AQN - Why Algonquin Power & Utilities Stock Crashed 51.7% in 2022
Algonquin Power & Utilities (NYSE: AQN) stock plunged 51.7% in 2022, according to data provided by S&P Global Market Intelligence . If you look at its performance graph, it is evident the utility stock saw aggressive selling only in the latter half of the year, especially in the last quarter.
There's a reason behind this: Some of Algonquin's numbers and the things it said signal rough times ahead including a potential dividend cut, and that triggered panic-selling in the stock.
A crucial business update coming up on Jan. 12 could decide where Algonquin stock will head in 2023.
For further details see:
Why Algonquin Power & Utilities Stock Crashed 51.7% in 2022