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Goldman gives a Neutral recommendation for Hannon Armstrong Sustainable Infrastructure capital Inc (HASI)

Hannon Armstrong Sustainable Infrastructure capital Inc’s recently made public that its Director Armbrister Clarence D acquired Company’s shares for reported $10076.0 on Nov 20 ’23. In the deal valued at $23.99 per share,420 shares were bought. As a result of this transaction, Armbrister Clarence D now holds 420 shares worth roughly $10420.199999999999.

Then, Pangburn Marc T. bought 5,000 shares, generating $105,450 in total proceeds. Upon buying the shares at $21.09, the Chief Financial Officer now owns 53,291 shares.

Before that, Lipson Jeffrey bought 4,000 shares. Hannon Armstrong Sustainable Infrastructure capital Inc shares valued at $84,360 were divested by the Chief Executive Officer at a price of $21.09 per share. As a result of the transaction, Lipson Jeffrey now holds 36,925 shares, worth roughly $0.92 million.

Goldman initiated its Hannon Armstrong Sustainable Infrastructure capital Inc [HASI] rating to a Neutral in a research note published on November 28, 2023; the price target was $26. A number of analysts have revised their coverage, including Mizuho’s analysts, who began to cover the stock in late November with a ‘”a Buy”‘ rating. Exane BNP Paribas began covering HASI with “an Outperform” recommendation on October 20, 2023. Morgan Stanley revised its rating on October 17, 2023. It rated HASI as “an Overweight” which previously was an “an Equal-weight”.

Price Performance Review of HASI

On Monday, Hannon Armstrong Sustainable Infrastructure capital Inc [NYSE:HASI] saw its stock fall -3.24% to $24.81. Over the last five days, the stock has lost -10.63%. Hannon Armstrong Sustainable Infrastructure capital Inc shares have fallen nearly -10.04% since the year began. Nevertheless, the stocks have fallen -13.10% over the past one year. While a 52-week high of $29.88 was reached on 03/28/24, a 52-week low of $13.22 was recorded on 01/19/24. SMA at 50 days reached $25.66, while 200 days put it at $23.78. A total of 0.56 million shares were traded, compared to the trading of 0.71 million shares in the previous session.

Levels Of Support And Resistance For HASI Stock

The 24-hour chart illustrates a support level at 24.37, which if violated will result in even more drops to 23.92. On the upside, there is a resistance level at 25.60. A further resistance level may holdings at 26.38. The Relative Strength Index (RSI) on the 14-day chart is 40.25, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.40, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.44%. Stochastics %K at 10.09% indicates the stock is a buying.

The most recent change occurred on August 18, 2023 when Citigroup began covering the stock and recommended ‘”a Neutral”‘ rating along with a $24 price target.

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