Can Algonquin Power Shoot the Lights Out?

It’s not often that a stock jumps almost 7% in a single day because of an analyst upgrade. Nevertheless, that’s what happened on October 1 when Desjardins published a note about Algonquin Power & Utilities (“AQN”). (Disclosure: Jeff Pollock and Sunni Schneider directly and indirectly hold a financial interest in AQN as shareholders.) “We are upgrading […]

After Gaining +30%, is Canadian Utilities Running Out of Gas?

Our investment in Canadian Utilities (“CU”), which delivers gas and electricity, in November 2023 was based on a straightforward premise: its attractive 5.7% dividend yield positioned it as a prime beneficiary of anticipated interest rate cuts. We believed falling rates would naturally enhance the appeal of high-yielding dividend stocks like CU for income investors seeking […]