ATLANTICA SUSTAINABLE INFRASTRUCTURE Reports Q2 FY2023 Revenue Increase of 1.4% to USD 312.1 Million
August 19, 2023
☀️Earnings Overview
On June 30th, 2023, ATLANTICA SUSTAINABLE INFRASTRUCTURE ($NASDAQ:AY) revealed their financial results for the second quarter of the fiscal year 2023, with total revenue reaching USD 312.1 million, showing a 1.4% growth from the second quarter of FY2022. Furthermore, net income increased significantly by 121.3% to USD 35.6 million year over year.
Analysis
GoodWhale’s financial analysis of ATLANTICA SUSTAINABLE INFRASTRUCTURE reveals that the company is strong in assets, dividend and medium in profitability and weak in growth. According to Star Chart, ATLANTICA SUSTAINABLE INFRASTRUCTURE is classified as a ‘cow’, a type of company that has the track record of paying out consistent and sustainable dividends. Therefore, investors who are looking for a steady and low-risk but profitable investment may be particularly interested in ATLANTICA SUSTAINABLE INFRASTRUCTURE. Furthermore, ATLANTICA SUSTAINABLE INFRASTRUCTURE has a high health score of 7/10, indicating that the company is financially sound and has the capability to survive any economic downturns without bankruptcy. This further strengthens the case for investors who are interested in low-risk investments. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for AY. More…
| Total Revenues | Net Income | Net Margin |
| 1.1k | 15.15 | 2.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for AY. More…
| Operations | Investing | Financing |
| 460.86 | -43.03 | -603.11 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for AY. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 8.9k | 7.19k | 13.17 |
Key Ratios Snapshot
Some of the financial key ratios for AY are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 4.2% | -12.9% | 26.4% |
| FCF Margin | ROE | ROA |
| 34.9% | 11.9% | 2.0% |
Peers
The competition among Atlantica Sustainable Infrastructure PLC, Brookfield Renewable Partners LP, Brookfield Renewable Corp, and Northland Power Inc is fierce. All four companies are striving to be the leading provider of sustainable infrastructure solutions. Each company has its own unique strengths and weaknesses, and they are constantly trying to one-up each other. This competition is good for the consumer, as it drives down prices and drives up innovation.
– Brookfield Renewable Partners LP ($TSX:BEP.UN)
As of 2022, Brookfield Renewable Partners LP has a market cap of 10.74B and a Return on Equity of 16.34%. The company operates as a renewable energy company with a focus on hydroelectric power, wind power, and solar power. The company owns and operates a portfolio of renewable power assets across North America, South America, Europe, and Asia.
– Brookfield Renewable Corp ($TSX:BEPC)
As of 2022, Brookfield Renewable Corp has a market cap of 7.18B and a Return on Equity of 30.68%. The company operates in the renewable energy sector and is one of the largest global providers of renewable power. Brookfield Renewable’s business model is based on long-term contracts with utilities and other customers, which provides stable and predictable cash flows. The company has a diversified portfolio of assets across North America, South America, Europe, and Asia.
– Northland Power Inc ($TSX:NPI)
Northland Power Inc is a Canadian electricity generation and energy infrastructure company with a market cap of 9.16B as of 2022. The company has a Return on Equity of 22.74%. Northland Power owns and operates a diversified portfolio of power plants in Canada, the United States, Germany, and Taiwan, totaling over 2,000 MW of installed capacity. The company produces electricity from thermal, wind, solar, and hydro power facilities and sells it to utilities and other large commercial customers under long-term power purchase agreements.
Summary
Investing in ATLANTICA SUSTAINABLE INFRASTRUCTURE appears to be a good decision, as the company reported strong financial results in their second quarter of FY2023. Total revenue for the quarter was USD 312.1 million, representing a 1.4% increase compared to the same period last year. Net income for the period was an impressive USD 35.6 million, which is a 121.3% increase compared to the same period last year. This data shows a clear upward trend in ATLANTICA SUSTAINABLE INFRASTRUCTURE’s financial performance and suggests that investors should consider taking a position in this company.
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