Kenneth Hartwick - Atlantic Power Independent Director
Director
Mr. Kenneth Michael Hartwick is Independent Director of Atlantic Power Corporationrationration. Mr. Hartwick has more than 13 years of management experience in the energy sector and more than 20 years of experience in the financial sector. Mr. Hartwick experience in the energy industry spans several markets having played an integral role as an executive officer for Just Energy Group Inc. until April 2014 helping launch their businesses in Alberta British Columbia Indiana Texas Georgia Manitoba Ontario Qubec Saskatchewan California Illinois Maryland Massachusetts Michigan New Jersey New York Ohio Florida Pennsylvania and the United Kingdom. He recently completed a 10year tenure as Director President and Chief Executive Officer of Just Energy Group Inc. an integrated retailer of commodity products. Mr. Hartwick served as President and Chief Executive Officer of Just Energy Group Inc. from June 2008 until April 2014 as President from 2006 until June 2008 and as Chief Financial Officer from April 2004 to 2006. Mr. Hartwick understands the issues facing the electricity industry through his previous role as Chief Financial Officer of one of the largest distribution companies in North America Hydro One Inc. where he gained increasing executivelevel responsibility throughout his career and provided strategic direction as Ontario transitions towards a competitive energy marketplace. Mr. Hartwick earned his Honours of Business Administration from Trent University Peterborough Ontario. since 2015.
| Age | 51 |
| Tenure | 9 years |
| Phone | 617 977 2400 |
| Web | http://www.atlanticpower.com |
Atlantic Power Management Efficiency
The company has Return on Asset (ROA) of 2.52 % which means that for every $100 of assets, it generated a profit of $2.52. This is way below average. Likewise, it shows a return on total equity (ROE) of 50.08 %, which means that it produced $50.08 on every 100 dollars invested by current stockholders. Atlantic Power's management efficiency ratios could be used to measure how well Atlantic Power manages its routine affairs as well as how well it operates its assets and liabilities.The company reports 575.6 M of total liabilities with total debt to equity ratio (D/E) of 3.63, which may imply that the company relies heavily on debt financing. Atlantic Power has a current ratio of 0.76, implying that it has not enough working capital to pay out debt commitments in time. Debt can assist Atlantic Power until it has trouble settling it off, either with new capital or with free cash flow. So, Atlantic Power's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Atlantic Power sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Atlantic to invest in growth at high rates of return. When we think about Atlantic Power's use of debt, we should always consider it together with cash and equity.
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Management Performance
| Return On Equity | 50.08 | |||
| Return On Asset | 2.52 |
Atlantic Power Leadership Team
Elected by the shareholders, the Atlantic Power's board of directors comprises two types of representatives: Atlantic Power inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Atlantic. The board's role is to monitor Atlantic Power's management team and ensure that shareholders' interests are well served. Atlantic Power's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Atlantic Power's outside directors are responsible for providing unbiased perspectives on the board's policies.
| John McNeil, Independent Director | ||
| Kenneth Hartwick, Independent Director | ||
| Holli Ladhani, Independent Director | ||
| Foster Duncan, Independent Director | ||
| James Moore, President, Chief Executive Officer, Director | ||
| Teresa Ressel, Director | ||
| Jeffrey Levy, Senior Vice President, General Counsel, Corporate Secretary | ||
| James DAngelo, Senior Vice President Chief Administrative Officer | ||
| Danielle Mottor, Independent Director | ||
| Amanda Wagemaker, IR Associate | ||
| Philip Rorabaugh, Senior Vice President - Asset Management | ||
| Terrence Ronan, Executive Vice President, Chief Financial Officer, Principal Financial and Accounting Officer and Corporate Secretary | ||
| Irving Gerstein, Independent Chairman of the Board | ||
| R Duncan, Independent Director | ||
| Joseph Cofelice, Executive Vice President - Commercial Development | ||
| Gilbert Palter, Independent Director | ||
| Kevin Howell, Independent Chairman of the Board |
Atlantic Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Atlantic Power a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | 50.08 | |||
| Return On Asset | 2.52 | |||
| Profit Margin | 27.28 % | |||
| Operating Margin | 13.20 % | |||
| Current Valuation | 975.64 M | |||
| Shares Outstanding | 89.71 M | |||
| Shares Owned By Insiders | 4.27 % | |||
| Shares Owned By Institutions | 47.25 % | |||
| Number Of Shares Shorted | 1.49 M | |||
| Price To Earning | 4.84 X |
Pair Trading with Atlantic Power
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Atlantic Power position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Atlantic Power will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Agilent Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Agilent Technologies when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Agilent Technologies - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Agilent Technologies to buy it.
The correlation of Agilent Technologies is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Agilent Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Agilent Technologies moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Agilent Technologies can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Other Consideration for investing in Atlantic Stock
If you are still planning to invest in Atlantic Power check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Atlantic Power's history and understand the potential risks before investing.
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