Algonquin Power still a buy despite mixed Q2, says Cantor’s Safrance

Algonquin Power's recent Q2 results were a mixed bag, but the company is still a buy, says Cantor Fitzgerald analyst John Safrance.

Algonquin Power’s (TSX:AQN) recent Q2 results were a mixed bag, but the company is still a buy, says Cantor Fitzgerald analyst John Safrance. Last week, Algonquin announced its Q2, 2013 results. The company posted adjusted earnings of $15.4-million on revenue of $148.8-million, a significant bump over the $58.7-million topline the company posted in last year’s [...]

Algonquin Power’s aggressive acquisition strategy is paying off, says Cantor Fitzgerald

Cantor Fitzgerald analyst John Safrance says the performance of recently acquired wind assets in the United States bolstered Algonquin's quarterly EBITDA past his expectations.

Cantor Fitzgerald analyst John Safrance says Algonquin Power’s (TSX:AQN) aggressive acquisition strategy is paying off. Last Thursday, after market, Algonquin Power reported its Q1, 2013 numbers. The company reported adjusted earnings of $17.8-million on revenue of $196.7-million, more than tripling last year’s $63.4-million topline. Safrance says the performance of recently acquired wind assets in the [...]

Amid controversy, Western Wind Energy decides to sell company

Western Wind Energy CEO Jeff Ciachurski cuts the ribbon at the company's 120 megawatt Windstar Project earlier this month.

Shares of Western Wind Energy (TSXV:WND) are soaring today after management announced it had decided to sell the company and all its assets. Western Wind management said it would receive proposals over the next two weeks from M&A firms and then, within ten days, choose the best offer. The company said the plan was “…a [...]

The S&P/TSX Clean Technology Index is Beating the Market Handily

The S&P/TSX Clean Technology Index is up 9.73% since it was launched in March, 2010, while the TSX is down 2.25%.

When most of us think cleantech, our minds immediately leap to how cyclical the respective businesses that comprise it can be. On a given day we might see a solar venture go bust, wind energy that is too expensive to use, or even nuclear power that leads to the tragedy that was Japan last year. [...]

M Partners John Safrance raises target on Algonquin Power

On Wednesday, Algonquin Power announced it had secured a twenty-five year Power Purchase agreement with Sask Power for a 177 megawatt wind power project, beating out twenty-seven other proposals.

On Wednesday, Algonquin Power (TSX:AQN) announced it had secured a twenty-five year Power Purchase agreement with Sask Power for a 177 megawatt wind power project, beating out twenty-seven other proposals. The project will be located in Chaplin, which is about 200 kilometres west of Regina. Algonquin expects that the massive undertaking, which will cost approximately [...]

Confident Western Wind Energy blows off Algonquin Power

Vancouver's Western Wind Energy said a recent, unsolicited offer of $2.50 from Algonquin Power was a "lowball" bid. The company said it has conducted two independent valuations that valued its assets at $5.06 per share.

In Canada, the cleantech space is littered with carnage. The trail of underperforming Canadian stocks, including Timminco (TSX:TIM), which recently filed for creditor protection and Waterloo’s Arise Technologies (TSX:APV), which was delisted from the TSX, in addition to companies like Nevada Geothermal Power (TSXV:NGP) and Alterra Power (TSX:AXY), which lost much of their value in [...]