Algonquin adds to your 48% gain

Article Excerpt

Algonquin Power has soared 48.0% for our subscribers over the past year—even with the recent market downturn. We think it can go higher. The company aims to add value for investors through big acquisitions. While that adds risk, Algonquin focuses on making purchases that immediately contribute to its cash flow; its renewable energy projects also sell power under long-term government-guaranteed contracts. The company’s international expansion further cuts your risk. ALGONQUIN POWER & UTILITIES, $22.20, is a buy. The company (Toronto symbol AQN; Shares o/s: 524.2 million; Market cap: $11.6 billion; TSINetwork Rating: Extra Risk; Divd. yield: 3.4%; www.algonquinpower.com) generates value for investors through two main businesses: Liberty Power Group produces electricity from 39 clean-energy facilities in North America; and Liberty Utilities Group provides regulated electricity, gas, water distribution and wastewater collection. Through your Algonquin shares, you also tap its 44.2%-owned Atlantica Yield plc (symbol AY on Nasdaq), with its own renewable energy assets. In the quarter ended December 31, 2019, revenue rose 4.2%, to $439.7…