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  5. AQN: Thoughts [Algonquin Power & Utilities Corp.]
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Q: Thoughts
Asked by Paul on March 25, 2024
5i Research Answer:

AQN continues to search for a permanent CEO, and Starboard has nominated three directors to its board. The stock continues to drift, but is cheap at 11X earnings with a 7% dividend. The hedge fund fight has been a distraction and the company is continuing to look at asset sales. The stock could potentially do better if interest rates fall but otherwise we would not consider it too interesting today.