Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Atlantica Sustainable Infrastructure PLC before investing.

In this article, we go over a few key elements for understanding Atlantica Sustainable Infrastructure PLC’s stock price such as:

• Atlantica Sustainable Infrastructure PLC’s current stock price and volume
• Why Atlantica Sustainable Infrastructure PLC’s stock price changed recently
• Upgrades and downgrades for AY from analysts
• AY’s stock price momentum as measured by its relative strength

About Atlantica Sustainable Infrastructure PLC (AY)

Before we jump into Atlantica Sustainable Infrastructure PLC’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Atlantica Sustainable Infrastructure Plc is a sustainable infrastructure company with a majority of its business in renewable energy assets. It owns and manages operating facilities and projects under development in North America (United States, Canada and Mexico), South America (Peru, Chile, Colombia and Uruguay) and EMEA (Spain, Italy, Algeria and South Africa). The Company's assets are organized into four business sectors: renewable energy, efficient natural gas and heat, transmission lines and water. Its portfolio consists of approximately 45 assets with 2,171 megawatts (MW) of aggregate renewable energy installed generation capacity (of which approximately 73% is solar), 343 MW of natural gas-fired power generation capacity, 55 thermal megawatts (MWt) of district heating capacity, 1,229 miles of electric transmission lines and 17.5 million cubic feet (ft3) per day of water desalination. The Company also owns two wind assets, with a combined installed capacity of 32 MW in Scotland.

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Atlantica Sustainable Infrastructure PLC’s Stock Price as of Market Close

As of May 28, 2024, 4:00 PM, CST, Atlantica Sustainable Infrastructure PLC’s stock price was $22.21.

Atlantica Sustainable Infrastructure PLC is down 5.17% from its previous closing price of $23.42.

During the last market session, Atlantica Sustainable Infrastructure PLC’s stock traded between $22.79 and $23.43. Currently, there are 116.16 million shares of Atlantica Sustainable Infrastructure PLC stock available for purchase.

Atlantica Sustainable Infrastructure PLC’s price-earnings (P/E) ratio is currently at 58.8, which is high compared to the Utilities - Electric industry median of 16.7. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Atlantica Sustainable Infrastructure PLC Stock Price History

Atlantica Sustainable Infrastructure PLC’s (AY) price is currently up 13.49% so far this month.

During the month of May, Atlantica Sustainable Infrastructure PLC’s stock price has reached a high of $23.47 and a low of $19.58.

Over the last year, Atlantica Sustainable Infrastructure PLC has hit prices as high as $25.22 and as low as $16.35. Year to date, Atlantica Sustainable Infrastructure PLC’s stock is down 14.25%.

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What Caused Atlantica Sustainable Infrastructure PLC Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of May 24, 2024, there were 2 analysts who downgraded Atlantica Sustainable Infrastructure PLC’s stock and 3 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Atlantica Sustainable Infrastructure PLC’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Atlantica Sustainable Infrastructure PLC’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Atlantica Sustainable Infrastructure PLC’s current valuation based on AAII’s Value Grade is a C, which means it is considered to be Average.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Atlantica Sustainable Infrastructure PLC (AY) by visiting AAII Stock Evaluator.

Relative Price Strength of Atlantica Sustainable Infrastructure PLC

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of May 24, 2024, Atlantica Sustainable Infrastructure PLC has a weighted four-quarter relative price strength of 0.10%, which translates to a Momentum Score of 67 and is considered to be Strong.

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Atlantica Sustainable Infrastructure PLC Stock Price: Bottom Line

As of May 28, 2024, Atlantica Sustainable Infrastructure PLC’s stock price is $22.21, which is down 5.17% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Atlantica Sustainable Infrastructure PLC stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.