Reported 2 days ago
On Friday, Algonquin Power & Utilities Corp. (NYSE:AQN) experienced a notable rise in its stock price, climbing 9.71% to close at $5.99. This increase followed the company's announcement of a profitable first quarter, with a net income of $96.8 million, reversing last year’s loss of $89.1 million. CEO Rod West expressed confidence in future opportunities for the firm. Additionally, AQN declared a cash dividend of $0.65 per share for the upcoming quarter, with payments scheduled for July 15.
Source: YAHOO