Wells Fargo initiated coverage of HASI (HASI) with an Overweight rating and $33 price target HASI offers investors a “low risk way to invest in the volatile renewable sector,” the analyst tells investors in a research note. The firm expects the stock’s relative valuation to expand, driven by above average earnings growth. Wells believes HASI has a low risk business model and offers investors a “compelling way to invest in energy transition at reasonable valuations.”
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Read More on HASI:
- Buy Rating for HASI: Strong Financial Performance, Strategic Positioning, and Robust Project Pipeline
- HASI Earnings Call Highlights Strong Growth and Strategic Moves
- Corporate Governance Barriers at HASI: Implications for Mergers and Market Valuation
- HASI’s Strong Growth Potential and Strategic Expansion Reinforce Buy Rating
- HASI Reports Strong 2024 Financial Performance and Growth
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