Atlantica Sustainable Infrastructure

Atlantica Sustainable Infrastructure Plc engages in the ownership, management, and acquisition of renewable energy. It specializes in the following businesses: Renewable Energy; Natural Gas; Electrical Transmission; and Water. The Renewable Energy business includes production of electricity from solar power and wind plants. The Natural Gas business offers electricity and steam from natural gas. The Electric Transmission business relates to the operation of electric transmission lines. The Water business is responsible for desalination plants related activities. The company was founded on December 17, 2013 and is headquartered in Brentford, United Kingdom.

Earnings data Q1 2024

AY reports Q1 2023 growth, eyes acquisitions amid strategic review

AY's Q1 2023 demonstrated overall growth in revenue, adjusted EBITDA, and CAFD, driven by strong performance in South America and the EMEA region. The company's focus on renewable energy assets and its active pursuit of growth opportunities signal a promising outlook.

Atlantica reports Q2 growth, eyes US market for project development

Atlantica's Q2 2023 performance reflects growth in revenue and adjusted EBITDA, with notable regional variations. The company maintains a strong liquidity position and is focused on expanding its renewable energy and storage projects. However, challenges in specific regions and lower wind portfolio performance pose considerations for future performance.

Atlantica reports stable Q3 performance, eyes growth in renewable energy

Atlantica's Q3 performance reflects stable financials and proactive management, underlining its strong position in the high-growth renewable energy market. The company's strategic focus on storage projects and the signing of tolling agreements in California demonstrate a forward-looking approach to market opportunities and operational excellence.

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We had suggested that Atlantica Sustainable should be bought under $24. We got that and the stock is now yielding near 7.5%. We took the 20% yield route.

Atlantica Sustainable: Valuation Compresses For A Sound Entry Point

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Arcos Dorados (ARCO), Atlantica Sustainable Infrastructure (AY), and Lyft (LYFT) are very relevant companies in their respective industries and have the potential to be valuable investments.

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Atlantica Sustainable Infrastructure's shares have fallen back into buy territory, offering potential long-term returns of over 10% with relatively low risks. AY operates renewable energy assets and has predictable cash flow growth, making it an attractive investment for retirees and high-yield investors. Risks include counterparties not fulfilling their obligations in long-term contracts and the possibility of agreements being revoked or terminated at the discretion of the off-takers' government.

Atlantica Sustainable Infrastructure: Finally Attractive Again

AQN stock has lost more than half of its value since the highs of February 2021 while the dividend has suffered a similar fate. AY has also seen its stock sell off quite a bit from previous highs. That said, we believe that the sell-offs have been overdone and the stocks now offer compelling value.

Algonquin And Atlantica: Strategic Reviews Could Be A Major Catalyst

Atlantica Sustainable Infrastructure plc (NASDAQ:AY ) Q1 2023 Earnings Conference Call May 5, 2023 8:00 AM ET Company Participants Santiago Seage - Chief Executive Officer Francisco Martinez-Davis - Chief Financial Officer Conference Call Participants Angie Storozynski - Seaport Julien Dumoulin-Smith - Bank of America Eli Rodney - National Bank of Canada Mark Jarvi - CIBC Santiago Seage Thank you very much. Good morning, and thank you for joining for our First Quarter 2023 Conference Call.

Atlantica Sustainable Infrastructure plc (AY) Q1 2023 Earnings Call Transcript

Atlantica Sustainable Infrastructure (AY) came out with a quarterly loss of $0.09 per share versus the Zacks Consensus Estimate of a loss of $0.17. This compares to loss of $0.10 per share a year ago.

Atlantica Sustainable Infrastructure (AY) Reports Q1 Loss, Misses Revenue Estimates

May 5, 2023 – Atlantica Sustainable Infrastructure plc (NASDAQ: AY) (“Atlantica” or the “Company”) today reported its financial results for the first quarter of 2023. Revenue for the first quarter of 2023 was $242.5 million, a 2.0% decrease compared with the first quarter of 2022. On a comparable basis1, revenue increased by 1.5%. Adjusted EBITDA was $174.2 million, a 0.3% increase compared to the first quarter of 2022 and a 4.0% increase on a comparable basis1. CAFD was $61.0 million, a 12.1% rise compared with $54.4 million in the first quarter of 2022 and includes $4.1 million from the sale of part of our equity interest in our development company in Colombia to a partner. Without this impact, CAFD increased by 4.6% in the first quarter of 2023 compared to the same quarter of the previous year. CAFD per share3 was $0.53, an 8.9% increase compared to the same period of the previous year and a 1.5% increase without the effect of the sale previously described.

Atlantica Reports Q1 2023 Financial Results

Akuo and Atlantica Sustainable Infrastructure Announce the Financial Close and the Start of Construction of a 80 MWp S olar PV Portfolio in Chile

Akuo and Atlantica Sustainable Infrastructure Announce the Financial Close and the Start of Construction of a 80 MWp Solar PV Portfolio in Chile

April 26, 2023 – Atlantica Sustainable Infrastructure (NASDAQ: AY) announced today that it will release its financial results for the first quarter of 2023 before the opening of the market on Friday, May 5, 2023. The information will be published on Atlantica's website www.atlantica.com.

Atlantica to Present First Quarter 2023 Financial Results on May 5

Best Renewable Energy Stocks To Watch: Our Top Pick Is Atlantica Sustainable Infrastructure.

Best Renewable Energy Stocks To Watch: Our Top Pick Is Atlantica Sustainable Infrastructure

OAKVILLE, ON , March 17, 2023 /PRNewswire/ - Algonquin Power & Utilities Corp. (TSX: AQN) (NYSE: AQN) ("AQN" or the "Company") today announced financial results for the fourth quarter and year ended December 31, 2022. All amounts are shown in United States dollars ("U.S. $" or "$"), unless otherwise noted.

Algonquin Power & Utilities Corp. Announces 2022 Fourth Quarter and Full Year Financial Results

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Atlantica Sustainable Infrastructure plc (NASDAQ:AY ) Q4 2022 Earnings Conference Call March 1, 2023 8:00 AM ET Company Participants Santiago Seage - Chief Executive Officer Francisco Martinez-Davis - Chief Financial Officer Conference Call Participants David Quezada - Raymond James Angie Storozynski - Seaport Mark Jarvi - CIBC Capital Markets William Grippin - UBS Morgan Reid - Bank of America Operator Welcome to Atlantica's Full Year 2022 Financial Results Conference Call. Atlantica is a Sustainable Infrastructure company.

Atlantica Sustainable Infrastructure plc (AY) Q4 2022 Earnings Call Transcript

Atlantica Sustainable Infrastructure (AY) delivered earnings and revenue surprises of 115% and 2.59%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Atlantica Sustainable Infrastructure (AY) Q4 Earnings Beat Estimates

March 1, 2023 – Atlantica Sustainable Infrastructure plc (NASDAQ: AY) (“Atlantica” or the “Company”) today reported its financial results for the year 2022. Revenue for 2022 was $1,102.0 million, a 9.1% decrease compared with 2021 and a 2.9% increase on a comparable basis1. Adjusted EBITDA was $797.1 million, a 3.3% decrease compared to 2021 and a 1.5% increase on a comparable basis1. Net cash provided by operating activities reached $586.3 million in 2022, a 16.0% increase compared to 2021. CAFD was $237.9 million in 2022, a 5.5% increase compared with $225.6 million in 2021. CAFD per share2 was $2.07, a 2.1% increase compared to 2021.

Atlantica Reports 2022 Financial Results

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