Atlantica Sustainable Infrastructure (AY) Stock Forecast, Price & News

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Atlantica Sustainable Infrastructure in the last twelve months. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" AY shares.
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6 Wall Street analysts have issued 1-year target prices for Atlantica Sustainable Infrastructure's stock. Their AY share price forecasts range from $25.00 to $34.00. On average, they predict the company's share price to reach $29.43 in the next year. This suggests a possible upside of 54.1% from the stock's current price.
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Atlantica Sustainable Infrastructure's stock was trading at $25.90 at the start of the year. Since then, AY stock has decreased by 26.3% and is now trading at $19.10.
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Atlantica Sustainable Infrastructure saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 1,780,000 shares, an increase of 8.5% from the August 31st total of 1,640,000 shares. Based on an average daily volume of 436,900 shares, the days-to-cover ratio is presently 4.1 days. Currently, 2.7% of the company's shares are short sold.
View Atlantica Sustainable Infrastructure's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 8th 2023.
View our AY earnings forecast.

Atlantica Sustainable Infrastructure plc (NASDAQ:AY) released its quarterly earnings results on Tuesday, August, 1st. The utilities provider reported $0.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.20 by $0.11. The utilities provider had revenue of $312.11 million for the quarter, compared to analyst estimates of $315.89 million. Atlantica Sustainable Infrastructure had a trailing twelve-month return on equity of 0.86% and a net margin of 1.38%.

Atlantica Sustainable Infrastructure announced a quarterly dividend on Monday, July 31st. Investors of record on Thursday, August 31st will be paid a dividend of $0.445 per share on Friday, September 15th. This represents a $1.78 annualized dividend and a yield of 9.32%. The ex-dividend date is Wednesday, August 30th.
Read our dividend analysis for AY.

ETFs with the largest weight of Atlantica Sustainable Infrastructure (NASDAQ:AY) stock in their portfolio include Invesco International Dividend Achievers ETF (PID), TrueShares Eagle Global Renewable Energy Income ETF (RNWZ), SPDR S&P Kensho Intelligent Structures ETF (SIMS), SPDR S&P Kensho Clean Power ETF (CNRG), Fidelity Clean Energy ETF (FRNW), Global X Renewable Energy Producers ETF (RNRG), Neuberger Berman Carbon Transition & Infrastructure ETF (NBCT) and Opus Small Cap Value Plus ETF (OSCV).

Atlantica Sustainable Infrastructure (NASDAQ:AY) pays an annual dividend of $1.78 per share and currently has a dividend yield of 9.52%. AY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 6 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 1,271.43%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, AY will have a dividend payout ratio of 317.86% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for AY.

Based on aggregate information from My MarketBeat watchlists, some companies that other Atlantica Sustainable Infrastructure investors own include AT&T (T), Energy Transfer (ET), AbbVie (ABBV), Enterprise Products Partners (EPD), BP Prudhoe Bay Royalty Trust (BPT), Pfizer (PFE), Verizon Communications (VZ), Enbridge (ENB), Intel (INTC) and Iron Mountain (IRM).

Atlantica Sustainable Infrastructure trades on the NASDAQ under the ticker symbol "AY."

Shares of AY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of AY stock can currently be purchased for approximately $19.10.

Atlantica Sustainable Infrastructure (NASDAQ:AY) has a market capitalization of $2.15 billion and generates $1.10 billion in revenue each year. The utilities provider earns $-5,440,000.00 in net income (profit) each year or $0.14 on an earnings per share basis.

The company employs 978 workers across the globe.

Atlantica Sustainable Infrastructure's mailing address is GREAT WEST HOUSE GW1 17TH FLOOR GREAT WEST ROAD, BRENTFORD X0, TW8 9DF. The official website for the company is www.atlanticayield.com. The utilities provider can be reached via phone at 442034990465 or via email at ir@atlanticayield.com.