Hannon Armstrong 's improving fundamentals should lead to a turnaround for the stock, according to Morgan Stanley.
Structured as a real estate investment trust, Hannon Armstrong provides renewable energy projects with debt and equity capital.
HASI YTD mountain HASI YTD chart The analysts believe the selloff cannot be justified when given the company's strategic business decisions, along with its balance sheet flexibility and move toward an equity self-funding model.
Additionally, Morgan Stanley noted that the sustainable investment firm's high cash flow can support steady dividends to come.
Morgan Stanley isn't the only firm on Wall Street that likes Hannon Armstrong.
Persons:
Hannon Armstrong, Morgan Stanley, Andrew Percoco, Hannon Armstrong's, HASI, Morgan Stanley isn't, Baird, — CNBC's Michael Bloom