HASI price target raised to $36 from $33 at UBS

UBS analyst Jon Windham raised the firm’s price target on HASI to $36 from $33 and keeps a Buy rating on the shares. The firm says in a research note on Friday that HASI is well positioned to benefit from increasing demand for clean energy infrastructure. This demand has remained resilient in the face of higher interest rates due to an acceleration of U.S. electricity demand, in UBS’s view. Electricity demand growth combined with increasing renewable penetration increases the total market for the clean energy infrastructure in which HASI invests. The firm believes HASI offers attractive, relatively lower earnings volatility exposure to the broader energy transition investment trends.