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Fly News Breaks for February 7, 2020
AQN
Feb 7, 2020 | 07:21 EDT
Morgan Stanley analyst Stephen Byrd initiated coverage of Algonquin Power with an Overweight rating and $17 price target. He views the stock as an "attractive way" to play the "Second Wave of Clean Energy" as the company is driving growth through a focused effort to decarbonize its utilities. Byrd sees "well above-average" growth in both the utility and generation businesses, driven in large part by renewables, and notes his estimated 15% total return potential is the highest among the regulated utilities he covers.
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