RBC Capital analyst Shelby Tucker upgraded Atlantica Sustainable Infrastructure (AY) to Outperform from Sector Perform with an unchanged $34 price target. The analyst believes that the current share price is "attractive", reflecting the stock’s 2023 CAFD yield of 8.0% and supporting the 6.7% dividend yield. A potential divestment of Algonquin’s (AQN) stake could also be a catalyst for the shares, Tucker tells investors in a research note.
Published first on TheFly
