Atlantica Sustainable Infrastructure (NASDAQ:AY) Coverage Initiated by Analysts at StockNews.com

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

Atlantica Sustainable Infrastructure Trading Down 0.0 %

NASDAQ:AY opened at $22.08 on Wednesday. The company has a market cap of $2.56 billion, a PE ratio of 66.91, a price-to-earnings-growth ratio of 2.15 and a beta of 1.03. The company has a current ratio of 1.35, a quick ratio of 1.30 and a debt-to-equity ratio of 3.26. The company has a 50 day simple moving average of $21.96 and a two-hundred day simple moving average of $21.96. Atlantica Sustainable Infrastructure has a 12 month low of $16.82 and a 12 month high of $23.47.

Institutional Investors Weigh In On Atlantica Sustainable Infrastructure

A number of large investors have recently made changes to their positions in the company. Lazard Asset Management LLC boosted its stake in shares of Atlantica Sustainable Infrastructure by 110.8% during the 1st quarter. Lazard Asset Management LLC now owns 9,826,614 shares of the utilities provider’s stock worth $181,595,000 after acquiring an additional 5,164,084 shares during the last quarter. Alpine Associates Management Inc. purchased a new position in Atlantica Sustainable Infrastructure during the second quarter valued at $23,699,000. Picton Mahoney Asset Management bought a new stake in Atlantica Sustainable Infrastructure during the second quarter valued at about $13,719,000. Glazer Capital LLC purchased a new stake in Atlantica Sustainable Infrastructure in the second quarter worth about $13,629,000. Finally, Water Island Capital LLC bought a new position in shares of Atlantica Sustainable Infrastructure in the second quarter worth about $13,438,000. 40.53% of the stock is currently owned by institutional investors.

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.