HA Sustainable Infrastructure Capital heads into its May 7 Q1 print with the analyst community firmly in its corner — and short sellers slowly backing away.
The bullish analyst setup is the most striking feature of this earnings preview. Citigroup raised its price target from $36 to $50 just two weeks ago, maintaining a Buy rating. Morgan Stanley lifted its target to $54 in early April, also on an Overweight. With the consensus target at $45.87 against a current price of $42.23, the Street sees a further ~9% upside even after the stock's 14% rise over the past month and a 35% YTD gain. Forward EPS growth expectations rank in the 91st percentile versus peers — the most forceful argument the bulls have.
Short sellers, meanwhile, have been trimming rather than pressing. Short interest has eased roughly 2.6% over the past month to 9.7% of the float — still a meaningful level, but trending in the wrong direction for bears. The borrow market reflects that retreat: cost to borrow has fallen 18% over the same period to 0.43%, and availability is ample, leaving no squeeze pressure. The ORTEX short score of 70 remains elevated in absolute terms but has drifted lower through April, down from around 72 earlier in the month.
Options positioning underscores the bullish lean. The put/call ratio has dropped to 0.30, the lowest level recorded over the past year — nearly 1.7 standard deviations below its 20-day average. That's not a hedging posture; it's a call-heavy book that prices in upside. The RSI14 has climbed to 70, placing the stock technically overbought on the eve of the report. The last earnings print — in February — produced a 6.7% one-day jump before fading slightly over the following five sessions, providing historical context for how quickly sentiment can pivot.
The May 7 result will therefore test whether the combination of forward earnings momentum, clean borrow dynamics, and aggressive call positioning can survive contact with the actual numbers — or whether the 35% YTD rally has already priced in the story.
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