Hannon Armstrong Sustnbl Infrstr Cap (HASI) Raised to “Buy” at ValuEngine

ValuEngine upgraded shares of Hannon Armstrong Sustnbl Infrstr Cap (NYSE:HASI) from a hold rating to a buy rating in a research report report published on Wednesday.

HASI has been the subject of several other research reports. TheStreet upgraded shares of Hannon Armstrong Sustnbl Infrstr Cap from a c rating to a b rating in a research report on Wednesday, October 31st. Cowen reiterated a buy rating and set a $27.00 price target on shares of Hannon Armstrong Sustnbl Infrstr Cap in a research report on Friday, November 9th. Zacks Investment Research raised shares of Hannon Armstrong Sustnbl Infrstr Cap from a hold rating to a buy rating and set a $25.00 price objective on the stock in a research note on Thursday, November 8th. B. Riley set a $26.00 price objective on shares of Hannon Armstrong Sustnbl Infrstr Cap and gave the stock a buy rating in a research note on Friday, November 2nd. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Hannon Armstrong Sustnbl Infrstr Cap from $23.00 to $24.00 and gave the stock a buy rating in a research note on Friday, November 2nd. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $24.71.

HASI opened at $22.75 on Wednesday. The company has a quick ratio of 33.99, a current ratio of 33.99 and a debt-to-equity ratio of 2.37. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of 21.67, a P/E/G ratio of 3.12 and a beta of 0.88. Hannon Armstrong Sustnbl Infrstr Cap has a 1-year low of $17.33 and a 1-year high of $24.48.

In other Hannon Armstrong Sustnbl Infrstr Cap news, EVP Daniel K. Mcmahon sold 20,000 shares of Hannon Armstrong Sustnbl Infrstr Cap stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $22.84, for a total value of $456,800.00. Following the transaction, the executive vice president now owns 287,571 shares of the company’s stock, valued at $6,568,121.64. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Richard J. Osborne purchased 2,500 shares of the business’s stock in a transaction on Friday, November 9th. The stock was bought at an average cost of $22.87 per share, for a total transaction of $57,175.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 6,879 shares of company stock worth $159,432 in the last three months. 5.30% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in HASI. Jane Street Group LLC bought a new position in Hannon Armstrong Sustnbl Infrstr Cap in the second quarter valued at approximately $199,000. CIBC World Markets Inc. bought a new position in Hannon Armstrong Sustnbl Infrstr Cap in the third quarter valued at approximately $208,000. BSW Wealth Partners bought a new position in Hannon Armstrong Sustnbl Infrstr Cap in the second quarter valued at approximately $213,000. Aperio Group LLC bought a new position in Hannon Armstrong Sustnbl Infrstr Cap in the second quarter valued at approximately $238,000. Finally, Private Advisor Group LLC bought a new position in Hannon Armstrong Sustnbl Infrstr Cap in the third quarter valued at approximately $265,000. 71.29% of the stock is currently owned by hedge funds and other institutional investors.

About Hannon Armstrong Sustnbl Infrstr Cap

Hannon Armstrong Sustainable Infrastructure Capital, Inc provides capital and services to the energy efficiency, renewable energy, and other sustainable infrastructure markets in the United States. The company's projects include energy efficiency projects that reduce a building's or facility's energy usage or cost through enhancing or installing various building components, including heating, ventilation, and air conditioning systems, as well as lighting, energy controls, roofs, windows, building shells, and/or combined heat and power systems.

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Analyst Recommendations for Hannon Armstrong Sustnbl Infrstr Cap (NYSE:HASI)

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