AY - Your Guide To YieldCos: Pattern Energy Clearway Energy And Atlantica Yield
Open any YieldCo ticker page and you'll find 8 or 9 buy cases for every bearish one, all with varying assumptions, price targets, and valuation methods. It is, therefore, hard to find a comparison between YieldCos that use the same analytical process and that make price targets comparable. This can make a lot of difference, as discount rates, treatment of debt, and choice of a DCF model or multiples leave a lot of room. In this article, I attempt to create an apples to apples comparison between Atlantica Yield (AY), Pattern Energy (