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

Company Overview

Atlantica Sustainable Infrastructure plc owns, manages, and invests in renewable energy, storage, natural gas and heat, electric transmission lines, and water assets in North America, South America, Europe, the Middle East, and Africa. 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.

Key Stats

• Today's Range: $21.97 to $22.00
• 50-Day Range: $21.81 to $22.29
• 52-Week Range: $16.35 to $23.47
• Volume: 395,253 shs
• Average Volume: 1.24 million shs
• Market Capitalization: $2.55 billion
• P/E Ratio: 66.61
• Dividend Yield: 8.10%
• Price Target: $22.43
• Consensus Rating: Hold

Atlantica Sustainable Infrastructure Stock Analysis - MarketRank™

Atlantica Sustainable Infrastructure scored higher than 63% of companies evaluated by MarketBeat, and ranked 143rd out of 255 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.1 / 5
• Analyst Rating: Hold

Consensus Rating

Atlantica Sustainable Infrastructure has received a consensus rating of Hold. The company's average rating score is 2.22, and is based on 2 buy ratings, 7 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Atlantica Sustainable Infrastructure has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 78.57%

Earnings Growth

Earnings for Atlantica Sustainable Infrastructure are expected to grow by 78.57% in the coming year, from $0.28 to $0.50 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Atlantica Sustainable Infrastructure is 66.61, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.47.

Price to Earnings Ratio vs. Sector

The P/E ratio of Atlantica Sustainable Infrastructure is 66.61, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 16.85.

Price to Earnings Growth Ratio

Atlantica Sustainable Infrastructure has a PEG Ratio of 2.14. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Atlantica Sustainable Infrastructure has a P/B Ratio of 1.61. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.74% of the float of Atlantica Sustainable Infrastructure has been sold short.

Short Interest Ratio / Days to Cover

Atlantica Sustainable Infrastructure has a short interest ratio ("days to cover") of 1.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Atlantica Sustainable Infrastructure has recently decreased by 52.05%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

Atlantica Sustainable Infrastructure is a leading dividend payer. It pays a dividend yield of 8.09%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Atlantica Sustainable Infrastructure has been increasing its dividend for 7 years.

Dividend Coverage

The dividend payout ratio of Atlantica Sustainable Infrastructure is 386.96%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on EPS estimates, Atlantica Sustainable Infrastructure will have a dividend payout ratio of 356.00% in the coming year. This indicates that Atlantica Sustainable Infrastructure may not be able to sustain their current dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.74% of the float of Atlantica Sustainable Infrastructure has been sold short.

Short Interest Ratio / Days to Cover

Atlantica Sustainable Infrastructure has a short interest ratio ("days to cover") of 1.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Atlantica Sustainable Infrastructure has recently decreased by 52.05%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.3 / 5
• News Sentiment: 1.01

News Sentiment

Atlantica Sustainable Infrastructure has a news sentiment score of 1.01. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.54 average news sentiment score of Oils/Energy companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for Atlantica Sustainable Infrastructure this week, compared to 2 articles on an average week.

Search Interest

4 people have searched for AY on MarketBeat in the last 30 days. This is an increase of 300% compared to the previous 30 days.

MarketBeat Follows

Only 3 people have added Atlantica Sustainable Infrastructure to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Atlantica Sustainable Infrastructure insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.06% of the stock of Atlantica Sustainable Infrastructure is held by insiders.

Percentage Held by Institutions

40.53% of the stock of Atlantica Sustainable Infrastructure is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

AY Stock Analysis - Frequently Asked Questions

How have AY shares performed this year?

Atlantica Sustainable Infrastructure's stock was trading at $21.50 at the start of the year. Since then, AY shares have increased by 2.2% and is now trading at $21.98.
View the best growth stocks for 2024 here.

How were Atlantica Sustainable Infrastructure's earnings last quarter?

Atlantica Sustainable Infrastructure plc (NASDAQ:AY) announced its quarterly earnings results on Thursday, August, 1st. The utilities provider reported $0.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.24 by $0.06. The utilities provider earned $328.26 million during the quarter, compared to the consensus estimate of $315.07 million. Atlantica Sustainable Infrastructure had a net margin of 3.59% and a trailing twelve-month return on equity of 2.54%.

Who are Atlantica Sustainable Infrastructure's major shareholders?

Atlantica Sustainable Infrastructure's top institutional investors include Syquant Capital Sas (0.07%), Inspire Advisors LLC (0.06%), A. D. Beadell Investment Counsel Inc. (0.05%) and Handelsbanken Fonder AB (0.02%).

How do I buy shares of Atlantica Sustainable Infrastructure?

Shares of AY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Atlantica Sustainable Infrastructure own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Atlantica Sustainable Infrastructure investors own include Invesco QQQ (QQQ), Enterprise Products Partners (EPD), NVIDIA (NVDA), Energy Transfer (et), AbbVie (ABBV), Meta Platforms (META) and Tesla (TSLA).

Company Calendar

• Last Earnings: 8/01/2024
• Ex-Dividend for 9/16 Dividend: 8/30/2024
• Dividend Payable: 9/16/2024
• Today: 10/17/2024
• Next Earnings (Estimated): 11/13/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Oils/Energy
• Industry: Electric services
• Sub-Industry: Utilities
• Current Symbol: NASDAQ:AY
• Previous Symbol: NASDAQ:ABY
• CUSIP: N/A
• CIK: 1601072
• Web: www.atlanticayield.com
• Phone: 442034990465
• Fax: N/A
• Employees: 1,366
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $22.43
• High Stock Price Target: $25.00
• Low Stock Price Target: $20.00
• Potential Upside/Downside: +2.0%
• Consensus Rating: Hold
• Rating Score (0-4): 2.22
• Research Coverage: 9 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.46
• Trailing P/E Ratio: 66.61
• Forward P/E Ratio: 78.50
• P/E Growth: 2.14
• Net Income: $43.38 million
• Net Margins: 3.59%
• Pretax Margin: 3.12%
• Return on Equity: 2.54%
• Return on Assets: 0.46%

Debt

• Debt-to-Equity Ratio: 3.26
• Current Ratio: 1.35
• Quick Ratio: 1.30

Sales & Book Value

• Annual Sales: $1.12 billion
• Price / Sales: 2.28
• Cash Flow: $3.98 per share
• Price / Cash Flow: 5.52
• Book Value: $13.69 per share
• Price / Book: 1.61

Miscellaneous

• Outstanding Shares: 116,055,000
• Free Float: 115,985,000
• Market Cap: $2.55 billion
• Optionable: Optionable
• Beta: 1.03