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Abengoa Yield (ABY) in Focus: Stock Moves 5.8% Higher

Abengoa Yield plc ( ABY ) was a big mover last session, as the company saw its shares rise nearly 6% on the day. The upside came on rumors that the company is close to a deal with creditor banks on its planned 650 million euro ($725 million) capital raise which led to more shares changing hands than in a normal session. This reverses the recent trend for the company - as the stock is now down almost 20% since Aug 28.

The company has seen no estimate revision over the past 30 days, while the Zacks Consensus Estimate remained unchanged. Yesterday's price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Abengoa currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.

A better-ranked stock in the same space is Brookfield Infrastructure Partners L.P. ( BIP ) sporting a Zacks Rank #1 (Strong Buy).

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ABENGOA YIELD (ABY): Free Stock Analysis Report

BROOKFIELD INFR (BIP): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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