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Cowen & Co. Sticks to Their Buy Rating for Hannon Armstrong (HASI)


In a report issued on November 5, Jeff Osborne from Cowen & Co. maintained a Buy rating on Hannon Armstrong (HASI), with a price target of $27. The company’s shares closed yesterday at $23.05.

According to TipRanks.com, Osborne ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -3.9% and a 38.6% success rate. Osborne covers the Industrial Goods sector, focusing on stocks such as Ballard Power Systems, TPI Composites Inc, and Fuelcell Energy.

Currently, the analyst consensus on Hannon Armstrong is a Strong Buy with an average price target of $25.33, implying a 9.9% upside from current levels. In a report issued on November 2, J.P. Morgan also maintained a Buy rating on the stock with a $24 price target.

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Based on Hannon Armstrong’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $16.27 million. In comparison, last year the company had a net profit of $7.53 million.

Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Hannon Armstrong Sustainable Infrastructure Capital, Inc. engages in the provision of capital and services focuses on reducing climate changing greenhouse gas emissions. It involves in the energy efficiency, renewable energy, and other sustainable infrastructure markets. The company was founded on November 7, 2012 and is headquartered in Annapolis, MD.