Algonquin Power & Utilities (TSE:AQN) has released an update.
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Algonquin Power & Utilities Corp. (AQN) is set to sell its non-hydro renewable energy sector to LS Power for up to $2.5 billion, aiming to become a pure-play regulated utility. This strategic move is expected to strengthen AQN’s balance sheet and position it for future growth, with the transaction likely to close between Q4 2024 and Q1 2025.
For further insights into TSE:AQN stock, check out TipRanks’ Stock Analysis page.