Back to top
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Atlantica Sustainable Infrastructure PLC (AY) - free report >>
We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Atlantica Sustainable Infrastructure PLC (AY) - free report >>
Image: Bigstock
Atlantica Sustainable Infrastructure (AY) Soars 8.2%: Is Further Upside Left in the Stock?
Atlantica Sustainable Infrastructure (AY - Free Report) shares rallied 8.2% in the last trading session to close at $19.91. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 1.5% gain over the past four weeks.
Per a few media sources, Atlantica Sustainable Infrastructure received unusually large options trading on April 23. This must have boosted investors’ confidence in this stock, thereby resulting in the latest uptick in AY’s share price.
This owner of electric power assets is expected to post quarterly loss of $0.13 per share in its upcoming report, which represents a year-over-year change of -44.4%. Revenues are expected to be $240.87 million, down 0.7% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Atlantica Sustainable Infrastructure, the consensus EPS estimate for the quarter has been revised 8.9% higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. So, make sure to keep an eye on AY going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Atlantica Sustainable Infrastructure is a member of the Zacks Alternative Energy - Other industry. One other stock in the same industry, Crescent Energy (CRGY - Free Report) , finished the last trading session 0.4% lower at $10.98. CRGY has returned -4.3% over the past month.
Crescent Energy's consensus EPS estimate for the upcoming report has changed -26.8% over the past month to $0.16. Compared to the company's year-ago EPS, this represents a change of -50%. Crescent Energy currently boasts a Zacks Rank of #3 (Hold).