Efficient capital deployment leads to bullish sentiment towards HA Sustainable Infrastructure Capital (HASI)

HA Capital Sustainable Infrastructure (NYSE:TO START) is one of best pure financial games under $100 according to hedge funds.

On December 16, HA Sustainable Infrastructure Capital (NYSE: HASI) announced an additional $500 million capital commitment to CarbonCount Holdings 1 (CCH1), a co-investment vehicle created in partnership with KKR & Co. As part of this announcement, KKR & Co will also add $500 million to the investment capacity of this vehicle, which injects capital into sustainable infrastructure projects in the United States.

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Marc Pangburn, Hasi’s Chief Revenue and Strategy Officer, said:

“CCH1 allows us to efficiently deploy capital into sustainable infrastructure projects that support the energy transition and meet the country’s growing electricity demand. Together with KKR, we are pleased to further evolve CCH1 to deliver long-term value to our customers and stakeholders.”

The stock has a 1-year average consensus price target of $40.27, implying a 26% upside from the current level. As of December 30, forecasts remain strong for HA Sustainable Infrastructure Capital (NYSE:HASI). The stock has been covered by 13 analysts, with 11 giving buy ratings and 2 giving hold calls.

On December 23, Mizuho Securities reaffirmed its bullish stance on HA Sustainable Infrastructure Capital (NYSE:HASI). The firm gave the stock a Buy rating with a $34 price target, implying a single-digit upside of nearly 6.5%.

HA Sustainable Infrastructure Capital (NYSE:HASI) invests in sustainable infrastructure assets and has approximately $15 billion in assets under management (AUM). Focused on the energy transition, they have invested in various categories such as onshore wind, distributed solar, utility-scale solar and RNG.

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Disclosure: None. This article was originally published on Initiated Monkey.