HASI (HASI) has disclosed a new risk, in the Accounting & Financial Operations category.
HASI faces a significant business risk concerning the utilization of its substantial federal NOL carryforwards, which, as of year-end 2023, amount to approximately $666 million. Challenges emerge from Section 382 of the Code, which imposes limitations on NOL usage post-“ownership change,” a situation potentially triggered by stock ownership shifts exceeding 50% over three years. While HASI’s Tax Benefits Preservation Plan aims to prevent such changes and preserve NOL utility, there’s no guarantee against ownership shifts that could undermine the company’s ability to offset future taxable income. This uncertainty, compounded by the Plan’s potential to deter stock purchases, adds a layer of risk to HASI’s financial strategy.
The average HASI stock price target is $37.14, implying 41.54% upside potential.
To learn more about HASI’s risk factors, click here.
