HASI Stock Summary and Trading Ideas (Hannon Armstrong Sustainable Infrastructure Capital | NYSE:HASI)

Hannon Armstrong Sustainable Infrastructure Capital Inc provides debt and equity financing to the energy markets in the United States. The company focuses on investments in two types of projects: energy-efficiency projects and renewable-energy projects. Energy-efficiency projects reduce the energy use and energy cost of building or facility through the improvement or installation of building components including heat, ventilation, and air conditioning systems; lights; energy controls; roofs; windows; building shells; and heat and power systems. Renewable-energy projects deploy cleaner energy sources such as solar and wind to generate power production. The company also provides financing solutions for other projects to improve energy efficiency and the environment.

Hannon Armstrong Sustainable Infrastructure Capital trades on the NYSE stock market under the symbol HASI.

As of April 19, 2024, HASI stock price climbed to $24.95 with 806,735 million shares trading.

HASI has a beta of 2.77, meaning it tends to be more sensitive to market movements. HASI has a correlation of 0.23 to the broad based SPY ETF.

HASI has a market cap of $2.83 billion. This is considered a Mid Cap stock.

Last quarter Hannon Armstrong Sustainable Infrastructure Capital reported $62 million in Revenue and $.53 earnings per share. This fell short of revenue expectation by $-7 million and missed earnings estimates by -$.05.

In the last 3 years, HASI stock traded as high as $65.74 and as low as $13.22.

The top ETF exchange traded funds that HASI belongs to (by Net Assets): IJR, VTI, VB, IWM, VBR.

HASI has underperformed the market in the last year with a price return of -7.7% while the SPY ETF gained +21.2%. However, in the short term, HASI had mixed performance relative to the market. It has outperformed in the last 3 months, returning +13.0% vs +3.0% return in SPY. But in the last 2 weeks, HASI shares have been beat by the market, returning -6.1% compared to an SPY return of -4.5%.

HASI support price is $23.69 and resistance is $24.99 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that HASI stock will trade within this expected range on the day.