Abengoa Yield PLC (ABY) was Initiated by Guggenheim to “Neutral”. Guggenheim advised their investors in a research report released on Apr 13, 2016.
Abengoa Yield PLC closed down -0.25 points or -1.49% at $16.49 with 2,29,623 shares getting traded on Monday. Post opening the session at $16.83, the shares hit an intraday low of $16.49 and an intraday high of $17.19 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
Abengoa Yield plc is an engineering and clean technology company. The Company owns manages and acquires renewable energy conventional power electric transmission lines and other contracted revenue-generating assets focused on North America (United States and Mexico) and South America (Peru Chile Brazil and Uruguay) as well as Europe (Spain). The Company’s business sectors include renewable energy which includes its activities related to the production electricity from solar power and wind plants; Conventional power which includes its activities related to the production of electricity and steam from natural gas and electric transmission lines which includes its activities related to the operation of electric transmission lines. It owns interests in approximately 15 assets comprising over 891 megawatt (MW) of renewable energy generation approximately 300 MW of conventional power generation and approximately 1018 miles of electric transmission lines.