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Atlantica Sustainable Infrastructure is a renewable yield co with a well-diversified portfolio of energy production assets. AY offers a 10% yield that is fully covered by stable cash flows from long-term power purchase agreements. AY has a strong balance sheet, potential for valuation multiple expansion, and a near-term catalyst for stock price upside.

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 is a green energy company with a portfolio of 2.2 GW operating assets, primarily in renewables. At first glance, AY's dividend of 9% could be viewed as speculative considering its level and the fact that the share price has dropped by ~30% in the last year. Despite the above and the history of dividend cuts, I provide three reasons why the dividend is actually safe, making the overall investment thesis attractive for yield-seeking investors.

The final installment in the 4-part Energy series. "Alternate" energy has been growing as a source of U.S. energy and especially electric generation. Solar and wind have been growing fastest but may be running into roadblocks. Because solar and wind are intermittent sources, we will almost certainly need one or more "base load" type sources to grow as well (candidates are small-scale nuclear, geothermal, and hydrogen).

Atlantica Sustainable Infrastructure specializes in renewable energy and infrastructure globally, with a focus on solar, wind, and hydropower. The company has shown financial stability, with consistent revenue and EBITDA, and modest growth in cash available for distribution. AY's strategic focus on North American renewables is supported by the favorable policy environment and growing market demand in the region.

Atlantica Sustainable Infrastructure's stock value closely aligns with the fluctuations in bond yields. Its dividend yield is expected to become more appealing as rate cuts kick in, potentially leading to a significant increase in the stock price. Simultaneously, the company's predictable cash flows, and fixed interest expenses support the security of its dividend and limit uncertainties in its investment case.

Renewable energy capacity more than doubled between 2013 and 2022, with hydropower and wind capacity experiencing significant growth. Atlantica Sustainable Infrastructure plc is a renewable utilities company with a portfolio of 2.2 GW operating assets. AY's earnings in Q3 2023 showed flat revenue growth, but a significant increase in net profit due to lower impairment charges.

Gladstone Commercial Corporation (NASDAQ:AY ) Q3 2023 Earnings Conference Call November 8, 2023 8:00 AM ET Company Participants Santiago Seage - CEO Francisco Martinez-Davis - CFO Conference Call Participants Julien Dumoulin-Smith - Bank of America Mark Jarvi - CIBC Capital Markets William Grippin - UBS Operator Hello and welcome to Atlantica's Third Quarter 2023 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'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.