Sunday, June 26, 2022

Investing in Hannon Armstrong Sustainable Infrastructure Capital Inc. (HASI) Is Getting More Attractive

Hannon Armstrong Sustainable Infrastructure Capital Inc.’s filing revealed that its President and CEO Eckel Jeffrey acquired Company’s shares for reported $99810.0 on May 13. In the deal valued at $37.41 per share,2,668 shares were bought. As a result of this transaction, Eckel Jeffrey now holds 535,507 shares worth roughly $ 19.46 million.


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Then, Lipson Jeffrey bought 3,000 shares, generating $111,540 in total proceeds. Upon buying the shares at $37.18, the Chief Financial Officer now owns 30,737 shares.

Before that, Pangburn Marc T. sold 4,700 shares. Hannon Armstrong Sustainable Infrastructure Capital Inc. shares valued at $203,366 were divested by the EVP and Co-CIO at a price of $43.27 per share. As a result of the transaction, Pangburn Marc T. now holds 50,271 shares, worth roughly $1.83 million.

Following these proceedings, UBS upgraded its Hannon Armstrong Sustainable Infrastructure Capital Inc. [HASI] rating to a Buy from a a Neutral in a research note published on Tuesday, February 15, 2022; the price target was decreased to $50 from $60. PT values the company’s stock at a premium of 27.32 to its Tuesday closing price. A number of analysts have revised their coverage, including Berenberg’s analysts, who began to cover the stock in mid October with a ‘”a Buy”‘ rating. KeyBanc Capital Markets began covering HASI with a “Sector weight” recommendation on September 21, 2021. BofA Securities revised its rating on April 29, 2021. It rated HASI as “an Underperform” which previously was an “a Neutral”.

Price Performance Review of HASI

On Tuesday, Hannon Armstrong Sustainable Infrastructure Capital Inc. [NYSE:HASI] saw its stock jump 2.95% to $36.34. On the same session, the stock had its day’s lowest price of $35.77, but rose to a high of $37.355. Over the last five days, the stock has gained 4.19%. Hannon Armstrong Sustainable Infrastructure Capital Inc. shares have fallen nearly -31.59% since the year began. Nevertheless, the stocks have fallen -32.33% over the past one year. While a 52-week high of $65.74 was reached on 01/04/22, a 52-week low of $33.61 was recorded on 05/12/22. SMA at 50 days reached $39.38, while 200 days put it at $48.72. A total of 0.64 million shares were traded, compared to the trading of 0.59 million shares in the previous session.

Levels Of Support And Resistance For HASI Stock

The 24-hour chart illustrates a support level at 35.62, which if violated will result in even more drops to 34.90. On the upside, there is a resistance level at 37.21. A further resistance level may holdings at 38.07. The Relative Strength Index (RSI) on the 14-day chart is 43.64, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 65.65%. Stochastics %K at 23.81% indicates the stock is a holding.

How much short interest is there in Hannon Armstrong Sustainable Infrastructure Capital Inc.?

A steep rise in short interest was recorded in Hannon Armstrong Sustainable Infrastructure Capital Inc. stocks on Apr 28, 2022, dropping by -0.12 million shares to a total of 7.62 million shares. Yahoo Finance data shows the prior-month short interest on Mar 30, 2022 was 7.74 million shares. There was a decline of -1.57%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 9.02% of the overall stock float, the days-to-cover ratio (short ratio) fell to 9.28.

Hannon Armstrong Sustainable Infrastructure Capital Inc. [HASI] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 7,696,148 shares, or roughly 8.85% of the outstanding HASI shares. In other words, the investor’s shares have risen by 90,802 from its previous 13-F filing of 7605346.0. Additionally, BlackRock Fund Advisors decreased -2.41% of its stake after which the total value it holdings stand at $212,723,168, while Wellington Management Co. LLP added 18.43% of its stake to hold $199.67 million in the firm. Over the last quarter, T. Rowe Price Associates, Inc. purchased 112,868 shares of Hannon Armstrong Sustainable Infrastructure Capital Inc., while Swedbank Robur Fonder AB bought 38,000 shares. At present, Impax Asset Management Ltd. is holding 2,423,910 shares valued at $92.28 million. Van Eck Associates Corp. owned 1,707,610 shares of the company at the time of its most recent 13F filing, worth $65.01 million.

According to FactSet, Hannon Armstrong Sustainable Infrastructure Capital Inc.’s share price will average $56.44 in the next year, based on opinions of analysts polled by the firm. This is up nearly 55.81 percent from its previous closing price of $35.30. Analysts expect Hannon Armstrong Sustainable Infrastructure Capital Inc. stock to reach the higher price of $70.00, while the lowest price estimate is $35.00. However, 10 analysts have rated HASI stock as an Overweight in their predictions for 2022. The most recent change occurred on November 12, 2020 when B. Riley Securities resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $56.

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