HASI initiated with a Buy at Jefferies

Jefferies initiated coverage of HASI with a Buy rating and $39 price target. The firm says that after years of transition, it sees “refreshed” earnings growth for HASI given its pivot to a full C-Corp and “litany of opportunities” across a wide array of renewable energy platforms. With peer group earnings expected to decline and HASI trading inline with peers, Jefferies believes the shares offer “clear value.”