#6 - Hannon Armstrong (NYSE:HASI)
A different way to invest in renewable energy stocks is to invest in companies that make renewable energy investments. That brings us to Hannon Armstrong (NYSE:HASI). According to the company’s website, the company “will earn better risk-adjusted returns by investing on the right side of the climate change line.”
How they do, that is what should interest investors. Hannon has the flexibility to invest funds in different ways. The company’s investments take different forms, including equity, joint ventures, land ownership, lending, or other financing transactions. This allows them to move dollars around to help investors get the best return for the risk. The company also generates revenue through ongoing fees on a variety of projects.
HASI stock is up over 36% in 2020 and 44% in the last 12 months. The company also pays a nice dividend with a yield that currently sits at 3.19%. Of the seven analysts that offer ratings on HASI stock, five give the company a buy rating.
About Hannon Armstrong Sustainable Infrastructure Capital
Hannon Armstrong Sustainable Infrastructure Capital, Inc, through its subsidiaries, engages in the investment in energy efficiency, renewable energy, and sustainable infrastructure markets in the United States. The company's portfolio includes equity investments, commercial and government receivables, real estate, and debt securities.
Read More - Current Price
- $27.59
- Consensus Rating
- Buy
- Ratings Breakdown
- 11 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $40.50 (46.8% Upside)
