Why Atlantica Sustainable Infrastructure Stock Surged 14% in October

Shares of Atlantica Sustainable Infrastructure (NASDAQ: AY) jumped by 14% in October, according to data provided by S&P Global Market Intelligence. The main driver was a favorable report from a new analyst following the company. 

An analyst at JonesTrading initiated coverage on Atlantica Sustainable Infrastructure in October, giving the company a buy rating and setting a $46 price target on the stock. Even after last month's rally, that price target implies the stock has more than 15% of upside from its Tuesday closing price.

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Source Fool.com