$AY:NASDAQ - ATLANTICA YIELD PLC - Running well up to earnings

Atlantica has been having a good run up roughly 35% since the start of the year. It is at a bit of a resistance area so needs to break above and test it but the various signals and current track record look good. Could be one to watch as a bit of a defensive stock.

Atlantica Yield plc, formerly Abengoa Yield plc, is a total return company. The Company owns, manages, and acquires renewable energy, conventional power, electric transmission lines and water assets, focused on North America (the United States and Mexico), South America (Peru, Chile, Brazil and Uruguay) and Europe, Middle East and Africa (Spain, Algeria and South Africa). Its segments include North America, South America and EMEA. It operates in business sectors, including renewable energy, conventional power, electric transmission lines and water. As of December 31, 2016, it owned or had interests in 21 assets, comprising 1,442 megawatt (MW) of renewable energy generation, 300 MW of conventional power generation, 1,099 miles of electric transmission lines, as well as an exchangeable preferred equity investment in Abengoa Concessoes Brasil Holding S.A., (ACBH). The renewable energy sector includes its activities related to the production electricity from solar power and wind plants.

코멘트:

Nice 17% run so far and still looking good. I think any renewable energy type stocks will do well as they get added to more and more "Green" ETFs and Funds.

코멘트:

Continuing to run well.