2024-06-01 02:08:54 ET
Summary
- Avista is a utility company with a growing renewable energy business, including hydro, wind, and biomass.
- The company exhibits strong financials with a conservative balance sheet relative to peers.
- Compared to its historical multiple, the company appears to be trading at a discount at 14.8% earnings.
- With a 5.1% yield and undervaluation relative to its historical multiple, Avista has potential for both growth and income.
Introduction
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For further details see:
Avista: Growth And Income In The Renewable Energy Space