the purposes of assisting in understanding the Company and its business, operations, risks and financial performance and to present information about management's current expectations and plans relating to the future and such information may not be appropriate for other purposes. Material risk factors and assumptions include those set out in AQN's Annual Information Form and Annual Management Discussion and Analysis for the year ended December 31, 2023, and Management Discussion and Analysis for the three and nine months ended September 30, 2024, each of which is available on SEDAR+ and EDGAR. Given these risks, undue reliance should not be placed on these forward-looking statements, which apply only as of their dates. Other than as specifically required by law, AQN undertakes no obligation to update any forward-looking statements to reflect new information, subsequent or otherwise.

    View source version on businesswire.com: https://www.businesswire.com/news/home/20241211285427/en/

    Get the next $AQN alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $AQN
    $AY

    CompanyDatePrice TargetRatingAnalyst
    Algonquin Power & Utilities Corp.
    $AQN
    6/4/2025$6.75Outperform → Sector Perform
    National Bank Financial
    Algonquin Power & Utilities Corp.
    $AQN
    12/12/2024$7.00Neutral
    Analyst
    Algonquin Power & Utilities Corp.
    $AQN
    9/5/2024Neutral
    Janney
    Algonquin Power & Utilities Corp.
    $AQN
    8/12/2024Outperform → Mkt Perform
    Raymond James
    Algonquin Power & Utilities Corp.
    $AQN
    8/12/2024$8.50 → $6.00Overweight → Equal Weight
    Wells Fargo
    Atlantica Sustainable Infrastructure plc
    $AY
    5/30/2024$25.00 → $22.00Buy → Neutral
    UBS
    Atlantica Sustainable Infrastructure plc
    $AY
    5/29/2024Buy → Neutral
    Seaport Research Partners
    Atlantica Sustainable Infrastructure plc
    $AY
    4/3/2024Outperform → Sector Perform
    National Bank Financial
    More analyst ratings

    $AQN
    $AY
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Algonquin Power & Utilities Corp. Names Amy Walt Chief Customer Officer

      Algonquin Power & Utilities Corp. (TSX/NYSE:AQN) ("AQN", "Algonquin" or the "Company") today announced the appointment of Amy Walt as Chief Customer Officer, effective June 30. In this role, Ms. Walt will be responsible for overseeing all aspects of the customer experience across the Company's water, gas, and electric operations. Reporting directly to the Chief Executive Officer, she will be responsible for setting the Company's customer-focused strategy and an operating model that supports sustainable affordability, reliability, and innovation. "Amy's expertise in data analytics, process improvement, and customer-centric strategy makes her exceptionally well-suited to help us strengthen

      6/18/25 5:00:00 PM ET
      $AQN
      Electric Utilities: Central
      Utilities
    • Algonquin Power & Utilities Corp. Names Noel Black Chief Regulatory and External Affairs Officer

      Algonquin Power & Utilities Corp. (TSX/NYSE:AQN) ("AQN", "Algonquin" or the "Company") today announced the appointment of Noel Black as Chief Regulatory and External Affairs Officer, effective June 30. In this newly created role, Mr. Black will lead the Company's regulatory strategy, government and stakeholder relations, and external communications functions. Reporting directly to the Chief Executive Officer, he will drive enterprise strategy and alignment, working closely with regulatory commissions, policymakers, community leaders, and other external stakeholders, to advance Algonquin's pure-play utility objectives. "Noel brings a rare combination of regulatory fluency, public affairs a

      6/9/25 5:00:00 PM ET
      $AQN
      $SO
      Electric Utilities: Central
      Utilities
    • Algonquin Power & Utilities Corp. Holds Annual Meeting of Shareholders and Announces Election of Board of Directors

      Algonquin Power & Utilities Corp. ("AQN" or the "Company") (TSX/NYSE:AQN) today held an annual meeting of common shareholders. At the meeting, each of the following 11 nominees listed in the Company's management information circular dated April 24, 2025 were elected as directors of AQN pursuant to a vote by ballot: Nominee Votes For % For Votes Against % Against Brett Carter 445,237,184 96.47 16,311,561 3.53 Amee Chande 459,368,238 99.53 2,181,565 0.47 Daniel Goldberg 426,493,805 92.40 35,054,939 7.60 Christopher Huskilson 459,454,425 99.55 2,

      6/3/25 5:00:00 PM ET
      $AQN
      Electric Utilities: Central
      Utilities

    $AQN
    $AY
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • SEC Form 3 filed by new insider Molinelli Gavin

      3 - ALGONQUIN POWER & UTILITIES CORP. (0001174169) (Issuer)

      5/30/25 7:32:43 PM ET
      $AQN
      Electric Utilities: Central
      Utilities

    $AQN
    $AY
    SEC Filings

    See more
    • SEC Form 6-K filed by Algonquin Power & Utilities Corp.

      6-K - ALGONQUIN POWER & UTILITIES CORP. (0001174169) (Filer)

      6/18/25 5:04:43 PM ET
      $AQN
      Electric Utilities: Central
      Utilities
    • SEC Form 6-K filed by Algonquin Power & Utilities Corp.

      6-K - ALGONQUIN POWER & UTILITIES CORP. (0001174169) (Filer)

      6/9/25 5:12:47 PM ET
      $AQN
      Electric Utilities: Central
      Utilities
    • SEC Form 6-K filed by Algonquin Power & Utilities Corp.

      6-K - ALGONQUIN POWER & UTILITIES CORP. (0001174169) (Filer)

      6/3/25 5:10:26 PM ET
      $AQN
      Electric Utilities: Central
      Utilities

    $AQN
    $AY
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • Algonquin Power & Utilities downgraded by National Bank Financial with a new price target

      National Bank Financial downgraded Algonquin Power & Utilities from Outperform to Sector Perform and set a new price target of $6.75

      6/4/25 7:32:21 AM ET
      $AQN
      Electric Utilities: Central
      Utilities
    • Analyst resumed coverage on Algonquin Power & Utilities with a new price target

      Analyst resumed coverage of Algonquin Power & Utilities with a rating of Neutral and set a new price target of $7.00

      12/12/24 7:24:56 AM ET
      $AQN
      Electric Utilities: Central
      Utilities
    • Janney initiated coverage on Algonquin Power & Utilities

      Janney initiated coverage of Algonquin Power & Utilities with a rating of Neutral

      9/5/24 7:37:28 AM ET
      $AQN
      Electric Utilities: Central
      Utilities