BofA Maintains Buy Rating on HA Sustainable Infrastructure (HASI), Keeps $39 PT

On May 8, BofA Securities analyst Dimple Gosai reiterated a $39 price target on HA Sustainable Infrastructure Capital Inc (NYSE:HASI) and maintained a Buy rating, following the company’s Q1 2025 results.

The improved sentiment is based on the expectations of a stronger second quarter of 2025, driven by the company’s improved pipeline.

BofA Raised the Price Target on HA Sustainable Infrastructure (HASI) Anticipating Stronger Q2 2025

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The company released its Q1 2025 results on May 7. It delivered a total revenue of $97 million, down 8% year-over-year. Management attributed the decline to a $10 million decrease in gain on sale income and higher than normal sale income a year ago.

Notably, HA Sustainable Infrastructure Capital Inc (NYSE:HASI) closed more than $700 million in transactions during the quarter, marking record transactions for the first quarter. Analyst Gosal highlighted the company’s pipeline, which stood at more than $5.5 billion at the end of the first quarter. Gosal believes this strong pipeline will help the company deliver a stronger second quarter.

HA Sustainable Infrastructure Capital Inc (NYSE:HASI) is an investment company that is focused on investing in infrastructure projects that support energy transition.

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