Efficient Capital Deployment Leads to Bullish Sentiment Towards HA Sustainable Infrastructure Capital (HASI)

HA Sustainable Infrastructure Capital (NYSE:HASI) is one of the best financial pure plays under $100 according to hedge funds.

On December 16, HA Sustainable Infrastructure Capital (NYSE:HASI) announced a $500 million additional capital commitment towards CarbonCount Holdings 1 (CCH1), a co-investment vehicle that was set up in partnership with KKR & Co. As part of this announcement, KKR & Co will also add $500 million to the investment capacity of this vehicle, which injects capital into sustainable infrastructure projects within the U.S.

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HASI Chief Revenue and Strategy Officer Marc Pangburn said:

“CCH1 enables us to efficiently deploy capital into sustainable infrastructure projects that support the energy transition and address the country’s rising power demand. Alongside KKR, we are pleased to further scale CCH1 to deliver long-term value for our clients and stakeholders.”

The stock has a consensus 1-year average price target of $40.27, implying a 26% upside from the current level. As of December 30 closing, the forecasts remain strong for HA Sustainable Infrastructure Capital (NYSE:HASI). The stock has been covered by 13 analysts, with 11 assigning Buy ratings and 2 giving Hold calls.

On December 23, Mizuho Securities reaffirmed its bullish stance on HA Sustainable Infrastructure Capital (NYSE:HASI). The firm assigned a Buy rating to the stock with a target price of $34, implying single-digit upside of nearly 6.5%.

HA Sustainable Infrastructure Capital (NYSE:HASI) invests in sustainable infrastructure assets and has approximately $15 billion in assets under management (AUM). Focused on energy transition, they have invested across diverse classes such as onshore wind, distributed solar, utility-scale solar and RNG.

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Disclosure: None. This article is originally published at Insider Monkey.