Abengoa Yield plc (ABY) has been under a strong bear grip, hence the stock is down -2.09% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.76% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.19% in the last 1 week, and is up 0.34% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Abengoa Yield plc (NASDAQ:ABY): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $20.15 and $20.05 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $20.71. The buying momentum continued till the end and the stock did not give up its gains. It closed at $20.39, notching a gain of 2.82% for the day. The total traded volume was 1,183,981 . The stock had closed at $19.83 on the previous day.
The stock has recorded a 20-day Moving Average of 0.92% and the 50-Day Moving Average is 8.27%. Atlantica Yield plc is up 21.08% in the last 3-month period. Year-to-Date the stock performance stands at 5.7%.
Abengoa Yield plc (ABY) : Average target price received by Abengoa Yield plc (ABY) is $20.33 with an expected standard deviation of $4.62. The most aggressive target on the stock is $23, whereas the most downbeat target is $15. 3 financial analysts are currently covering the stock.
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.