HASI (HASI – Research Report), the Real Estate sector company, was revisited by a Wall Street analyst yesterday. Analyst Praneeth Satish from Wells Fargo maintained a Buy rating on the stock and has a $33.00 price target.
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Praneeth Satish has given his Buy rating due to a combination of factors including HASI’s reaffirmed guidance for earnings per share (EPS) and dividends through 2027, which aligns closely with consensus estimates. Despite broader industry uncertainties, particularly concerning the Inflation Reduction Act (IRA) and tariffs, HASI remains relatively insulated from these risks, which contributes to the confidence in its future performance.
Additionally, the company’s strategic leverage plan involving its joint venture with CCH1 is expected to optimize its capital structure, reducing the need for additional equity issuance. Although there is some uncertainty regarding potential disruptions from IRA changes, the company’s robust pipeline and stable financial guidance support the Buy rating. The price target remains unchanged, reflecting a balanced view of the company’s strengths and the external challenges it faces.
In another report released on May 11, TD Cowen also maintained a Buy rating on the stock with a $40.00 price target.
HASI’s price has also changed slightly for the past six months – from $26.900 to $26.560, which is a -1.26% drop .
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