$AQN:NYSE - ALGONQUIN POWER - Good momentum

Algonquin has had a good run to date and could be a good defensive stock in the event of a down turn.

It is coming into earnings so caution advised, but it has bounced and run off their last earnings announcements which is a good sign. It has also broken and closed above an older resistance area so fingers crossed, might be one to watch.

Algonquin Power & Utilities Corp is a Canada-based diversified generation, transmission and distribution utility company. Through its business groups, the Company provides rate regulated natural gas, water, and electricity generation, transmission, and distribution utility services to over 750,000 customers in the United States. Furthermore, the Company is engaged in the generation of clean energy through its portfolio of long term contracted wind, solar and hydroelectric generating facilities representing more than 1,600 megawatts (MW) of installed capacity. The companies operating subsidiaries are Liberty Power and Liberty Utilities. Liberty Power owns a direct or indirect equity interest in more than 35 clean energy facilities. Liberty Utilities provides water, electricity, and gas utility services to communities across the United States.