.png "Hannon Armstrong (NYSE: HASI)")
In a report released today, Noah Kaye from Oppenheimer maintained a Buy rating on Hannon Armstrong (NYSE: HASI), with a price target of $25. The company’s shares closed yesterday at $19.65.
Kaye commented:
“HASI reported 1Q18 core EPS below consensus while reiterating FY18 outlook for 2-6% core EPS growth and guiding to 2-6% CAGR through FY20. On-balance sheet originations were relatively light in 1Q, as management pointed to tax law changes delaying close of wind and solar transactions; we believe that digestion period is unwinding, and look for originations to rebound in 2Q. Incorporating management’s commentary on potential for core EPS growth to outpace dividend trajectory, we are trimming our FY19 and out-year DPS estimates. That said, we see HASI continuing to benefit from a differentiated business model and a diversified portfolio/pipeline across asset classes, and maintain our Outperform rating.”
According to TipRanks.com, Kaye is a 4-star analyst with an average return of 4.8% and a 49.1% success rate. Kaye covers the Industrial Goods sector, focusing on stocks such as BorgWarner, Cummins, and EnerSys.
Hannon Armstrong has an analyst consensus of Strong Buy, with a price target consensus of $24.67.
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The company has a one-year high of $25.28 and a one-year low of $17.33. Currently, Hannon Armstrong has an average volume of 410.9K.
Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of HASI in relation to earlier this year.
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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.
