BUY AY @ $30.21

Buying AY @ $30.21

2% position

AY is another renewable power producer, just like BEPC that I just sold. It is down today while the other players in the field are up. That's enough reason to buy today. 

Atlantica Yield started out its life as Abengoa Yield. Abengoa is a major construction company that got assets by being a builder. Rather than build and sell the assets, they put them into this YieldCo. At some point Abengoa exited their ownership and the name was changed. 

This is a more global player than BEPC. That's good new for diversification.

Like I said in the sale of BEPC, I've been 25% long this sector as recently as 18 months ago. It's a favorite for sure and the time will come to push the chips back into it. For now, I'll settle for always striving to have at least a small position.