Baird analyst Ben Kallo raised the firm’s price target on HASI to $47 from $36 and keeps an Outperform rating on the shares. The firm said their conviction in the company as the best way to play our sector was reaffirmed after traveling with management. The business is benefiting from several tailwinds including interest rate cuts, strong demand for renewable energy project financing, visibility afforded partly from the IRA, and recently being upgraded to an Investment Grade corporate issuer.
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