Price Action Alert: Atlantica Yield PLC’s Stock Is Buy After Today’s Huge Increase

Price Action Alert: Atlantica Yield PLC's Stock Is Buy After Today's Huge Increase

The stock of Atlantica Yield PLC (NASDAQ:ABY) is a huge mover today! The stock increased 3.60% or $0.66 on November 23, hitting $18.99. About 1.12 million shares traded hands or 179.32% up from the average. Atlantica Yield PLC (NASDAQ:ABY) has risen 1.71% since April 22, 2016 and is uptrending. It has underperformed by 3.70% the S&P500.
The move comes after 5 months positive chart setup for the $1.93 billion company. It was reported on Nov, 24 by Barchart.com. We have $20.13 PT which if reached, will make NASDAQ:ABY worth $115.80 million more.

Analysts await Atlantica Yield PLC (NASDAQ:ABY) to report earnings on March, 7. They expect $-0.17 earnings per share, up 29.17% or $0.07 from last year’s $-0.24 per share. After $0.33 actual earnings per share reported by Atlantica Yield PLC for the previous quarter, Wall Street now forecasts -151.52% negative EPS growth.

Atlantica Yield PLC (NASDAQ:ABY) Ratings Coverage

Out of 3 analysts covering Abengoa Yield (NASDAQ:ABY), 0 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 0 are positive. $47 is the highest target while $16 is the lowest. The $21.75 average target is 14.53% above today’s ($18.99) stock price. Abengoa Yield has been the topic of 8 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The company was downgraded on Monday, November 30 by Bank of America. The stock has “Neutral” rating given by Bank of America on Tuesday, September 8. The firm earned “Equal-Weight” rating on Wednesday, September 30 by Morgan Stanley. The firm has “Buy” rating given on Tuesday, August 11 by Canaccord Genuity. The stock of Atlantica Yield PLC (NASDAQ:ABY) earned “Hold” rating by Canaccord Genuity on Monday, November 30. RBC Capital Markets maintained the shares of ABY in a report on Monday, August 3 with “Outperform” rating.

According to Zacks Investment Research, “Atlantica Yield Plc owns, manages and acquires a diversified portfolio of contracted assets in the power and environment sectors. It operates primarily in North America, South America and Europe. Atlantica Yield Plc, formerly known as Abengoa Yield plc, is based in Brentford, the United Kingdom.”

More recent Atlantica Yield PLC (NASDAQ:ABY) news were published by: Marketwatch.com which released: “/quotes/zigman/3870025/realtime” on April 24, 2011. Also Globenewswire.com published the news titled: “Abengoa Yield Changes Its Corporate Brand to Atlantica Yield” on January 07, 2016. Globenewswire.com‘s news article titled: “Atlantica Yield to Present Second Quarter 2016 Financial Results on August 5” with publication date: August 03, 2016 was also an interesting one.

ABY Company Profile

Atlantica Yield Plc, incorporated on December 17, 2013, owns, manages and acquires a diversified portfolio of contracted assets in the power and environment sectors. The Firm owns approximately 20 assets, comprising 1,441 mega watts of renewable energy generation, 300 mega watts of conventional power generation, 1,099 miles of electric transmission lines and 10.5 Mft3 per day of water assets.

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