Trade Idea | AQN | Algonquin Power & Utilities Corp

29 Eki

AQN is a Canadian investment holding company that engages in energy generation and water distribution facilities.

We are starting to buy shares that are trading at TSX between $6.00 - $6.96 as we think that this will base on this level. Our stop on this long position is at $5.08 if our bull thesis won't work.

We think the company will benefit from the rising of electric demand and renewable energy transition. AQN will improve it current asset from LS Power recent acquisition of renewable energy segment that will be use to further increase its cash flow to be used for company development.