AY Stock Recent News

Atlantica Sustainable's (AY) Q3 results are likely to reflect the benefits of higher solar assets production along with prior investments in its sustainable infrastructure assets.

October 27, 2023 – Atlantica Sustainable Infrastructure (NASDAQ: AY) announced today that it will release its financial results for the third quarter of 2023 before the opening of the market on Wednesday, November 8, 2023. The information will be published on Atlantica's website www.atlantica.com.

Atlantica Sustainable Infrastructure is a renewable energy company with a geographically diversified portfolio and a strong dividend. The company's business model focuses on renewable energy projects, efficient natural gas plants, transmission networks, and water distribution assets. Atlantica's corporate strategy prioritizes debt management, cautious investment, and maintaining a geographically diversified portfolio.

The heavy selling pressure might have exhausted for Atlantica Sustainable Infrastructure (AY) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.

Shares of Atlantica Sustainable Infrastructure have declined by 31.5% over the past year, resulting in a near-all-time high dividend yield of 8.6%. However, Atlantica's operations are resilient, with a diverse asset portfolio and long-term power purchase agreements providing stable cash flows. Combining a shareholding in Atlantica with selling covered calls could allow investors to realize strong annualized income returns.

AY made it to the Zacks Rank #1 (Strong Buy) income stocks list on September 21, 2023.

Atlantica to Present Second Quarter 2023 Financial Results on August 1 July 26, 2023 – Atlantica Sustainable Infrastructure (NASDAQ: AY) announced today that it will release its financial results for the second quarter of 2023 before the opening of the market on Tuesday, August 1, 2023. The information will be published on Atlantica's website www.atlantica.com.

We had suggested that Atlantica Sustainable should be bought under $24. We got that and the stock is now yielding near 7.5%. We took the 20% yield route.

The market is now in its second half of 2023 and what a roller coaster ride it's been. We've seen stocks fly high and plummet due to high inflation, aggressive interest rate hikes and a devastating banking crisis.

Atlantica Sustainable Infrastructure's shares have fallen back into buy territory, offering potential long-term returns of over 10% with relatively low risks. AY operates renewable energy assets and has predictable cash flow growth, making it an attractive investment for retirees and high-yield investors. Risks include counterparties not fulfilling their obligations in long-term contracts and the possibility of agreements being revoked or terminated at the discretion of the off-takers' government.