Atlantica Yield PLC Is a Sell; Strong Momentum from Option Traders

 Atlantica Yield PLC Is a Sell; Strong Momentum from Option Traders

In today’s session Atlantica Yield PLC (ABY) recorded an unusually high (1,004) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the May, 2017 put, expecting serious ABY decrease. With 1,004 contracts traded and 1524 open interest for the May, 17 contract, it seems this is a quite bearish bet. The option with symbol: ABY170519P00017500 closed last at: $1.6 or 20% down. About 44,848 shares traded hands. 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.

Analysts await Atlantica Yield PLC (NASDAQ:ABY) to report earnings on March, 7. They expect $-0.17 EPS, up 29.17% or $0.07 from last year’s $-0.24 per share. After $0.33 actual EPS 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 13.99% above today’s ($19.08) stock price. Abengoa Yield has been the topic of 8 analyst reports since August 3, 2015 according to StockzIntelligence Inc. Morgan Stanley downgraded the stock to “Equal-Weight” rating in Wednesday, September 30 report. The stock of Atlantica Yield PLC (NASDAQ:ABY) earned “Neutral” rating by Bank of America on Tuesday, September 8. The firm has “Hold” rating by Canaccord Genuity given on Monday, November 30. The rating was downgraded by Bank of America to “Underperform” on Monday, November 30. RBC Capital Markets maintained it with “Outperform” rating and $47 target price in Monday, August 3 report. The stock has “Buy” rating given by Canaccord Genuity on Tuesday, August 11.

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.”

Atlantica Yield Plc owns, manages and acquires a diversified portfolio of contracted assets in the power and environment sectors. The company has a market cap of $1.98 billion. 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. It currently has negative earnings. The Company’s portfolio is diversified both by business segment and geography.

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.

More important recent Atlantica Yield PLC (NASDAQ:ABY) news were published by: Nasdaq.com which released: “Atlantica Yield plc (ABY) Ex-Dividend Date Scheduled for November 28, 2016” on November 25, 2016, also Marketwatch.com published article titled: “/quotes/zigman/3870025/realtime”, Globenewswire.com published: “Abengoa Yield Changes Its Corporate Brand to Atlantica Yield” on January 07, 2016. More interesting news about Atlantica Yield PLC (NASDAQ:ABY) was released by: Globenewswire.com and their article: “Atlantica Yield to Present Second Quarter 2016 Financial Results on August 5” with publication date: August 03, 2016.

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