HASI (HASI) has disclosed a new risk, in the Share Price & Shareholder Rights category.
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The charter and bylaws of HASI, along with the provisions under Delaware law, present significant obstacles to acquisition bids or merger proposals, potentially affecting the market price of its common stock. These provisions make it challenging for stockholders to elect directors not endorsed by the current Board and limit their ability to initiate corporate changes or management shifts. Restrictions such as the need for a two-thirds majority to remove Board members or amend governing documents, along with the Board’s exclusive right to fill vacancies and issue preferred stock, collectively serve as deterrents to potential changes in control. Consequently, these corporate governance mechanisms may deter prospective acquirers, impacting investor perceptions and the stock’s market valuation.
The average HASI stock price target is $37.38, implying 33.40% upside potential.
To learn more about HASI’s risk factors, click here.
