Big Question for Algonquin Power & Utilities: Sell or Not to Sell Renewables Biz?
The Ontario-based energy firm has launched a strategic review as activists are pushing to enhance shareholder value Algonquin Power & Utilities (TSE:AQN) reported its first-quarter 2023 results on May 11. And while the Oakville, Ontario company beat the Street, the bigger news was that it would undertake a strategic review of its Renewable Energy Group as part of its overall plan to enhance shareholder value. While a sale of the Renewable Energy Group could simplify Algonquin’s story with investors, risks are associated with doing so. But, ultimately, to sell or not to sell, that is the questi...