When things are done right, smaller companies grow faster than bigger ones, because it’s easier to, for example, double a company from $500 million to $1 billion than from $5 billion to $10 billion.
It was no small feat for Algonquin Power & Utilities Corp. (TSX:AQN)(NYSE:AQN) to grow its total assets from ~$5 billion in 2015 to ~$10 billion today. Since Algonquin is much bigger now, don’t expect it to double its assets again in a few years. That said, there are a number of growth drivers for the stable utility.
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