- Avista Corporation is far more focused on renewables than most electric utilities and already derives more than half of its production from green energy sources.
- The market has been very energetic about renewables, with ESG funds consistently beating many traditional funds in terms of inflows/outflows.
- This could help to put a floor on the stock but electrification driven by renewables may be a bit oversold by the media.
- The company's debt load appears reasonable and it appears able to maintain its current 4.26% yield.
- The valuation looks a bit high relative to a few of its peers that are also focusing heavily on renewable energy.
For further details see:
Avista Corporation: Excellent Renewables Play But Price A Bit High