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Algonquin Power (AQN-T, AQN-NY)


valuesource
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Anyone digested this weak quarter and guide-down yet?  -20% seems a bit overdone.  Inflationary pressures are affecting some of their projects and they also added that more info will be available at the Analyst day in 2023.  Might be a 3 day rule but something whispers carelessly that we plank the puss out of this now.  Anyone want to weigh in?

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I don’t follow Algonquin closely, but it looks like higher interest costs are lowing earnings. There is a pass through mechanism but it takes some time to play out. There are lots of high dividend yielding companies out there with a lot of short term debt. If interest rates stay high we likely will see more companies warn on earnings. Lots of REIT’s have significant amounts of short term debt that will need to get rolled over at much higher rates over the next couple of years. 

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