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Buy Rating Affirmed for HASI on Strong Portfolio and Positive Financial Prospects – TipRanks Financial Blog


HASI (HASIResearch Report), the Real Estate sector company, was revisited by a Wall Street analyst yesterday. Analyst Jeff Osborne from TD Cowen maintained a Buy rating on the stock and has a $35.00 price target.

Jeff Osborne has given his Buy rating due to a combination of factors surrounding the financial health and future prospects of HASI. Osborne highlights the strength in the company’s portfolio balance and operational efficiency, which has led to an increase in distributable EPS estimates while maintaining a solid dividend projection. The attractiveness of the dividend yield, which sits at over 6%, is also a key factor in maintaining the Outperform rating. Osborne takes note of the company’s effective management of its growing portfolio and the leverage it gains from operational expenses relative to its revenue.

Furthermore, Osborne’s rating is influenced by HASI’s strategic investments and financial maneuvers. The company’s recent funding activities have bolstered its balance sheet, and investments within the equity method have increased, particularly through partnerships with substantial renewable energy portfolios. The consistent portfolio yield and the anticipation of higher investment yields from recent transactions signal positive revenue and EPS growth potential. Additionally, Osborne acknowledges the company’s liquidity, which positions it well for upcoming transactions and the expectation of a stable spread between the cost of debt and portfolio yield, despite a slight increase in debt costs. All these elements contribute to a positive outlook for HASI, justifying the Buy rating.

According to TipRanks, Osborne is a 3-star analyst with an average return of 1.4% and a 42.74% success rate. Osborne covers the Technology sector, focusing on stocks such as Cerence, Itron, and SunPower.

In another report released on February 16, Oppenheimer also maintained a Buy rating on the stock with a $48.00 price target.

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HASI (HASI) Company Description:

Hannon Armstrong Sustainable Infrastructure Capital, Inc. engages in focusing on solutions that reduce carbon emissions and increase resilience to climate change by providing capital and specialized expertise to companies in the energy efficiency, renewable energy and other sustainable infrastructure markets. The company was founded on November 7, 2012 and is headquartered in Annapolis, MD.

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