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AY - Atlantica Sustainable Infrastructure: Think About Total Returns
Atlantica Yield plc
2024-02-01 14:50:16 ET
Summary
The highlight feature of Atlantica Sustainable Infrastructure stock is its dividend yield of 9.2%. But this hasn't been enough to make up for price declines in the past year.
With a return to net profits, the company's market multiples do look improved from a historical standpoint, though steadiness in revenues and adjusted EBITDA would be vital to price too.
The company's 2023 results due later this month can provide more insight into its expectations for 2024, which can be critical to assess whether a price uptick is likely now.