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  5. AQN: Seems like many of the renewable stocks are showing weak earnings and/or weak stock prices. [Algonquin Power & Utilities Corp.]
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Q: Seems like many of the renewable stocks are showing weak earnings and/or weak stock prices. Is this a short/.medium/long term trend? Are they short term covid related issues?

Asked by Albert on August 13, 2021
5i Research Answer:

We do not think it is a covid impact, rather, some air is being let out from last year's giant rally, and also with some concern over rising interest rates. There is also a 'risk on' appetite in the market, meaning less demand for 'safer' utility stocks