One of the most dynamic growth sectors in the market has recently pulled back sharply. I think the dip will be short-lived for the most quality companies in that sector. I share my top two picks in the sector.
Atlantica Sustainable Infrastructure (AY) came out with quarterly earnings of $0.14 per share, missing the Zacks Consensus Estimate of $0.32 per share. This compares to earnings of $0.18 per share a year ago.
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
| - Industry | - Sector | Mr. Santiago Seage Medela CEO | NASDAQ (NGS) Exchange | G00349103 CUSIP |
| United Kingdom Country | 1,366 Employees | 12 Dec 2024 Last Dividend | - Last Split | 13 Jun 2014 IPO Date |
Atlantica Sustainable Infrastructure plc is a distinguished entity in the realm of sustainable infrastructure, primarily focusing on the ownership, management, and investment within renewable energy sectors and beyond. Initially established under the name Atlantica Yield plc, the company underwent a rebrand to its current denomination in May 2020, signaling a renewed emphasis on its sustainable infrastructure commitments. Having been incorporated in 2013, Atlantica Sustainable Infrastructure plc lays its foundations in Brentford, the United Kingdom. Yet, its operational footprint spans across several continents, including North America, South America, Europe, the Middle East, and Africa. This wide-ranging presence underscores the company's significant role in promoting and implementing sustainable infrastructure projects on a global scale.
Atlantica Sustainable Infrastructure plc specializes in investments and operational management in the renewable energy sector. This includes, but is not limited to, solar and wind energy projects, showcasing the company's commitment to harnessing natural resources for power generation with minimal environmental impact.
The company extends its expertise to the domain of energy storage solutions. These systems are essential for maintaining energy reliability and ensuring the efficient distribution of renewable energy, thereby stabilizing the grid and facilitating a consistent energy supply.
Despite a strong focus on renewable resources, Atlantica Sustainable Infrastructure plc also invests in natural gas and heat projects. These endeavors are tailored to complement the renewable sector, offering transitional solutions that optimize energy mix and sustainability in the short to medium term.
Understanding the importance of infrastructure in energy distribution, the company invests in and manages electric transmission lines. This infrastructure is crucial for the delivery of electricity across vast distances, from generation sites to end users, ensuring efficiency and reliability in power distribution.
The portfolio of Atlantica Sustainable Infrastructure plc also boasts investments in water assets. This includes infrastructure related to water treatment and distribution, reflecting the company's broader vision of sustainability that encompasses not just energy, but also essential resources like water.