The Hannon Armstrong Sustainable Infrastructure Capital Inc. (HASI) shares are trading at higher $33.41 and the avg recommendation for the stock is Strong Buy. while the current analyst price target stands at $36.00.
To add more color to this target, the company’s high over the last year is $39.91 and the low is $15.01. Over the last 52 weeks, HASI is down -16.29% while the S&P 500 is up 0.92%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, HASI reported a profit of $27.88 million. Hannon Armstrong Sustainable Infrastructure Capital Inc. also saw revenues increase to $40.83 million. In addition, HASI has free cash flow of $11.65 million as of 03-2020. The company’s EBITDA came in at $30.87 million which compares well with its peers.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. HASI has a short ratio of 10.09 and outstanding shares of 72.47M.
HASI has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.61 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 1.34. Investors should also keep an eye on sector updates as HASI has historically followed its peers on positive news.
All told, Hannon Armstrong Sustainable Infrastructure Capital Inc. HASI has strung together solid data and demonstrated underlying fundamentals. At its current valuation, HASI represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Hannon Armstrong Sustainable Infrastructure Capital Inc. HASI is now commanding a market cap of 2.43B and a float of 70.85M. HASI is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of HASI stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in HASI, either long or short, and we have not been compensated for this article.