Varun Anand
Atlantica Sustainable Infrastructure
AY-Q
PAST TOP PICK
Apr 27, 2021
(A Top Pick Jul 03/20, Up 39%) The stock has run up, so he isn't buying it. A renewable energy play with diversity geographically an in energy generation. They've offered stable results during Covid as they bought a 594 mega watt portfolio in the U.S. which concerned some investors, but he sees opportunity. He still likes it, though trimmed it during outperformance. He'd buy back in.
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)
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