Another Recommendation On Wall Street for Hannon Armstrong Sust. Infr (NYSE:HASI). This time with a $24 Share Target Price


Why Has FBR Capital Given Hannon Armstrong Sust. Infr (NYSE:HASI) a $24 Price Target

Research analysts at FBR Capital has issued a key “Outperform” rating for Hannon Armstrong Sust. Infr (NYSE:HASI). The firm began coverage in a very recent research note issued to clients and investors on Friday, 18 December. The target PPS gives upside of 32.23% from the current stock price.

The stock decreased 0.49% or $0.09 during the last trading session, striking $18.15. Approximately shares of stock traded hands. Hannon Armstrong Sustnbl Infrstr Cap Inc (NYSE:HASI) has declined 10.68% since May 15, 2015 and is downtrending. It has underperformed by 6.87% the S&P500.

The overall sentiment of institutions has decreased to 1.57 in Q2 2015. Its down 0.43, from 2 in 2015Q2. The ratio is negative, as 6 institutions have sold all the shares of Hannon Armstrong Sustnbl Infrstr Cap Inc that they owned while 29 funds have taken shares off the table. 16 funds have purchased shares for the first time while 39 added to their positions. These institutions now hold 29.16 million shares or 46.23% more than the 19.94 million shares they owned in 2015Q2.

The Fund Ardsley Advisory Partners currently is holding shares equating to 5.19% of its total portfolio in Hannon Armstrong Sustnbl Infrstr Cap Inc representing a total of 1.24 million shares. Another fund,Lorem Ipsum Management Llc, is holding a total of 570,000 shares equating to 4.48% of their holdings. Additionally, Neumeier Poma Investment Counsel Llc has a 1.21 million share stake in Hannon Armstrong Sustnbl Infrstr Cap Inc which represents 3.94% of their total portfolio. The Fund, Gilman Hill Asset Management Llc, based out of Connecticut, has also built up a stake in the stock, which represents a total of 2.89% of their total portfolio. Finally Aristotle Capital Boston Llc, a fund which is based in the state of Massachusetts reported a total holdings of 386,940 shares.

Hannon Armstrong Sustainable Infrastructure Capital, Inc. provides debt and equity financing to the energy efficiency and renewable energy markets. The company has a market cap of $697.27 million. The Firm focuses its investment activities primarily on energy efficiency projects, renewable energy projects and other sustainable infrastructure projects. It has 86.15 P/E ratio. Energy Efficiency Projects includes projects undertaken by energy services companies , which reduce a building’s or facility’s energy usage or cost through the design and installation of various building components, including heating, ventilation and air conditioning systems (HVAC systems), lighting, energy controls, roofs, windows and/or building shells.

According to Zacks Investment Research, “Hannon Armstrong Sustainable Infrastructure Capital, Inc. is a real estate investment trust. The Company provides debt and equity financing for infrastructure projects. Its infrastructure projects include Energy Efficiency Projects, Clean Energy Projects and Other Sustainable Infrastructure Projects. The company serves federal, state and local governments, commercial, utility, and industrial markets. Hannon Armstrong Sustainable Infrastructure Capital, Inc. is based in Annapolis, Maryland.”