Symbols / HASI Stock $41.75 -0.31% HA Sustainable Infrastructure Capital, Inc.

Financial Services • Asset Management • United States • NYQ
HASI (Stock) Chart
O: — H: — L: — C: — V: —
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Stock Fundamentals
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Index EQUITY
Sector Financial Services
Industry Asset Management
CEO Mr. Jeffrey A. Lipson
Exch · Country NYQ · United States
Market Cap 5.34B
Enterprise Value 10.44B
Income 182.63M
Sales 95.95M
FCF (ttm) —
Book/sh 20.25
Cash/sh 1.08
Employees 173
Insider 10d —
IPO Apr 18, 2013
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 119.15%
P/E 29.61
Forward P/E 12.71
PEG 1.49
P/S 55.61
P/B 2.06
P/C —
EV/EBITDA —
EV/Sales 108.76
Quick Ratio 3.40
Current Ratio 3.54
Debt/Eq 194.08
LT Debt/Eq —
EPS (ttm) 1.41
EPS next Y 3.29
EPS Growth —
Revenue Growth -9.80%
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) 2026-05-07
Earnings (prior) 2026-02-12
ROA 2.47%
ROE 7.44%
ROIC —
Gross Margin 100.00%
Oper. Margin 10.59%
Profit Margin 192.33%
Shs Outstand 127.80M
Shs Float 126.44M
Insider Own 2.23%
Instit Own 106.38%
Short Float 13.21%
Short Ratio 13.88
Short Interest 12.44M
52W High 42.03
vs 52W High -0.67%
52W Low 24.29
vs 52W Low 71.88%
Beta 1.41
Impl. Vol. 65.63%
Rel Volume 0.53
Avg Volume 978.85K
Volume 522.24K
Target (mean) $45.87
Tgt Median $45.00
Tgt Low $38.00
Tgt High $54.00
# Analysts 15
Recom Strong_buy
Prev Close $41.88
Price $41.75
Change -0.31%
About

HA Sustainable Infrastructure Capital, Inc., through its subsidiaries, engages in the investment in energy efficiency, renewable energy, and other sustainable infrastructure markets in the United States. The company's portfolio includes equity investments, receivables, and debt securities. It invests in climate solutions, including Behind-the-Meter that distributes energy projects which reduce energy cost or usage that distributes energy projects which reduce energy; Grid-Connected, a renewable energy projects that deploy cleaner energy sources, such as solar, solar-plus-storage, and wind, to generate cleaner, lower cost energy; and Fuels, Transport, and Nature, a range of infrastructure assets that are designed to reduce emissions and/or provide environmental benefits in projects beyond the power grid, such as transportation and fuels, including renewable natural gas (RNG) plants, transportation fleet enhancements, and ecological restoration, and other projects. The company was formerly known as Hannon Armstrong Sustainable Infrastructure Capital, Inc. and changed its name to HA Sustainable Infrastructure Capital, Inc. in June 2024. HA Sustainable Infrastructure Capital, Inc. was founded in 1981 and is headquartered in Annapolis, Maryland.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$45.87
Mean price target
2. Current target
$41.75
Latest analyst target
3. DCF / Fair value
$21.15
Fallback: EPS × 15 (assumed fair P/E). No FCF data; use with …
Ratings
Current target
$41.75
Low
$38.00
High
$54.00
Mean
$45.87

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-21 main Citigroup Buy → Buy $50
2026-04-07 main Morgan Stanley Overweight → Overweight $54
2026-03-04 main Mizuho Outperform → Outperform $41
2026-03-02 main UBS Buy → Buy $44
2026-02-18 main Wells Fargo Overweight → Overweight $44
2026-02-17 main Goldman Sachs Neutral → Neutral $38
2025-12-19 main Wells Fargo Overweight → Overweight $37
2025-12-02 main Morgan Stanley Overweight → Overweight $47
2025-11-25 main Morgan Stanley Overweight → Overweight $44
2025-11-18 main Jefferies Buy → Buy $39
2025-11-10 main UBS Buy → Buy $40
2025-10-08 main Goldman Sachs Neutral → Neutral $31
2025-09-19 main JP Morgan Overweight → Overweight $45
2025-08-11 main UBS Buy → Buy $39
2025-04-15 main Baird Outperform → Outperform $41
2025-02-27 init Wells Fargo — → Overweight $33
2025-02-06 init Truist Securities — → Buy $40
2025-01-23 main JP Morgan Overweight → Overweight $39
2025-01-08 up Citigroup Neutral → Buy $36
2024-12-17 main Goldman Sachs Neutral → Neutral $31
News
RSS: Latest HASI news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-02-17 ECKEL JEFFREY W Director — 134,398 $39.22 $5,272,218
2025-03-24 BRENNER TERESA MURPHY Director — 2,000 $0.00 $0
2024-11-11 PANGBURN MARC T. Chief Financial Officer — 3,500 $28.71 $100,485
2024-09-16 ECKEL JEFFREY W Officer and Director — 146,000 $34.75 $5,092,144
2024-09-11 ROSE NATHANIEL J Chief Investment Officer — 5,000 $0.00 $0
2024-09-11 ROSE NATHANIEL J Chief Investment Officer — 10,000 $33.50 $335,000
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
408.76
+5.05%
389.11
+34.25%
289.84
+86.43%
155.47
Operating Revenue
408.76
+5.05%
389.11
+34.25%
289.84
+86.43%
155.47
Operating Expense
135.28
+17.35%
115.28
+7.28%
107.46
+1.21%
106.18
Selling General And Administration
30.68
-6.77%
32.91
+5.18%
31.28
+4.51%
29.93
General And Administrative Expense
30.68
-6.77%
32.91
+5.18%
31.28
+4.51%
29.93
Other Operating Expenses
12.14
+1046.84%
1.06
-91.05%
11.83
-7.55%
12.80
Reconciled Depreciation
0.78
-22.23%
1.00
-67.92%
3.13
-21.69%
3.99
Net Income
184.55
-7.74%
200.04
+34.40%
148.84
+258.62%
41.50
Pretax Income
273.48
-0.13%
273.83
+50.14%
182.38
+270.00%
49.29
Net Interest Income
-6.04
-125.68%
23.52
-59.47%
58.04
+56.85%
37.00
Interest Expense
292.40
+20.65%
242.36
+41.73%
171.01
+47.98%
115.56
Interest Income
286.36
+7.70%
265.89
+16.09%
229.04
+50.13%
152.56
Gain On Sale Of Security
65.09
-18.98%
80.34
+17.05%
68.64
+20.02%
57.19
Tax Provision
85.25
+21.44%
70.20
+122.00%
31.62
+328.41%
7.38
Tax Rate For Calcs
0.00
+23.08%
0.00
+52.94%
0.00
+13.33%
0.00
Tax Effect Of Unusual Items
0.00
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
188.24
-7.56%
203.63
+35.07%
150.76
+259.71%
41.91
Net Income From Continuing Operation Net Minority Interest
184.55
-7.74%
200.04
+34.40%
148.84
+258.62%
41.50
Net Income From Continuing And Discontinued Operation
184.55
-7.74%
200.04
+34.40%
148.84
+258.62%
41.50
Net Income Continuous Operations
188.24
-7.56%
203.63
+35.07%
150.76
+259.71%
41.91
Minority Interests
-3.69
-2.73%
-3.59
-86.93%
-1.92
-369.68%
-0.41
Normalized Income
184.55
-7.74%
200.04
+34.40%
148.84
+258.62%
41.50
Net Income Common Stockholders
184.55
-7.74%
200.04
+34.40%
148.84
+258.62%
41.50
Diluted EPS
1.41
-12.96%
1.62
+14.08%
1.42
+202.13%
0.47
Basic EPS
1.49
-13.37%
1.72
+18.62%
1.45
+208.51%
0.47
Basic Average Shares
122.98
+6.43%
115.55
+13.46%
101.84
+16.39%
87.50
Diluted Average Shares
138.18
+5.89%
130.50
+19.21%
109.47
+20.81%
90.61
Diluted NI Availto Com Stockholders
184.55
-7.74%
200.04
+34.40%
148.84
+258.62%
41.50
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
8,187.97
+15.65%
7,080.24
+8.06%
6,552.35
+37.65%
4,760.15
Cash And Cash Equivalents
110.22
-15.06%
129.76
+107.18%
62.63
-59.78%
155.71
Receivables
3,393.98
+14.22%
2,971.39
-4.43%
3,109.15
+49.82%
2,075.25
Investments And Advances
4,415.65
+14.36%
3,861.08
+20.95%
3,192.42
+55.20%
2,056.94
Long Term Equity Investment
4,115.91
+13.94%
3,612.39
+21.78%
2,966.30
+58.65%
1,869.71
Total Liabilities Net Minority Interest
5,530.10
+18.29%
4,675.17
+6.00%
4,410.73
+42.49%
3,095.40
Payables
—
275.64
+68.79%
163.31
+35.96%
120.11
Accounts Payable
—
275.64
+68.79%
163.31
+35.96%
120.11
Long Term Debt And Capital Lease Obligation
5,149.39
+17.04%
4,399.53
+3.58%
4,247.42
+42.76%
2,975.29
Stockholders Equity
2,574.88
+10.19%
2,336.76
+11.69%
2,092.26
+28.42%
1,629.24
Common Stock Equity
2,574.88
+10.19%
2,336.76
+11.69%
2,092.26
+28.42%
1,629.24
Capital Stock
1.28
+7.23%
1.19
+6.06%
1.12
+23.57%
0.91
Common Stock
1.28
+7.23%
1.19
+6.06%
1.12
+23.57%
0.91
Preferred Stock
0.00
0.00
0.00
0.00
Share Issued
127.64
+7.30%
118.96
+6.05%
112.17
+23.49%
90.84
Ordinary Shares Number
127.64
+7.30%
118.96
+6.05%
112.17
+23.49%
90.84
Additional Paid In Capital
2,849.60
+9.90%
2,592.96
+8.88%
2,381.51
+23.77%
1,924.20
Retained Earnings
-323.07
-8.60%
-297.50
+1.99%
-303.54
-6.33%
-285.47
Minority Interest
82.99
+21.48%
68.32
+38.40%
49.36
+39.02%
35.51
Total Equity Gross Minority Interest
2,657.87
+10.51%
2,405.07
+12.30%
2,141.62
+28.65%
1,664.75
Total Capitalization
7,724.27
+14.67%
6,736.29
+6.26%
6,339.68
+37.68%
4,604.52
Invested Capital
7,724.27
+14.67%
6,736.29
+6.26%
6,339.68
+37.68%
4,604.52
Total Debt
5,149.39
+17.04%
4,399.53
+3.58%
4,247.42
+42.76%
2,975.29
Net Debt
5,039.18
+18.02%
4,269.77
+2.03%
4,184.79
+48.42%
2,819.57
Net Tangible Assets
2,574.88
+10.19%
2,336.76
+11.69%
2,092.26
+28.42%
1,629.24
Tangible Book Value
2,574.88
+10.19%
2,336.76
+11.69%
2,092.26
+28.42%
1,629.24
Available For Sale Securities
299.74
+20.53%
248.69
+9.98%
226.11
+20.77%
187.23
Cash Cash Equivalents And Federal Funds Sold
145.22
-3.03%
149.76
+100.66%
74.63
-57.53%
175.71
Investment Properties
76.29
+678.32%
9.80
-91.17%
111.04
-68.55%
353.00
Investmentin Financial Assets
299.74
+20.53%
248.69
+9.98%
226.11
+20.77%
187.23
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
167.32
+2759.14%
5.85
-94.13%
99.69
+43243.04%
0.23
Net Income From Continuing Operations
188.24
-7.56%
203.63
+35.07%
150.76
+259.71%
41.91
Depreciation
0.78
-22.23%
1.00
-67.92%
3.13
-21.69%
3.99
Depreciation And Amortization
0.78
-22.23%
1.00
-67.92%
3.13
-21.69%
3.99
Other Non Cash Items
-13.67
+89.95%
-136.04
-114.40%
-63.45
-204.04%
60.99
Gain Loss On Investment Securities
-40.04
+36.83%
-63.39
-50.07%
-42.24
-46.49%
-28.83
Change In Working Capital
12.23
+288.03%
-6.50
-111.63%
55.92
+192.90%
-60.19
Change In Receivables
-92.23
+14.53%
-107.91
-1551.80%
7.43
+109.48%
-78.37
Change In Payable
104.46
+3.00%
101.41
+109.16%
48.48
+166.75%
18.18
Change In Other Current Liabilities
0.00
0.00
0.00
0.00
Investing Cash Flow
-855.83
-552.35%
-131.19
+93.42%
-1,992.80
-236.56%
-592.11
Net Investment Purchase And Sale
-518.50
-32.17%
-392.29
+55.61%
-883.82
-627.56%
-121.48
Purchase Of Investment
-518.50
-27.35%
-407.15
+53.93%
-883.82
-578.83%
-130.20
Sale Of Investment
0.00
-100.00%
14.86
0.00
-100.00%
8.72
Net Other Investing Changes
-396.75
-278.75%
221.95
+119.48%
-1,139.13
-96.17%
-580.70
Financing Cash Flow
683.58
+241.08%
200.41
-88.82%
1,792.22
+246.81%
516.78
Net Issuance Payments Of Debt
735.89
+325.33%
173.01
-88.29%
1,477.83
+204.78%
484.88
Issuance Of Debt
2,801.67
-3.75%
2,910.75
+15.30%
2,524.50
+252.62%
715.92
Repayment Of Debt
-2,065.78
+24.54%
-2,737.73
-161.57%
-1,046.67
-353.02%
-231.04
Long Term Debt Issuance
2,801.67
-3.75%
2,910.75
+15.30%
2,524.50
+252.62%
715.92
Long Term Debt Payments
-2,065.78
+24.54%
-2,737.73
-161.57%
-1,046.67
-353.02%
-231.04
Net Long Term Debt Issuance
735.89
+325.33%
173.01
-88.29%
1,477.83
+204.78%
484.88
Net Common Stock Issuance
236.74
+16.32%
203.53
-58.66%
492.38
+160.68%
188.88
Common Stock Dividend Paid
-209.78
-9.11%
-192.27
-20.33%
-159.79
-20.87%
-132.20
Cash Dividends Paid
-209.78
-9.11%
-192.27
-20.33%
-159.79
-20.87%
-132.20
Net Other Financing Charges
-60.22
-229.58%
46.47
+890.03%
4.69
+136.02%
-13.03
Changes In Cash
-4.93
-106.57%
75.08
+174.41%
-100.89
-34.34%
-75.10
Beginning Cash Position
150.16
+99.99%
75.08
-57.33%
175.97
-29.91%
251.07
End Cash Position
145.22
-3.29%
150.16
+99.99%
75.08
-57.33%
175.97
Free Cash Flow
167.32
+2759.14%
5.85
-94.13%
99.69
+43243.04%
0.23
Common Stock Issuance
236.74
+16.32%
203.53
-58.66%
492.38
+160.68%
188.88
Dividends Received CFI
59.42
+51.80%
39.14
+29.87%
30.14
-72.62%
110.06
Interest Paid CFF
-19.06
+37.16%
-30.33
-32.48%
-22.89
—
Issuance Of Capital Stock
236.74
+16.32%
203.53
-58.66%
492.38
+160.68%
188.88
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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