Atlantica Sustainable Infrastructure (NASDAQ:AY) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Atlantica Sustainable Infrastructure (NASDAQ:AY) in a research report released on Tuesday. The firm issued a sell rating on the utilities provider’s stock.

Atlantica Sustainable Infrastructure Price Performance

AY stock opened at $22.06 on Tuesday. The company has a debt-to-equity ratio of 3.26, a current ratio of 1.35 and a quick ratio of 1.30. The company’s 50-day moving average is $21.98 and its 200-day moving average is $21.81. The stock has a market capitalization of $2.56 billion, a PE ratio of 47.96, a price-to-earnings-growth ratio of 2.14 and a beta of 1.03. Atlantica Sustainable Infrastructure has a 1 year low of $16.82 and a 1 year high of $23.47.

Atlantica Sustainable Infrastructure (NASDAQ:AY) last announced its quarterly earnings results on Thursday, August 1st. The utilities provider reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.06). The firm had revenue of $328.26 million during the quarter, compared to the consensus estimate of $315.07 million. Atlantica Sustainable Infrastructure had a return on equity of 2.54% and a net margin of 3.59%. Equities research analysts expect that Atlantica Sustainable Infrastructure will post 0.28 EPS for the current fiscal year.

Institutional Investors Weigh In On Atlantica Sustainable Infrastructure

A number of institutional investors and hedge funds have recently made changes to their positions in AY. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Atlantica Sustainable Infrastructure in the 2nd quarter valued at $30,000. Headlands Technologies LLC grew its stake in shares of Atlantica Sustainable Infrastructure by 499.4% in the 2nd quarter. Headlands Technologies LLC now owns 4,094 shares of the utilities provider’s stock worth $90,000 after acquiring an additional 3,411 shares in the last quarter. Covestor Ltd raised its holdings in shares of Atlantica Sustainable Infrastructure by 12.8% in the first quarter. Covestor Ltd now owns 9,385 shares of the utilities provider’s stock valued at $173,000 after purchasing an additional 1,064 shares during the last quarter. Virtu Financial LLC bought a new position in shares of Atlantica Sustainable Infrastructure during the first quarter valued at about $196,000. Finally, American Institute for Advanced Investment Management LLP purchased a new position in Atlantica Sustainable Infrastructure during the first quarter worth about $203,000. Institutional investors and hedge funds own 40.53% of the company’s stock.

Atlantica Sustainable Infrastructure Company Profile

Atlantica Sustainable Infrastructure plc owns, manages, and invests in renewable energy, storage, natural gas and heat, electric transmission lines, and water assets in North America, South America, Europe, the Middle East, and Africa. The company was formerly known as Atlantica Yield plc and changed its name to Atlantica Sustainable Infrastructure plc in May 2020.