Activist Investor Starboard Value Files Intent to Sell $37.8M in Algonquin Power Shares
AQN sits 39% above its 52-week low of $4.455.
Summary
Activist investor Starboard Value LP, an affiliate of a director, intends to sell 6.3 million shares of Algonquin Power & Utilities Corp., valued at $37.8 million.
Key Events · Ownership and Investor Activity · AQN
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Intent to Sell Significant Stake
Starboard Value LP, an activist investor and affiliate of a director, filed a Form 144 to sell 6,300,000 common shares.
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Substantial Value
The proposed sale is valued at approximately $37.8 million, representing a notable portion of the company's market capitalization.
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Potential Activist Reduction
This filing could indicate a strategic reduction in Starboard Value's position or a shift in their activist engagement with Algonquin Power.
Analysis · AQN · Energy & Transportation
Starboard Value LP, an activist investor with an affiliate on the board, has filed a Form 144 indicating its intent to sell 6.3 million common shares of Algonquin Power & Utilities Corp., valued at approximately $37.8 million. This proposed sale represents a significant portion of the company's market capitalization and could signal a reduction in Starboard's active involvement or a strategic portfolio adjustment. Investors will be watching for actual sales and any further commentary from Starboard regarding their position.
How filings like this one have moved
In the 30 days to Sep 14, 2026, 35.8% of the 1045 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.43%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, AQN was trading at $6.18 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $4.7B. The 52-week trading range was $4.45 to $7.11. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.