Algonquin Power & Utilities (TSE:AQN) has released an update.
Algonquin Power & Utilities Corp. reports a steady financial performance in Q2 2024, with key sales figures unchanged and profit margins showing healthy increases. The company is undergoing a strategic shift towards becoming a fully regulated utility, with a $2.5 billion cash sale of its renewable energy business and a reduction in capital expenditures and dividends for enhanced financial flexibility.
For further insights into TSE:AQN stock, check out TipRanks’ Stock Analysis page.
