Jeff Osborne, an analyst from TD Cowen, maintained the Buy rating on HASI (HASI – Research Report). The associated price target remains the same with $40.00.
Jeff Osborne has given his Buy rating due to a combination of factors that highlight HASI’s strong position in the market. The company’s business model is adaptable, allowing it to adjust return expectations on new investments according to current market conditions, which has contributed to the stability of its shares. Additionally, the management’s optimistic outlook on the increasing power demand and their commitment to maintaining EPS guidance through 2027 further supports this positive rating.
Another factor influencing the Buy rating is the attractive dividend yield of 7%, which makes the stock appealing to investors seeking income. The anticipated growth in adjusted net investment, particularly through expanding CCH1 investments, is expected to drive a solid quarter. With a projected adjusted EPS of $0.64 for 1Q25, in line with consensus, and a 15% year-over-year growth in adjusted net investment income, the company is well-positioned for future success. The management’s confidence in maintaining an EPS CAGR of 8-10% from 2024 to 2027 also reinforces the Buy recommendation.
Osborne covers the Technology sector, focusing on stocks such as Enphase Energy, First Solar, and Itron. According to TipRanks, Osborne has an average return of -2.1% and a 37.37% success rate on recommended stocks.
In another report released on April 14, Jefferies also maintained a Buy rating on the stock with a $33.00 price target.