Since the sector’s nadir on the stock market in early 2016, many US-listed yieldcos have seen their share prices recover substantially, albeit to levels still well below their previous highs.
That share-price recovery has allowed some to begin tapping the capital markets again, so they can buy new projects from their sponsor companies.
“Is the yieldco back? Yes,” Julien Dumoulin-Smith, executive director for electric utilities and IPPs at UBS Investment Research, said Thursday at the AWEA Finance conference in New York.
After
