Mizuho analyst Maheep Mandloi initiated coverage of HASI with a Buy rating and $30 price target. The analyst says HASI is one of the largest renewable asset managers in the U.S. with a focus on multiple subsectors. The Buy rating is based on company’s “strong diversified portfolio” in the growing renewable market, low execution risk and locked-in interest rates for its existing portfolio implying a higher return on equity, the analyst tells investors in a research note.
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Read More on HASI:
- HASI sees annual distributable EPS CAGR 10%-13% from 2021-2024
- Hannon Armstrong reports Q3 distributable EPS 62c, consensus 53c
- Hannon Armstrong options imply 7.1% move in share price post-earnings
- HASI price target lowered to $36 from $50 at B. Riley
- HASI initiated with an Outperform at Exane BNP Paribas