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mid-cap

One NYSE-Listed Utility Stock at Resistance Level: Atlantica Sustainable Infrastructure plc

May 08, 2024 | Team Kalkine
One NYSE-Listed Utility Stock at Resistance Level: Atlantica Sustainable Infrastructure plc

AY:NASDAQ
Investment Type
Mid - Cap
Risk Level
Action
Rec. Price (US$)

Atlantica Sustainable Infrastructure plc

Company Overview: Atlantica Sustainable Infrastructure Plc (NASDAQ: AY) is a sustainable infrastructure company with most 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.

As per our previous US Dividend Income report published on ‘AY’ on 10th April 2024, Kalkine provided an ‘Buy’ stance on the stock at USD 18.44 based on expected valuation upside, consistency in topline, attractive valuation, risks associated, positive outlook and trading levels and the stock price has now moved by ~16.11% since then and has attained resistance 1 and resistance 2.

Noted below are the details of support and resistance levels provided in our previous report:

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