Optimistic Growth Outlook for HASI Amid Rising Power Demand and Attractive Dividend Yield

TD Cowen analyst Jeff Osborne maintained a Buy rating on HASI (HASI – Research Report) today and set a price target of $40.00.

Jeff Osborne has given his Buy rating due to a combination of factors that reflect confidence in HASI’s future performance. Despite the challenges posed by uncertainties in clean energy policy and the less promising outlook for rate cuts, Osborne is optimistic about HASI’s potential growth driven by the rising power demand. The company is expected to benefit from lower debt costs due to its investment-grade rating and CCH1, which supports the company’s guidance through 2026.
In addition, the attractive dividend yield of 6% adds to the investment appeal, and Osborne anticipates a solid quarter fueled by year-over-year growth in net interest income. Although HASI issued $300 million of unsecured notes at a higher rate, the overall portfolio yield is expected to improve, which should offset the increase in debt costs. Osborne also predicts an increase in the company’s portfolio and dividend, supporting a positive outlook for earnings per share growth and dividend payout over the coming years.

Based on the recent corporate insider activity of 9 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of HASI in relation to earlier this year.