The Oakville, Ont.-based company has seen its Toronto-listed stock dive more than 50% in the past 12 months.
) climbed about four per cent on Wednesday after Wells Fargo called the stock an “attractive opportunity,” following a sharp sell-off over the past year.
His optimism about Algonquin finding a suitable buyer for its renewable assets echoes interim CEO Christopher Huskilson's remarks in August. He said the company has already received inquiries about buying the portfolio, predicting the assets will be "very attractive to the marketplace." Bill Gates' former assistant is the world's 5th-richest person — and he's close to overtaking the Microsoft cofounder
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