Algonquin Power & Utilities Corp. Will Pursue Sale Of Renewable Energy Group Following Strategic Review
Portfolio Pulse from Benzinga Newsdesk
Algonquin Power & Utilities Corp. has announced its intention to sell its Renewable Energy Group following a strategic review.
August 10, 2023 | 10:31 am
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Algonquin Power & Utilities Corp. (AQN) plans to sell its Renewable Energy Group, which could potentially impact the company's stock price.
The sale of the Renewable Energy Group could lead to a significant change in the company's asset structure and potentially its revenue streams. This could have a neutral to positive impact on the stock price, depending on the sale price and the company's future plans for the proceeds.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100