Wells Fargo Raises Price Target to $44 on HA Sustainable Infrastructure’s $6.5B Pipeline
Wells Fargo raised HA Sustainable Infrastructure Capital’s price target to US$44 from US$37, citing a 12-month pipeline expansion to over US$6.5B and in-line Q4 results. The company reported Q4 revenue of US$114.81M, record US$4.3B in new investments and over 10% adjusted EPS growth.
1. Wells Fargo Raises Price Target
On February 18, Wells Fargo analyst Praneeth Satish lifted the price target on HA Sustainable Infrastructure Capital to US$44 from US$37, maintaining an Overweight rating. He highlighted a 12-month project pipeline that grew to over US$6.5 billion and noted that Q4 results and FY28 guidance were in line with expectations.
2. Q4 Financial Performance
In Q4, the company generated revenue of US$114.81 million versus US$106.13 million consensus, achieved a record US$4.3 billion in new investments and delivered over 10% adjusted EPS growth. Adjusted Recurring Net Investment Income rose 25%, underpinning sustained earnings momentum.
3. Additional Analyst Upgrades
On February 17, TD Cowen raised its price target to US$50 from US$40, citing improvements in capital efficiency and closed transaction execution. A day earlier, Goldman Sachs increased its target to US$38 from US$33 after Q4 adjusted EPS slightly exceeded forecasts, raising its 2025–28 EPS CAGR guidance to 10% and expecting adjusted ROE above 17% by 2028.