Hannon Armstrong Sustainable Infrastructure Capital Inc. (NYSE: HASI)’s stock price has plunge by 1.55relation to previous closing price of 24.54. Nevertheless, the company has seen a 2.47% surge in its stock price over the last five trading sessions. Seeking Alpha reported 2023-09-11 that Hannon Armstrong is a unique REIT which specializes in renewable energy infrastructure projects. The company can provide a steady growth and a nice 6.5% dividend yield. I present my bullish analysis on the stock.
Is It Worth Investing in Hannon Armstrong Sustainable Infrastructure Capital Inc. (NYSE: HASI) Right Now?
Hannon Armstrong Sustainable Infrastructure Capital Inc. (NYSE: HASI) has a price-to-earnings ratio that is above its average at 45.31x. and a 36-month beta value of 1.69. Opinions on the stock are mixed, with 6 analysts rating it as a “buy,” 1 as “overweight,” 3 as “hold,” and 0 as “sell.”
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The average price predicted for Hannon Armstrong Sustainable Infrastructure Capital Inc. (HASI) by analysts is $38.44, which is $13.52 above the current market price. The public float for HASI is 104.49M, and at present, short sellers hold a 11.00% of that float. On September 18, 2023, the average trading volume of HASI was 1.34M shares.
HASI’s Market Performance
HASI stock saw an increase of 2.47% in the past week, with a monthly gain of 7.41% and a quarterly increase of -12.28%. The volatility ratio for the week is 3.68%, and the volatility levels for the last 30 days are 4.94% for Hannon Armstrong Sustainable Infrastructure Capital Inc. (HASI). The simple moving average for the last 20 days is 11.35% for HASI stock, with a simple moving average of -10.86% for the last 200 days.
Analysts’ Opinion of HASI
Many brokerage firms have already submitted their reports for HASI stocks, with Citigroup repeating the rating for HASI by listing it as a “Neutral.” The predicted price for HASI in the upcoming period, according to Citigroup is $24 based on the research report published on August 18, 2023 of the current year 2023.
HASI Trading at 3.06% from the 50-Day Moving Average
After a stumble in the market that brought HASI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -37.18% of loss for the given period.
Volatility was left at 4.94%, however, over the last 30 days, the volatility rate increased by 3.68%, as shares surge +23.55% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.96% upper at present.
During the last 5 trading sessions, HASI rose by +2.47%, which changed the moving average for the period of 200-days by -17.54% in comparison to the 20-day moving average, which settled at $22.62. In addition, Hannon Armstrong Sustainable Infrastructure Capital Inc. saw -14.01% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at HASI starting from Pangburn Marc T., who purchase 5,000 shares at the price of $21.09 back on Aug 21. After this action, Pangburn Marc T. now owns 53,291 shares of Hannon Armstrong Sustainable Infrastructure Capital Inc., valued at $105,450 using the latest closing price.
Lipson Jeffrey, the Chief Executive Officer of Hannon Armstrong Sustainable Infrastructure Capital Inc., purchase 4,000 shares at $21.09 during a trade that took place back on Aug 21, which means that Lipson Jeffrey is holding 36,925 shares at $84,360 based on the most recent closing price.
Stock Fundamentals for HASI
Current profitability levels for the company are sitting at:
- +55.71 for the present operating margin
- +100.00 for the gross margin
The net margin for Hannon Armstrong Sustainable Infrastructure Capital Inc. stands at +17.02. The total capital return value is set at 3.08, while invested capital returns managed to touch 0.96. Equity return is now at value 3.00, with 1.00 for asset returns.
Based on Hannon Armstrong Sustainable Infrastructure Capital Inc. (HASI), the company’s capital structure generated 181.88 points at debt to equity in total, while total debt to capital is 64.52. Total debt to assets is 62.25, with long-term debt to equity ratio resting at 179.24. Finally, the long-term debt to capital ratio is 63.59.
When we switch over and look at the enterprise to sales, we see a ratio of 20.85, with the company’s debt to enterprise value settled at 0.54. The receivables turnover for the company is 0.12 and the total asset turnover is 0.05.
Conclusion
To sum up, Hannon Armstrong Sustainable Infrastructure Capital Inc. (HASI) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
