After Plunging -20.25% in 4 Weeks, Here's Why the Trend Might Reverse for HA Sustainable Infrastructure Capital (HASI)

Core Viewpoint - HA Sustainable Infrastructure Capital (HASI) has experienced a significant decline of 20.3% over the past four weeks, but it is now in oversold territory, indicating a potential for a trend reversal as analysts expect better earnings than previously predicted [1]. Group 1: Stock Performance and Technical Indicators - The stock's Relative Strength Index (RSI) reading is at 21.81, suggesting that the heavy selling pressure may be exhausting, which could lead to a rebound towards the previous equilibrium of supply and demand [5]. - A stock is generally considered oversold when its RSI falls below 30, indicating a potential entry opportunity for investors [2]. Group 2: Earnings Estimates and Analyst Consensus - There has been a consensus among sell-side analysts to raise earnings estimates for HASI, with a 0.1% increase in the consensus EPS estimate over the last 30 days, which typically correlates with price appreciation [7]. - HASI holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, further supporting the stock's potential for a turnaround [8].