2024-03-11 05:45:04 ET
Summary
- Algonquin Power & Utilities had a stronger Q4-2023 than expected, beating earnings estimates and adjusted EBITDA by 10%.
- AQN did not provide guidance for 2024 due to its focus on selling its renewable business.
- We look at how this is likely to play out for Algonquin and the related company, Atlantica Sustainable.
In our last coverage of Algonquin Power & Utilities Corp. ( AQN ), ( AQN:CA ), we remained optimistic while the bulk of the income-chasing crowd had thrown in the towel. That said, we did not have high hopes for our total return prospects....
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Algonquin: Atlantica Sustainable Sale Looks Probable Soon