Q: Hi 5i
Is anything expected of AQN in the near to mid term to turn its fortunes around ? You've mentioned previously you consider it a hold ... how long would you monitor this one for signs of a turnaround ? Frustrated but willing to see how this plays out.
Is anything expected of AQN in the near to mid term to turn its fortunes around ? You've mentioned previously you consider it a hold ... how long would you monitor this one for signs of a turnaround ? Frustrated but willing to see how this plays out.
5i Research Answer:
The stock might be range bound as it plans to sell its renewable business. Much will depend on how much it gets. The initial investor reaction was somewhat negative. If interest rates peak, which they appear to be doing, the stock should do better. We would give this until year end, and then consider the possibility of a tax sale (if applicable) and then a reconsider in 2024.