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Atlantica Sustainable Infrastructure Plc (NASDAQ:AY ) Q1 2024 Earnings Conference Call May 8, 2024 8:00 AM ET Company Participants Santiago Seage - Chief Executive Officer, Director Francisco Martinez-Davis - Chief Financial Officer Conference Call Participants Rupert Merer - National Bank Nelson Ng - RBC Capital Markets Angie Storozynski - Seaport Mark Jarvi - CIBC Capital Markets Dimple Gosai - Bank of America Operator Welcome to Atlantica's First Quarter 2024 Financial Results Conference Call. Just a reminder that this call is being webcast live on the Internet, and a replay of this call will be available on Atlantica's corporate website.

Atlantica Sustainable Infrastructure (AY) came out with a quarterly loss of $0.05 per share versus the Zacks Consensus Estimate of a loss of $0.12. This compares to loss of $0.09 per share a year ago.

Atlantica Sustainable Infrastructure's stock price fall has arrested YTD, with support from its full year 2024 outlook and recent acquisitions. The guidance indicates that its already healthy dividends can continue to rise. There can be risks ahead, but even taking them into account, the dividend yield still looks strong. The stock's P/E has risen since I last checked, but remains below the long-term average, adding to its attractiveness.

Investors with an interest in Alternative Energy - Other stocks have likely encountered both Atlantica Sustainable Infrastructure (AY) and Bloom Energy (BE). But which of these two companies is the best option for those looking for undervalued stocks?

Atlantica Sustainable Infrastructure (AY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Atlantica Sustainable Infrastructure (AY) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock suggests that there could be more strength down the road.

Investors interested in stocks from the Alternative Energy - Other sector have probably already heard of Atlantica Sustainable Infrastructure (AY) and Bloom Energy (BE). But which of these two stocks presents investors with the better value opportunity right now?

Atlantica Sustainable Infrastructure's stock continues to underperform the market. Despite the attractive and still stable dividend, the Stock is down due to subpar Q4 2023 results and a weaker outlook. I do not see any major risks for AY that could cause the dividend to get cut in 2024.

A green economy is fast approaching, and renewable energy companies are reaping the benefits. Indeed, a recent article from ClimateWire cites that renewables will take over coal as the global source of electricity by 2025.

Algonquin Power & Utilities had a stronger Q4-2023 than expected, beating earnings estimates and adjusted EBITDA by 10%. AQN did not provide guidance for 2024 due to its focus on selling its renewable business. We look at how this is likely to play out for Algonquin and the related company, Atlantica Sustainable.