HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) is one of the 10 Best Financial Stocks to Buy for the Long Term. RBC Capital analyst Chris Dendrinos reiterated his Buy rating on HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) with a price target of $39 on January 20. The company’s price target suggests a further 13% upside from current levels.
On January 6, HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) and Sunrun (RUN) announced the completion of an innovative joint venture aimed at accelerating the deployment of residential solar and battery systems. The collaboration is expected to eventually finance more than 300 megawatts of capacity, supporting more than 40,000 home electrical installations across the United States.
As part of the agreement, HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) will invest up to $500 million over 18 months in the joint venture. HASI’s structured equity investment aims to monetize a portion of the long-term cash flows generated by Sunrun’s residential energy assets. This structure not only provides predictable performance for HASI but also allows Sunrun to maintain a long-term shareholding. According to the companies, this approach is expected to result in a more efficient cost of capital, improving overall financial efficiency.
HASI Chief Strategy and Revenue Officer Marc Pangburn said:
“Together, HASI and Sunrun are accelerating the development of essential infrastructure through home energy systems that improve grid reliability and address growing energy demand.”
HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) invests in sustainable infrastructure and energy efficiency markets throughout the United States. Its portfolio consists of commercial and government receivables, debt securities, equity investments and real estate. The company invests in climate solutions, grid-connected and in fuels, transport and nature, a range of infrastructure assets.
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Disclosure: None. This article was originally published in Internal jumpsuit.