HA Sustainable Infrastructure Capital Inc. (HASI): A Technical Analysis

HA Sustainable Infrastructure Capital Inc. (NYSE: HASI) has a higher price-to-earnings ratio of 14.42x compared to its average ratio. HASI has 36-month beta value of 1.98. Analysts have mixed views on the stock, with 3 analysts rating it as a “buy,” 2 as “overweight,” 1 as “hold,” and 0 as “sell.”

The public float for HASI is 113.95M, and currently, short sellers hold a 11.75% ratio of that float. The average trading volume of HASI on August 20, 2024 was 1.10M shares.

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HASI) stock’s latest price update

HA Sustainable Infrastructure Capital Inc. (NYSE: HASI)’s stock price has dropped by -3.43 in relation to previous closing price of 32.10. Nevertheless, the company has seen a loss of -0.42% in its stock price over the last five trading days. seekingalpha.com reported 2024-08-17 that “May you live in interesting times” is more of a curse than a well-wish, and interesting times these are. Inflation: Real-time data shows CPI overshooting real inflation, impacting monetary policy as well as investor decisions. Rate cuts: Expected cuts in FFR amid weak economy, potential recession, and impact on BDC investments.

HASI’s Market Performance

HA Sustainable Infrastructure Capital Inc. (HASI) has experienced a -0.42% fall in stock performance for the past week, with a -2.43% drop in the past month, and a -2.37% drop in the past quarter. The volatility ratio for the week is 2.83%, and the volatility levels for the past 30 days are at 3.61% for HASI. The simple moving average for the last 20 days is -1.71% for HASI’s stock, with a simple moving average of 13.61% for the last 200 days.

Analysts’ Opinion of HASI

Many brokerage firms have already submitted their reports for HASI stocks, with Goldman repeating the rating for HASI by listing it as a “Neutral.” The predicted price for HASI in the upcoming period, according to Goldman is $26 based on the research report published on November 28, 2023 of the previous year 2023.

Mizuho, on the other hand, stated in their research note that they expect to see HASI reach a price target of $30. The rating they have provided for HASI stocks is “Buy” according to the report published on November 21st, 2023.

Exane BNP Paribas gave a rating of “Outperform” to HASI, setting the target price at $29 in the report published on October 20th of the previous year.

HASI Trading at -0.12% 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 -8.83% of loss for the given period.

Volatility was left at 3.61%, however, over the last 30 days, the volatility rate increased by 2.83%, as shares sank -3.16% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.10% lower at present.

During the last 5 trading sessions, HASI rose by +0.29%, which changed the moving average for the period of 200-days by +76.68% in comparison to the 20-day moving average, which settled at $31.49. In addition, HA Sustainable Infrastructure Capital Inc. saw 12.39% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at HASI starting from Armbrister Clarence D, who purchase 420 shares at the price of $23.99 back on Nov 20 ’23. After this action, Armbrister Clarence D now owns 420 shares of HA Sustainable Infrastructure Capital Inc., valued at $10,076 using the latest closing price.

Eckel Jeffrey, the Executive Chair of HA Sustainable Infrastructure Capital Inc., purchase 2,525 shares at $19.76 during a trade that took place back on Aug 21 ’23, which means that Eckel Jeffrey is holding 19,162 shares at $49,894 based on the most recent closing price.

Stock Fundamentals for HASI

Current profitability levels for the company are sitting at:

  • 0.74 for the present operating margin
  • 0.86 for the gross margin

The net margin for HA Sustainable Infrastructure Capital Inc. stands at 0.69. The total capital return value is set at 0.04. Equity return is now at value 12.31, with 4.31 for asset returns.

Based on HA Sustainable Infrastructure Capital Inc. (HASI), the company’s capital structure generated 0.64 points at debt to capital in total, while cash flow to debt ratio is standing at 0.01. The debt to equity ratio resting at 1.81. The interest coverage ratio of the stock is 1.29.

Currently, EBITDA for the company is 224.24 million with net debt to EBITDA at 13.98. When we switch over and look at the enterprise to sales, we see a ratio of 20.08. The receivables turnover for the company is 0.12for trailing twelve months and the total asset turnover is 0.06.

Conclusion

To put it simply, HA Sustainable Infrastructure Capital Inc. (HASI) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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