These green energy stocks pay you high yields

Article Excerpt

Below are two renewable energy stocks that now get most of their revenue from regulated utilities or long-term contracts. That supports their high yields. ALGONQUIN POWER & UTILITIES CORP. $7.27 is a buy for long-term gains. The company (Toronto symbol AQN; High-Growth Dividend Payer Portfolio, Utilities sector; Shares o/s: 767.5 million; Market cap: $5.6 billion; Dividend yield: 5.0%; Dividend Sustainability Rating: Average; www.algonquinpower.com) completed the sale of its 42.2% ownership stake in Atlantica Sustainable Infrastructure PLC (Nasdaq symbol AY) in December 2024 for $1.08 billion (all figures except share price and market cap in U.S. dollars). Algonquin also sold its non-regulated renewable energy business to LS Power in January 2025 for $2.1 billion after taxes and other expenses. It received $1.95 billion in January and will receive up to $415 million in 2025. The company focuses entirely on its regulated utilities, which supply electricity, gas, water distribution and wastewater collection services to 3.15 million customers in Canada, the U.S., Chile and Bermuda. Due its asset sales, Algonquin cut…