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Energy sector, long position. Atlantica Yield (previously Abengoa Yield) holds a diversified portfolio in renewable energy assets. Stock has performed steadily in past 3 years, but our bullish outlook on renewable energy suggests that stock price will rise in the long-run.
We´ve seleced Abengoa(Atlantica) Yield as a part of our energy picks. It manages a well diversified portfolio of assets, including renewable energy, transmission lines and natural gas. The company has recently joined forces with Algonquin Power & utilities, and this will certainly drive growth & dividend increases in the upcoming years. The company´s cash flow comes from contracts averaging over 19 years, and this provides a some protection against economic downturn. In addition, the company´s Q4 of 2018 results were really positive.