Hannon Armstrong Sustainable Infrastructure CapitalNYSE: HASI

Hannon Armstrong Sustainable Infrastructure Capital channels capital into renewable energy assets through equity investments, joint ventures, and lending. The company aims to capture positive spreads between portfolio yield and cost of capital, similar to mortgage REITs, with a focus on debt investments. HASI has potential for a significant dividend growth due to reduced adjusted EPS payout ratio, new joint venture with KKR, and strong financial profile.

ANNAPOLIS, Md.--(BUSINESS WIRE)--Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("HASI," "we," "our" or the "Company") (NYSE: HASI), a leading investor in climate solutions, today announced it secured an investment grade rating of BBB- from Fitch Ratings (“Fitch”), a globally recognized leader in credit ratings and research. This marks HASI's second investment grade rating from a major credit rating agency. The Company has maintained an investment grade credit rating of Baa3 from Moo.

Gain a better understanding of Hannon Armstrong's (HASI) potential performance for the first quarter of 2024 by looking beyond Wall Street's revenue and earnings projections and analyzing estimates for its critical metrics.

Hannon Armstrong (HASI) lacks the necessary elements for a potential earnings surprise in its upcoming report. Be sure to have the key expectations in mind.

The Fed's interest rate hikes have impacted Hannon Armstrong Sustainable Infrastructure Capital, but its dividend remains secure and is steadily increasing. The current dividend yield is over 6% and is expected to grow by almost 10%. HASI has a robust balance sheet and resilient operations, with enough earnings to cover the dividend and a promising pipeline of upcoming projects.

Hannon Armstrong transitioned from a REIT to a C-Corp to better align with investment goals and leverage tax benefits in ESG projects. The company's underlying business should focus on behind-the-meter initiatives, grid-connected endeavors, and ventures in the fuels, transport, and nature sectors. HASI will continue to promote solar energy sources, renewable natural gas facilities, and ecological restoration with over $11 billion in managed assets.

The headline numbers for Hannon Armstrong (HASI) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Hannon Armstrong (HASI) possesses solid growth attributes, which could help it handily outperform the market.

The consensus price target hints at a 26% upside potential for Hannon Armstrong (HASI). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.