Deep Value: cash covers more than 100% of the stock price

This company holds roughly $274,982 in cash and investments — more than its entire stock-market value, based on its latest quarterly filing. You're paying very little for the actual business. Sometimes that's a genuine bargain or a takeover target, sometimes it's cheap for a reason. Not a buy signal on its own — always ask why it's this cheap.

Atlantic Power & Infrastructure

AWSL

Renewable Utilities · Utilities

Price

$0.00

+0.00 (+150.00%)

Market Cap

$184,660

Exchange

Other OTC

Winston Score

Winston is serious

Mixed quality — meaningful strengths and weaknesses.

Data as of Aug 9, 2026 · filings through Jun 30, 2025

Share count rising — dilution

+18.2% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 299.8M (2020) → 354.4M (2024)

Atlantic Power & Infrastructure Corp. is a utility company focused on power generation and energy infrastructure in North America. It operates power plants that produce electricity, selling that power to utilities, municipalities, and industrial customers. The company works within the renewable and independent power sector, generating energy from a mix of sources including biomass and natural gas.

The company earns revenue primarily through long-term power purchase agreements, where customers agree to buy electricity at fixed prices over many years. These contracts provide relatively stable, predictable cash flows, which is a key part of its business model. Atlantic Power operates mainly in the United States and Canada, and its gross margin near 50% reflects the value of those contracted revenue streams. The main risk the company faces is contract renewal — when long-term agreements expire, there is no guarantee that replacement contracts will be signed at favorable rates, which could pressure future earnings.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-5.3% YoY

YoY Growth Rate

Revenue declining

EPS Growth

+20.0% YoY

YoY Growth Rate

Steady EPS growth

R&D Spend

$0/ year

0.0% of revenue

Below sector average (1%)

Research and development spending

Insider Activity

100.0%ownership

Insiders own a meaningful stake in the company

Cash Position

Cash flow positive

$274,982 cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

Company generates more cash than it spends — no dilution risk from fundraising

Revenue declining

Atlantic Power & Infrastructure's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Gross Margin

53.9%

Healthy — 53.9% gross margin

Operating Margin

16.2%

Healthy — 16.2% operating margin

ROCE

10.5%

Below par — 10.5% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales YoY

+5.4%

Slow sales growth (+5.4% YoY)

EPS YoY

+400.0%

Earnings growing fast (+400.0% YoY)

Earnings growing 25%+ a year. The compounder zone.

EPS Consistency

5/8 quarters

Mixed — about half the quarters showed growth

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Cash Flow

Cash Conversion

-123%

Weak — only -123% of profit becomes cash

FCF Margin

-8.8%

Burning cash (-8.8%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity

N/A

—

Data not available

Interest Cover

8.81x

Comfortably covers interest (8.8x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

P/E Ratio (TTM)

0.5x

Attractive valuation — P/E 0.5

P/E under 10. The price tag is small relative to last year's profit.

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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