Abengoa Yield plc (ABY) : Zacks Investment Research ranks Abengoa Yield plc (ABY) as 3, which is a Hold recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 3 research analysts is 2.33, which indicates as a Buy.
Abengoa Yield plc (ABY) has been rated by 3 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $23 and the lowest price target forecast is $15. The average forecast of all the analysts is $20.33 and the expected standard deviation is $4.62.
Abengoa Yield plc (NASDAQ:ABY): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $18.98 and $18.92 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $19.39. The buying momentum continued till the end and the stock did not give up its gains. It closed at $19.31, notching a gain of 1.10% for the day. The total traded volume was 274,627 . The stock had closed at $19.10 on the previous day.
The company shares have dropped -40.24% from its 1 Year high price. On Jul 8, 2015, the shares registered one year high at $33.67 and the one year low was seen on Feb 12, 2016. The 50-Day Moving Average price is $17.76 and the 200 Day Moving Average price is recorded at $17.36.
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 Companys 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 1,018 miles of electric transmission lines.