AY Stock Recent News

May 2, 2024 – Atlantica Sustainable Infrastructure (NASDAQ: AY) announced today that it will release its financial results for the year 2024 before the opening of the market on Wednesday, May 8, 2024.

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.

Atlantica Sustainable Infrastructure (AY) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Atlantica Sustainable Infrastructure's "Strategic Review" is still ongoing, but full year 2023 results and FY2024 guidance show undervalued shares. The company's partner in the Monterrey asset plans to sell their stake, providing net proceeds to finance current projects. The company's development pipeline has expanded, with a focus on solar and battery storage projects in North America.