Atlantica Sustainable InfrastructureNASDAQ: AY

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.

AY, CQP, and TEF made it to the Zacks Rank #1 (Strong Buy) income stocks list on July 15, 2024.

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 offers value investors a better bang for their buck right now?

As the market continues its remarkable rally in June, some investors might suppose that opportunities for substantial gains have diminished. Generally, I would agree.

As a seasoned income investor, I have a preference for high-quality dividend stocks that provide both steady income and potential for growth, making up for any missed income from selling the stock.

The decline in Atlantica Sustainable Infrastructure's stock price has stabilized so far this year, thanks to positive guidance for 2024 and recent acquisitions. The company's dividends are expected to increase further, despite potential risks. While the stock's P/E ratio has increased, it is still below the long-term average, making it an appealing investment option.

MHO, UHS, YOU, SPOT, and AY were included in the Zacks Rank #1 (Strong Buy) List on April 29, 2023.

Investors interested in Alternative Energy - Other stocks may be familiar with both Atlantica Sustainable Infrastructure (AY) and Bloom Energy (BE). However, which of these companies is the most attractive choice for those seeking undervalued stocks?

Atlantica Sustainable Infrastructure (AY) lacks the necessary ingredients for a potential earnings beat in its upcoming report. Be ready with the key expectations.