
AY Stock Forecast & Price Target
AY Analyst Ratings
Bulls say
Atlantica Sustainable Infrastructure PLC has demonstrated a solid pipeline growth, currently totaling 2.2GW of renewable projects and 6GWh of storage projects, reflecting a slight increase from the previous quarter. The company's proactive approach towards new investments is noteworthy, with management having locked in $175-220 million for 2024, indicating a strong commitment to reaching its $300 million investment target for the year. Additionally, the increase of ready-to-build and advanced development projects in the pipeline to 50% suggests a strategic focus on enhancing project delivery, which is expected to contribute positively to future EBITDA growth.
Bears say
Atlantica Sustainable Infrastructure PLC has experienced a decline in Adjusted EBITDA across key segments, with Renewables and Water both declining by approximately 2%, contributing to a modest overall decrease in full-year Adjusted EBITDA of 0.3%. Furthermore, the company's lowered projections for Adjusted EBITDA indicate a negative trend, projecting figures below previous estimates for the years 2023 through 2027. The overall outlook is further constrained by operational challenges within the portfolio, a deteriorating cost of equity, and limited attractive investment opportunities, which together raise concerns about potential dividend reductions.
This aggregate rating is based on analysts' research of Atlantica Sustainable Infrastructure and is not a guaranteed prediction by Public.com or investment advice.
AY Analyst Forecast & Price Prediction
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