AY Stock Summary and Trading Ideas (Atlantica Sustainable Infrastructure PLC - | NASDAQ:AY)

Atlantica Sustainable Infrastructure PLC owns, manages, and acquires renewable energy, conventional power, electric transmission lines and water assets. It is focused on North America (the United States and Mexico), South America (Peru, Chile, Brazil, and Uruguay) and EMEA (Spain, Algeria and South Africa). The company's segments include North America, South America and Europe, Middle East and Africa. The renewable energy sector includes the company's activities related to the production of electricity from solar power and wind plants. Atlantica derives the majority of its revenues from EMEA, followed by South America and North America.

Atlantica Sustainable Infrastructure PLC - trades on the NASDAQ stock market under the symbol AY.

As of April 24, 2024, AY stock price climbed to $20.41 with 1,904,722 million shares trading.

AY has a beta of 0.86, meaning it tends to be less sensitive to market movements. AY has a correlation of 0.11 to the broad based SPY ETF.

AY has a market cap of $2.37 billion. This is considered a Mid Cap stock.

Last quarter Atlantica Sustainable Infrastructure PLC - reported $241 million in Revenue and $.02 earnings per share. This fell short of revenue expectation by $-5 million and exceeded earnings estimates by $.26.

In the last 3 years, AY stock traded as high as $41.32 and as low as $16.35.

The top ETF exchange traded funds that AY belongs to (by Net Assets): PID, TAN, QCLN, FNDA, KOMP.

AY stock has underperformed the market in the last year with a return of -20.0%, while SPY returned +24.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in AY shares. However, AY has outperformed the market in the last 3 month and 2 week periods, returning +7.1% and +7.4%, while SPY returned +4.6% and -2.7%, respectively. This indicates AY has been having a stronger performance recently.

AY support price is $19.42 and resistance is $20.40 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AY stock will trade within this expected range on the day.