Hannon Armstrong Gets a Buy Rating from Cowen & Co.

By Ryan Adsit

Cowen & Co. analyst Jeff Osborne reiterated a Buy rating on Hannon Armstrong (NYSE: HASI) on August 25 and set a price target of $28. The company’s shares closed on Friday at $23.46.

According to TipRanks.com, Osborne is a 1-star analyst with an average return of -2.2% and a 46.2% success rate. Osborne covers the Industrial Goods sector, focusing on stocks such as Honeywell International, Ballard Power Systems, and Capstone Turbine Corp.

Hannon Armstrong has an analyst consensus of Strong Buy, with a price target consensus of $28.

Based on Hannon Armstrong’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $28.28 million and quarterly net profit of $11.94 million. In comparison, last year the company earned revenue of $21.85 million and had a net profit of $3.35 million.

Based on the recent corporate insider activity of 41 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Hannon Armstrong Sustainable Infrastructure Capital, Inc. engages in the provision of financial solutions. It specializes in providing providing preferred or senior level capital to sponsors and obligors for assets that generate long-term, recurring and predictable cash flows. It focuses on Energy Efficiency, and Renewable Energy Projects.