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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