Atlantica Sustainable: Algonquin Dumps For A Low Price


  • Atlantica Sustainable Infrastructure plc announced a sale to Energy Capital Partners at a price of $22.00 per share.
  • The purchase price represents a premium to Atlantica’s Sustainable price before rumors of the deal.
  • We examine the deal valuation from AY and Algonquin Power & Utilities Corp.’s perspective and tell you why a slightly higher price is probable.

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We have written about Atlantica Sustainable Infrastructure plc (NASDAQ:AY) and Algonquin Power & Utilities Corp. (NYSE:AQN) several times previously. In both cases, we were generally skeptical of the fantastically rich valuations that bulls were

Analyst’s Disclosure: I/we have a beneficial long position in the shares of AY either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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