Atlantica Sustainable Infrastructure (NASDAQ:AY) Now Covered by Analysts at StockNews.com

Stock analysts at StockNews.com started coverage on shares of Atlantica Sustainable Infrastructure (NASDAQ:AY) in a note issued to investors on Saturday. The firm set a “sell” rating on the utilities provider’s stock.

Atlantica Sustainable Infrastructure Trading Down 1.0 %

Shares of NASDAQ:AY opened at $21.94 on Friday. The stock’s 50-day simple moving average is $22.03 and its two-hundred day simple moving average is $22.09. The stock has a market capitalization of $2.55 billion, a price-to-earnings ratio of 75.66, a PEG ratio of 2.13 and a beta of 1.03. Atlantica Sustainable Infrastructure has a 52-week low of $16.82 and a 52-week high of $23.47. The company has a debt-to-equity ratio of 3.36, a quick ratio of 1.20 and a current ratio of 1.25.

Institutional Investors Weigh In On Atlantica Sustainable Infrastructure

A number of hedge funds have recently modified their holdings of AY. Manning & Napier Advisors LLC bought a new position in shares of Atlantica Sustainable Infrastructure during the 2nd quarter valued at approximately $2,195,000. Swedbank AB purchased a new position in Atlantica Sustainable Infrastructure during the first quarter valued at approximately $4,103,000. Water Island Capital LLC bought a new position in shares of Atlantica Sustainable Infrastructure in the second quarter worth approximately $13,438,000. Alpine Associates Management Inc. increased its stake in shares of Atlantica Sustainable Infrastructure by 54.0% in the third quarter. Alpine Associates Management Inc. now owns 1,662,509 shares of the utilities provider’s stock worth $36,542,000 after purchasing an additional 582,821 shares in the last quarter. Finally, Trium Capital LLP bought a new stake in shares of Atlantica Sustainable Infrastructure during the 2nd quarter valued at $2,010,000. Institutional investors 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.