Atlantica Sustainable Infrastructure - AY Stock Forecast, Price & News

Atlantica Sustainable Infrastructure plc owns, manages, and invests in renewable energy, storage, natural gas and heat, electric transmission lines, and water assets in the United States, Canada, Mexico, Peru, Chile, Colombia, Uruguay, Spain, Italy, Algeria, and South Africa. It owns 39 assets comprising 2,044 megawatts (MW) of aggregate renewable energy installed generation capacity; 343 MW of natural gas-fired power generation capacity; 55 thermal megawatts of district heating capacity; 1,229 miles of electric transmission lines; and 17.5 million cubic feet per day of water desalination assets. The company was formerly known as Atlantica Yield plc and changed its name to Atlantica Sustainable Infrastructure plc in May 2020. Atlantica Sustainable Infrastructure plc was incorporated in 2013 and is based in Brentford, the United Kingdom.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on AY shares. Raymond James set a $43.00 price objective on Atlantica Sustainable Infrastructure and gave the company an "outperform" rating in a research report on Tuesday, May 10th. JPMorgan Chase & Co. lifted their price objective on Atlantica Sustainable Infrastructure from $38.00 to $40.00 and gave the company a "neutral" rating in a research report on Monday, August 8th. Bank of America raised Atlantica Sustainable Infrastructure from a "neutral" rating to a "buy" rating and set a $33.00 price objective for the company in a research report on Thursday, May 12th. UBS Group lifted their price objective on Atlantica Sustainable Infrastructure from $33.00 to $35.00 and gave the company a "neutral" rating in a research report on Thursday, August 4th. Finally, BMO Capital Markets lifted their price objective on Atlantica Sustainable Infrastructure from $33.00 to $36.00 and gave the company a "market perform" rating in a research report on Thursday, August 4th. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Atlantica Sustainable Infrastructure presently has an average rating of "Hold" and a consensus target price of $38.75.

Atlantica Sustainable Infrastructure Stock Up 0.6 %

Shares of AY traded up $0.21 during midday trading on Thursday, reaching $35.48. 278,543 shares of the company were exchanged, compared to its average volume of 560,203. The stock has a 50-day moving average price of $33.38 and a 200-day moving average price of $33.18. The company has a market cap of $3.99 billion, a price-to-earnings ratio of -221.81 and a beta of 0.73. Atlantica Sustainable Infrastructure has a 1-year low of $28.82 and a 1-year high of $41.32. The company has a current ratio of 2.07, a quick ratio of 2.01 and a debt-to-equity ratio of 2.98.

Atlantica Sustainable Infrastructure (NASDAQ:AY - Get Rating) last issued its quarterly earnings data on Wednesday, August 3rd. The utilities provider reported $0.14 EPS for the quarter, missing analysts' consensus estimates of $0.32 by ($0.18). Atlantica Sustainable Infrastructure had a negative return on equity of 1.08% and a negative net margin of 1.66%. During the same period last year, the firm posted $0.11 EPS. Research analysts expect that Atlantica Sustainable Infrastructure will post 0.49 earnings per share for the current year.

Atlantica Sustainable Infrastructure Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Wednesday, August 31st will be paid a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 5.02%. The ex-dividend date of this dividend is Tuesday, August 30th. This is a boost from Atlantica Sustainable Infrastructure's previous quarterly dividend of $0.44. Atlantica Sustainable Infrastructure's payout ratio is currently -1,100.00%.