BofA Securities Starts Hannon Armstrong (HASI) at Buy

BofA Securities analyst Dimple Gosal initiates coverage on Hannon Armstrong (NYSE: HASI) with a Buy rating and a price target of $40.00.

The analyst comments "We reinstate coverage on HA Sustainable Infrastructure Capital (HASI) with a Buy rating and a $40 price objective, implying 38% potential upside. HASI partners with top developers to finance decarbonization projects in solar, wind, storage, energy efficiency and RNG. Its $5.5B pipeline – which has more than doubled since 2020 – highlights strong growth visibility with ~40% converting to transactions, ~80% of which is recurring revenue via the balance sheet. In our view, HASI has carved out a defensible competitive niche, and we see the stock as a defensive play against policy risks and market volatility."

For an analyst ratings summary and ratings history on Hannon Armstrong click here. For more ratings news on Hannon Armstrong click here.

Shares of Hannon Armstrong closed at $29.01 yesterday.

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