Morgan Stanley analyst Stephen Byrd maintained a Hold rating on Hannon Armstrong (HASI – Research Report) today and set a price target of $55.00. The company’s shares closed last Friday at $38.12, close to its 52-week low of $33.61.
According to TipRanks.com, Byrd is a 5-star analyst with an average return of 10.4% and a 58.2% success rate. Byrd covers the Utilities sector, focusing on stocks such as Constellation Energy Corporation, American Electric Power, and Nextera Energy Partners.
Hannon Armstrong has an analyst consensus of Strong Buy, with a price target consensus of $59.00.
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Hannon Armstrong’s market cap is currently $3.31B and has a P/E ratio of 27.18.
Based on the recent corporate insider activity of 18 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 focusing on solutions that reduce carbon emissions and increase resilience to climate change by providing capital and specialized expertise to companies 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.
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