Atlantica Sustainable Infrastructure (NASDAQ:AY) Earns Sell Rating from Analysts at StockNews.com

Analysts at StockNews.com started coverage on shares of Atlantica Sustainable Infrastructure (NASDAQ:AY) in a note issued to investors on Thursday. The firm set a “sell” rating on the utilities provider’s stock.

Atlantica Sustainable Infrastructure Price Performance

Atlantica Sustainable Infrastructure stock opened at $21.99 on Thursday. The company has a market capitalization of $2.55 billion, a PE ratio of 75.83, a PEG ratio of 2.14 and a beta of 1.00. The firm’s fifty day moving average is $22.04 and its 200 day moving average is $22.02. The company has a quick ratio of 1.20, a current ratio of 1.25 and a debt-to-equity ratio of 3.36. Atlantica Sustainable Infrastructure has a 12-month low of $16.82 and a 12-month high of $23.47.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Atlantica Sustainable Infrastructure during the 2nd quarter valued at $30,000. Public Employees Retirement System of Ohio purchased a new position in Atlantica Sustainable Infrastructure during the third quarter valued at $44,000. Private Trust Co. NA boosted its stake in Atlantica Sustainable Infrastructure by 362.1% during the third quarter. Private Trust Co. NA now owns 2,546 shares of the utilities provider’s stock worth $56,000 after acquiring an additional 1,995 shares in the last quarter. Headlands Technologies LLC increased its position in Atlantica Sustainable Infrastructure by 499.4% during the 2nd quarter. Headlands Technologies LLC now owns 4,094 shares of the utilities provider’s stock valued at $90,000 after buying an additional 3,411 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its position in shares of Atlantica Sustainable Infrastructure by 433.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 7,463 shares of the utilities provider’s stock worth $164,000 after purchasing an additional 6,064 shares during the last quarter. 40.53% of the stock is owned by institutional investors.

About Atlantica Sustainable Infrastructure

Atlantica Sustainable Infrastructure plc owns, manages, and invests in renewable energy, storage, natural gas and heat, electric transmission lines, and water assets in North America, South America, Europe, the Middle East, and Africa. The company was formerly known as Atlantica Yield plc and changed its name to Atlantica Sustainable Infrastructure plc in May 2020.