Q: Aqn had a significant bounce last week on what seems like a preview to their official earnings release in early June. Can you expand?
5i Research Answer:
AQN released full numbers, and there was a solid 'beat' on earnings (44%) and revenue (6%). Weather tailwinds helped the results but also the company did better on cost controls. EPS of 14c was flat year over year. If costs can remain under control then we may see more interest in the stock. It has bounced nicely this year, up 25%.