JPMorgan's top picks for the rest of the year are two smaller, lesser known companies — Hannon Armstrong Sustainable Infrastructure and TPI Composites .
Hannon Armstrong finances renewable projects and TPI builds blades for wind turbines.
The investment bank has $39 price target for Hannon Armstrong, implying 21% upside from Thursday's close of $32.13.
When long-term Treasury rates are higher than short-term rates, Hannon Armstrong can book projects at the higher rate but finance them at the lower rate.
Nextracker's price target remains at $63, suggesting 23% upside from the last closing price of $51.32.
Persons:
JPMorgan's, — Hannon Armstrong, Hannon Armstrong, TPI, Mark Strouse, Strouse
Organizations:
U.S, JPMorgan, — Hannon Armstrong Sustainable Infrastructure, TPI Composites