Atlantica Sustainable Infrastructure (AY) 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 A ...

Investors interested in stocks from the Alternative Energy - Other sector have probably already heard of Atlantica Sustainable Infrastructure (AY) and Bloom Energy (BE) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank emphasizes companies with posi ...

Group 1 - TPI Composites, Inc. has nominated Edward "Ned" Hall to its board of directors, effective upon the conclusion of the annual meeting on May 29, 2024 [1] - Philip Deutch and Linda Hudson will retire from the board at the same time, with Deutch having served for 17 years since 2007 [1][2] - Bill Siwek, TPI's President and CEO, expressed excitement about Hall's extensive experience in the wind and renewable energy industries, which will support TPI's long-term strategy [2] Group 2 - Ned Hall has over 35 years of experience in the electricity industry, including senior management roles at AES Corporation and current independent director positions at several companies [3] - Hall's educational background includes a B.S. in Mechanical Engineering from Tufts University and an M.S. in Finance and Technology Innovation from MIT Sloan School of Management [3] Group 3 - TPI Composites focuses on innovative and sustainable solutions to decarbonize and electrify the world, delivering composite solutions through long-term relationships with leading OEMs in the wind and automotive markets [4] - The company is headquartered in Scottsdale, Arizona, and operates factories in the U.S., Mexico, Türkiye, and India, along with engineering development centers in Denmark and Germany [4]

Core Viewpoint - Atlantica Sustainable Infrastructure plc (NASDAQ:AY) has experienced a decline in total return by approximately 2% since the bullish thesis was presented, despite stable dividends. The unfavorable market reaction was triggered by Q4 2023 results, which raised concerns about the sustainability of cash flows and dividends [2][7]. Financial Performance - Q4 2023 EBITDA increased by nearly 100 basis points, but cash flows available for distributions (CAFD) decreased by approximately 12%. This decline was primarily due to changes in working capital and non-core items rather than increased interest and income tax expenses [5][6]. - Interest expenses have decreased due to the sale of minority stakes, and remaining borrowings have remained stable due to fixed-rate financing. Future interest expenses are expected to decline as project-level debt undergoes linear amortization [5][6]. Investment Pipeline - The company has committed between $175 million and $220 million for new investments in solar and storage projects in the U.S., which represents 60% to 70% of the $300 million investment target for 2024. These projects are expected to positively impact CAFD without requiring new equity [5][6]. Asset Quality and Cash Flow - The aging of renewable assets typically leads to a deterioration in generation profiles, which could impact future cash generation if new investments are not made. The current payout ratio of approximately 89% leaves limited funds for reinvestments against a backdrop of significant capital expenditure targets [6][7]. - Upcoming debt maturities in 2025 and 2026 may lead to higher financing costs, further constraining cash flows available for distributions [6][7]. Future Outlook - The company is expected to maintain or slightly grow its CAFD in the short to medium term due to pre-funded projects with existing PPAs. However, the combination of declining asset quality and upcoming debt repricing poses risks to sustaining dividends [7][8]. - The investment case hinges on the trajectory of interest rates, with a base case suggesting potential declines by 2026, which could help protect dividends and facilitate project execution [7][8].

Exhibit 99.1 29,3 I N T E G R A T E D A N N U A L REPORT SCIENCE ESG Sustainability BASED RES INDUSTRY TARGETS Yearbook Member A LIST 2023 2023 TOP RATED ITE CLIMATE ACTION CLIMATE WATER Content | --- | --- | --- | --- | |-------------------------------------------------------|-------|----------------------------------------------------------------|-------| | | | | | | Atlantica in Two Minutes | 3 | Business Ethics | 167 | | Our Purpose and Values | 5 | Sustainability Governance | 174 | | About This Report ...

Core Viewpoint - Algonquin Power & Utilities Corp. (AQN) has shown a mixed performance in Q4-2023, with earnings per share exceeding estimates but overall earnings declining compared to 2022. The company's future performance heavily relies on the successful sale of its renewable assets, which could significantly impact its stock price [1][5][16]. Financial Performance - AQN's Q4-2023 earnings per share were $0.16, surpassing the $0.14 estimate, while adjusted EBITDA beat expectations by 10% [5][6]. - Total revenue for Q4-2023 was $666.9 million, down 11% from $748.0 million in Q4-2022. For the full year, total revenue was $2,698.0 million, a decrease of 2% from $2,765.0 million in 2022 [6]. - The company reported a 13% decline in full-year earnings compared to 2022, despite long-term debt increasing by 13% [5][6]. Outlook and Strategic Moves - AQN has not provided guidance for 2024, focusing instead on the sale of its renewable business, which is expected to be announced in mid-2024 [9][10][12]. - The company is actively pursuing the sale of its renewable assets, with indications of high interest from potential buyers [9][16]. - AQN's management is also working closely with Atlantica Sustainable (AY) to maximize the value of their combined assets, which may influence the sale process [12][14]. Rate Cases and Regulatory Environment - AQN has several pending rate cases in favorable jurisdictions, with authorized revenue increases of $44.1 million reflecting an average authorized Return on Equity (ROE) of approximately 9.6% [17][18]. Renewable Energy Projects - Despite plans to sell its renewable assets, AQN continues to progress on existing renewable projects, indicating ongoing investment in this segment [18][19].

Group 1: Atlantica (AY) - Atlantica has increased renewable energy production by 2.6% year-over-year in 2023, driven by higher solar asset production in Spain and the US [2][3] - Revenue in North America rose by 4.9% to $424.9 million in 2023, supported by the company's focus on solar and storage projects [3] - The company is exploring growth opportunities in South America and Europe, leveraging inflation-indexed contracts for revenue stability [4] Group 2: Goodyear (GT) - Goodyear's "Goodyear Forward" plan aims for annualized cost reductions of $1.0 billion by Q4 2025, with an expected benefit of approximately $350 million in segment operating income in 2024 [5][6] - The company is focusing on margin expansion strategies to capture $300 million of incremental segment operating income, enhancing profitability [6] Group 3: JAKKS Pacific (JAKK) - JAKKS Pacific achieved a 6% year-over-year increase in gross margin dollars in 2023, indicating operational efficiency despite declining net sales [7] - The Q4 gross margin improved to 31.4% in 2023 from 26.5% in 2022, reflecting better cost management [7] - The company reduced finished goods inventory by 35% year-over-year to $52.6 million, optimizing working capital and positively impacting the bottom line [9]

Atlantica Sustainable Infrastructure (AY) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by th ...

zhongguo It has been almost a year since the last time we covered Atlantica Sustainable Infrastructure (NASDAQ:AY), which we already thought was attractively priced, although we warned that we did not expect the company to deliver much growth in cash available for distribution (CAFD) or dividend increases. Surprisingly, their "Strategic Review" is still ongoing, but we now have full year 2023 results and FY2024 guidance to update our take on the company. While interest rates have increased more than we ...

Atlantica Sustainable Infrastructure PLC (NASDAQ:AY) Q4 2024 Earnings Conference Call March 1, 2024 8:00 AM ET Company Participants Santiago Seage - Chief Executive Officer Francisco Martinez-Davis - Chief Financial Officer Conference Call Participants Nelson Ng - RBC Capital Markets Mark Jarvi - CIBC Capital Markets Angie Storozynski - Seaport William Grippin - UBS Rupert Merer - National Bank of Canada Operator Welcome to Atlantica's Full Year 2023 Financial Results Conference Call. Just a reminder that t ...