Algonquin Power (TSE:AQN) has released an update.
Algonquin Power & Utilities Corp. has appointed Chris Huskilson as its permanent CEO, following his interim term, signaling the company’s commitment to its strategic transformation into a pure-play regulated utility. In their first quarter financial results, the company reported a 6% increase in Net Utility Sales, a slight 1% rise in Adjusted EBITDA, but a notable 20% decline in Adjusted Net Earnings. The company remains focused on simplifying its operations and is progressing with the sale of its renewables business, while closing significant financing transactions to bolster investor confidence.
For further insights into TSE:AQN stock, check out TipRanks’ Stock Analysis page.
