Robert Kad, an analyst from Morgan Stanley, maintained the Buy rating on HASI (HASI – Research Report). The associated price target remains the same with $40.00.
Robert Kad has given his Buy rating due to a combination of factors that highlight the potential growth and stability of HASI. Despite a slight shortfall in the adjusted distributable EPS compared to consensus expectations, the overall financial performance of HASI remains robust, with key metrics largely unchanged. This stability is indicative of the company’s resilience and ability to maintain its strategic direction.
Additionally, the reiterated payout ratio and projected EPS for 2027 suggest a strong future outlook, providing confidence in sustained returns for investors. The company’s position within the midstream and renewable energy infrastructure sector further supports its potential for growth, as these sectors are poised for expansion. These factors collectively contribute to Robert Kad’s positive assessment and Buy rating for HASI.
According to TipRanks, Kad is a 4-star analyst with an average return of 9.5% and a 64.67% success rate. Kad covers the Energy sector, focusing on stocks such as Williams Co, Plains All American, and Oneok.
In another report released on April 25, Bank of America Securities also maintained a Buy rating on the stock with a $39.00 price target.