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OAKVILLE, Ontario - Algonquin Power & Utilities Corp. (TSX/NYSE: AQN), a diversified utility company, announced the election of its board of directors and the approval of several key resolutions at its annual meeting of common shareholders on Monday. The company, which is the parent of Liberty and provides energy and water solutions in North America, saw all 11 director nominees receive a majority of votes for their election.
The elected directors include Brett Carter, Amee Chande, Daniel Goldberg, Christopher Huskilson, D. Randall Laney, David Levenson, Christopher Lopez, Gavin Molinelli, Dilek Samil, DeAnn Walker, and Roderick West. Notably, Amee Chande and Christopher Huskilson received the highest percentage of votes for, with 99.53% and 99.55%, respectively.
In addition to the director elections, shareholders voted in favor of reappointing Ernst & Young LLP as the company’s auditor for the upcoming year. They also approved a resolution for the continuation, amendment, and restatement of the Company’s Shareholder Rights Plan, as well as an advisory resolution on the company’s approach to executive compensation.
These decisions reflect shareholder confidence in the company’s governance and strategic direction. Algonquin Power & Utilities Corp. emphasizes its commitment to providing secure, reliable, and sustainable energy and water solutions. The company boasts over one million customer connections, primarily in the United States and Canada.
The final voting results on all matters from the annual meeting will be made available through Canadian and U.S. securities regulatory authorities. This information is based on a press release statement from Algonquin Power & Utilities Corp.
In other recent news, Algonquin Power & Utilities Corp. reported its Q1 2025 earnings, surpassing market expectations with an earnings per share (EPS) of 0.14 USD, compared to the forecasted 0.09 USD. The company also recorded adjusted net earnings from continuing operations at 111.6 million USD, marking a 39% increase from the previous year. RBC Capital Markets increased its price target for Algonquin Power to $6.00, maintaining a Sector Perform rating, following these strong earnings results. Analysts noted the company’s solid performance under new leadership and anticipate further insights at an upcoming investor update.
Additionally, Algonquin Power filed a report with the U.S. Securities and Exchange Commission detailing its efforts to combat forced and child labor within its supply chains, underscoring its commitment to ethical labor practices. RBC Capital also reaffirmed its Sector Perform rating on Algonquin Power, citing the company’s 2025-2027 guidance as mostly positive, with an anticipated rate base growth of 5% compounded annually. The company’s path to achieving an authorized return on equity of approximately 9.2% by 2028 was highlighted as well. These developments reflect Algonquin Power’s strategic focus and commitment to corporate responsibility.
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