Algonquin Power & Utilities Corp.

AQN

CA0158571053

Multiline Utilities

Market Closed - Toronto S.E. Other stock markets 04:00:00 2024-04-26 pm EDT			5-day change	1st Jan Change
8.37 ^CAD	-0.59%		+2.45%	+0.12%

Apr. 22	Algonquin Power & Utilities Corp.(TSX:AQN.PRA) added to S&P/TSX Preferred Share Index	CI
Apr. 19	Toronto Stocks Advance; Algonquin Power Plans to Nominate Two to Board	DJ

Algonquin Power & Utilities Corp Comments on Starboard Value Director Nominations

March 22, 2024 at 06:30 am EDT

On March 22, 2024, Algonquin Power & Utilities Corp. announced that it has issued a statement regarding the director nominations submitted by Starboard Value LP to stand for election to the Company Board of Directors at the Company's 2024 Annual General Meeting of Shareholders. The Company added that the Corporate Governance Committee of the Company's Board will review the proposed nominees in accordance with the Company's guidelines.

The Company stated that the Board will present its formal recommendation with respect to the election of directors in the Company's management information circular, to be filed with Canadian securities regulatory authorities and the Securities and Exchange Commission and delivered to shareholders eligible to vote at the 2024 Annual Meeting of Shareholders. The Company recommended shareholders not required to take any action at this time.

Latest news about Algonquin Power & Utilities Corp.

Algonquin Power & Utilities Corp.(TSX:AQN.PRA) added to S&P/TSX Preferred Share Index	Apr. 21	CI
Toronto Stocks Advance; Algonquin Power Plans to Nominate Two to Board	Apr. 19	DJ
Algonquin "Sector Perform" Rating, US$6.75 Price Target Confirmed by National Bank of Canada After Board Shakeup	Apr. 19	MT
Algonquin Power & Utilities "Sector Perform" Rating, US$7 Price Target Confirmed by RBC Capital Markets After Board Changes	Apr. 19	MT
Algonquin Brief: Following the Annual Meeting, Algonquin's Board will continue to be comprised of nine directors	Apr. 18	MT
Algonquin Brief: Also Kenneth Moore, the Chair of the Board, Intends to retire Effective as of the Annual Meeting and He Will therefore Not Stand For Re-election	Apr. 18	MT
Algonquin Brief: Starboard Owns Approximately 9.0% of Algonquin's Outstanding Common Shares	Apr. 18	MT
Algonquin Brief: Starboard and the Co Also Entered Into a Non-disclosure Agreement for Purposes of Sharing Info and Having Talks Relating to Pursuit of a Sale of Co's Renewable Energy Business and Company's CEO Search	Apr. 18	MT
Algonquin Brief: Pursuant to the Agreement, Starboard has withdrawn its prior-announced director nominations for election and agreed to support the Co's nominees for election at the Annual Meeting	Apr. 18	MT
Algonquin Brief: In Connection With the Board Appointments, the Company and Starboard Value LP Have Entered Into a Cooperation Agreement Dated April 18, 2024	Apr. 18	MT
Algonquin Brief: Adding Brett Carter and Christopher Lopez to the Board of Directors	Apr. 18	MT
Algonquin Power & Utilities Corp. Announces Board Changes	Apr. 18	CI
Algonquin Power & Utilities Corp. Enters into Cooperation Agreement with Starboard Value	Apr. 18	CI
National Bank of Canada Gives Algonquin Sector Perform Rating, US$6.75 Price Target	Apr. 15	MT
Algonquin Power & Utilities Maintained at Outperform at BMO Following Management Meetings; Price Target Kept at US$7.50	Apr. 04	MT
Algonquin Brief: Announced Overnight "Successful" Remarketing In Its US$1.15 Billion Aggregate Principal Amount of 1.18% Senior Notes due June 15, 2026	Mar. 27	MT
S&P Rates Algonquin Power & Utilities' Proposed Remarketed Senior Unsecured Notes	Mar. 26	MT
Starboard Value nominates three candidates to Algonquin Power's board	Mar. 22	RE
Algonquin Comments On Starboard Value Director Nominations	Mar. 22	MT
Algonquin Brief: Commenting on Starboard Value Director Nominations	Mar. 22	MT
TSX futures rise ahead of domestic economic data; stocks eye weekly gain	Mar. 22	RE
Algonquin Power & Utilities Corp Comments on Starboard Value Director Nominations	Mar. 22	CI
Algonquin Power Shareholder Starboard Nominates 3 Candidates to Board	Mar. 21	MT
Algonquin Brief: Starboard Value s the largest shareholder of Algonquin with an ownership stake of approximately 9.0%	Mar. 21	MT
Algonquin Brief: Starboard Value Nominating Three "Highly Qualified and Independent Candidates" for Election to Algonquin Power's Board of Directors	Mar. 21	MT

Chart Algonquin Power & Utilities Corp.

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Company Profile

Algonquin Power & Utilities Corp. is a Canada-based diversified international generation, transmission, and distribution company. The Company through its two business groups, the Regulated Services Group, and the Renewable Energy Group, provides sustainable energy and water solutions through its portfolio of electric generation, transmission, and distribution utility investments to over one million customer connections, largely in the United States and Canada. The Company is engaged in renewable energy through its portfolio of long-term contracted wind, solar, and hydroelectric generating facilities. The Company owns, operates, and/or has net interests in over four gigawatts (GW) of installed renewable energy capacity. The Company is focused on its expanding global pipeline of renewable energy and electric transmission development projects, organic growth within its rate-regulated generation, distribution and transmission businesses, and the pursuit of accretive acquisitions.

Sector

Multiline Utilities

Calendar

2024-05-09 - Q1 2024 Earnings Release

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Ratings for Algonquin Power & Utilities Corp.

Trading Rating

Investor Rating

ESG Refinitiv

B+

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Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

6.114 USD

Average target price

6.82 USD

Spread / Average Target

+11.54%

Consensus

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Quarterly earnings - Rate of surprise

Company calendar

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