Opinions
Varun Anand
Atlantica Sustainable Infrastructure
AY-Q
BUY
Oct 27, 2020
$30.050
Stock price when the opinion was issued
Utilities
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A holding company for a renewable assets, transmission lines and water desalination assets. When the stock market has rebounded, despite uncertainty, he sees this as a defensive holding. He likes the yield and thinks it could grow by double-digits this year. They are a strong ESG candidate for a portfolio. Yield 5.5% (Analysts’ price target is $31.25)
Energy Infrastructure, Industrials & Utilities
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It's undervalued vs. its peers. AY is diversified in terms of geography and technology. They have a big project tied to PG&E in California; there were concerns that if PG&E went bankrupt that AY would lose 10% of its cash flow. But PG&E never missed its payments. AY is worth a little more than current levels. It yields around 5.5%. AY has renewable assets around the world. It ranges $20-30. This is good for investors looking for mid-single digit dividend growth and low volatilty.