AY Stock Recent News

As the market continues its remarkable rally in June, some investors might suppose that opportunities for substantial gains have diminished. Generally, I would agree.

Traditional sources of energy, including fossil fuels, aren't going anywhere anytime soon. However, the landscape is rapidly evolving, with renewables making significant progress in capturing market share and investor attention.

Atlantica Sustainable Infrastructure Plc's stock fell 5.2% premarket on volume of more than 2.2 million shares in premarket trading on Tuesday after the renewable-energy-portfolio company agreed to go private at a price below its recent trading level.

Last week, I read something online about the Schwab U.S. Dividend Equity ETF (NYSEARCA: SCHD ). It's considered to be one of the better U.S.-listed dividend equity ETFs.

AQN Makes Progress Towards Strategic Transformation to Pure-Play Regulated Utility OAKVILLE, ON , May 28, 2024 /PRNewswire/ - Algonquin Power & Utilities Corp. (TSX: AQN) (NYSE: AQN) ("AQN" or the "Company") today announced it has entered into a support agreement (the "Support Agreement") with a private limited company ("Bidco"), which is controlled by Energy Capital Partners, and Atlantica Sustainable Infrastructure plc (NASDAQ: AY) ("Atlantica"). AQN and its subsidiary Liberty (AY Holdings) B.V.

Renewable power and utility stocks have been in Mr. Market's doghouse ever since interest rates began to rise rapidly a little over two years ago. However, over the past month, the sector has soared higher due to several bits of good news. We discuss three major pieces of good news for the sector and share some of our top picks of the moment.

As a long-term income investor, I've always enjoyed quality, high-yield dividend stocks. Dividend stocks offer the rare combination of income and capital growth that compensates for the missing realized income you might have if you did sell the stock.

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.