AQN 📈 Algonquin Power & Utilities - Overview

Algonquin Power & Utilities Corp is a diversified utility company with operations spanning the United States, Canada, and other regions, providing essential services to a substantial customer base. The company's business is organized into two primary segments: the Regulated Services Group and the Renewable Energy Group. Through its Regulated Services Group, Algonquin Power & Utilities Corp owns and operates a range of utility systems, including electric, water distribution, wastewater collection, and natural gas, which are subject to regulatory oversight. As of December 31, 2023, the company served approximately 1,256,000 customer connections across these sectors, highlighting its significant presence in the utility market.

The company's regulated utility systems are strategically located across various states in the US, including Arkansas, California, Kansas, Missouri, Nevada, New Hampshire, and Oklahoma, as well as in Bermuda. Its water distribution and wastewater collection utility systems also have a notable presence in states such as Arizona, Illinois, Missouri, New York, and Texas, and internationally in Chile. Furthermore, Algonquin Power & Utilities Corp's natural gas distribution utility systems are located in the province of New Brunswick and several US states, including Georgia, Illinois, Iowa, Massachusetts, and New York. This diversified geographic footprint enables the company to capitalize on regional opportunities while mitigating risks associated with reliance on a single market.

Algonquin Power & Utilities Corp has also made significant investments in renewable energy, with a focus on generating and selling electrical energy, capacity, and renewable attributes. The company's Renewable Energy Group has a combined net generating capacity of approximately 2.7 GW as of December 31, 2023, with economic interests in a range of facilities, including hydroelectric, wind, solar, and renewable natural gas. This commitment to renewable energy positions the company for long-term growth and aligns with the global transition towards cleaner and more sustainable power generation. With a gross capacity of approximately 2.0 GW from its owned generating assets and an additional 0.3 GW from its investments, Algonquin Power & Utilities Corp is well-equipped to meet the evolving demands of the energy market.

Founded in 1988 and headquartered in Oakville, Canada, Algonquin Power & Utilities Corp has established itself as a major player in the utility and renewable energy sectors. With a strong track record of operations and a focus on delivering value to its customers and shareholders, the company is poised for continued success in the years to come. As a publicly traded company, Algonquin Power & Utilities Corp provides investors with an opportunity to participate in the growth of the utility and renewable energy industries, with its common stock listed under the ISIN CA0158571053 and classified within the GICS Sub Industry of Renewable Electricity.