Atlantica Yield (NASDAQ:AY) had a solid final quarter in 2017, recording growth in revenues and adjusted EBITDA. The sale of Abengoa’s 25% stake in Atlantica Yield to Algonquin is a big positive in our view, which has the experience and financial strength to drive Atlatica’s continued growth through accretive project developments.
This article builds on our previous analysis of Atlantica Yield's performance.
Company Overview
Atlantica is a YieldCo which invests in renewable projects, conventional energy generation projects, transmission lines, and water transportation across the US, South America, and EMEA:
- 1,442MW renewable assets
- 300MW