HASI price target raised to $38 from $33 at Goldman Sachs

Goldman Sachs raised the firm’s price target on HASI (HASI) to $38 from $33 and keeps a Neutral rating on the shares. HASI’s Q4 adjusted EPS slightly exceeded expectations, and the company raised its 2025-2028 adjusted EPS compound annual growth rate guidance to 10%, the analyst tells investors in a research note. Accelerated payout ratio reductions and diversified funding are expected to lift adjusted return on equity above 17% by 2028, while $4.3B in annual transactions, including the $1.2B SunZia project, highlights strong growth in project activity, the firm says.