HASI
HA Sustainable Infrastructure Capital, Inc.
$40.00
-0.27
(-0.67%)
Mkt Cap
5.11B
Volume
552,257
52W Range
27.28-44.13
Sector
Financial Services
Beta
1.42
EPS (TTM)
0.66 USD
P/E Ratio
60.61
Revenue (TTM)
462.89M USD
Rev Growth (5Y)
+11.3%
EPS Growth (5Y)
+5.7%
AlphaVal · Fair Value
What we estimate one share is worth
$36.92
Overvalued
weak signal
8.3% above fair value
Modeled from cash flows & growth.
AlphaQuality · Ungradable
AlphaQuality does not grade asset managers/brokers/exchanges — AUM flows, fee compression, and performance economics aren't captured by this model.
Company Description
HA Sustainable Infrastructure Capital, Inc. (HASI) specializes in providing financial capital and making investments in initiatives that address climate change. The company funnels its resources into projects and assets developed by businesses operating in the renewable energy, energy efficiency, and wider sustainable infrastructure sectors. HASI's investment strategy specifically targets areas such as Behind the Meter solutions, Grid-Connected projects, alternative Fuels, sustainable Transport, and Nature-based climate initiatives. The firm was established on November 7, 2012, and operates from its main office in Annapolis, MD.
Track Record
Showing latest 4 periods • Swipe for more
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 400.50M | 631.47M | 460.85M | 271.03M | 339.59M | 234.87M | 205.75M | 161.56M | 128.28M | 87.31M | 58.58M | 45.27M |
| Net Income | 184.55M | 200.04M | 148.84M | 41.50M | 126.58M | 82.42M | 81.56M | 41.58M | 30.86M | 14.65M | 7.96M | 9.61M |
| EPS | 1.49 | 1.72 | 1.45 | 0.47 | 1.57 | 1.13 | 1.25 | 0.75 | 0.57 | 0.32 | 0.21 | 0.43 |
| Free Cash Flow | 167.32M | 5.85M | 99.69M | 230,000 | 13.31M | 73.28M | 29.49M | 58.79M | 11.72M | 56.85M | 18.52M | 5.12M |
| FCF / Share | 1.36 | 0.05 | 0.98 | 0.00 | 0.17 | 1.01 | 0.46 | 1.11 | 0.23 | 1.41 | 0.60 | 0.25 |
| Operating CF | 167.32M | 5.85M | 99.69M | 230,000 | 13.31M | 73.28M | 29.49M | 58.79M | 11.72M | 56.85M | 18.52M | 5.12M |
| Total Assets | 8.19B | 7.08B | 6.55B | 4.76B | 4.15B | 3.46B | 2.39B | 2.15B | 2.25B | 1.75B | 1.47B | 1.01B |
| Total Debt | 5.08B | 4.40B | 4.25B | 2.98B | 2.49B | 2.19B | 1.39B | 1.24B | 1.43B | 975.44M | 911.14M | 636.52M |
| Cash & Equiv | 145.22M | 129.76M | 62.63M | 155.71M | 226.20M | 286.25M | 6.21M | 21.42M | 57.27M | 29.43M | 42.65M | 58.20M |
| Book Value | 2.57B | 2.34B | 2.09B | 1.63B | 1.54B | 1.20B | 936.48M | 801.10M | 639.18M | 570.61M | 428.19M | 269.30M |
| Return on Equity | 0.07 | 0.09 | 0.07 | 0.03 | 0.08 | 0.07 | 0.09 | 0.05 | 0.05 | 0.03 | 0.02 | 0.04 |
| Metric | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 120.79M | 124.23M | 114.81M | 103.06M | 85.69M | 96.94M | 187.16M | 58.56M | 121.39M | 264.37M | 200.13M | 92.61M |
| Net Income | 128.62M | (71.97M) | (53.77M) | 83.26M | 98.44M | 56.61M | 70.09M | (19.62M) | 26.54M | 123.03M | 89.76M | 21.45M |
| EPS | 1.00 | -0.57 | -0.43 | 0.66 | 0.80 | 0.47 | 0.59 | -0.17 | 0.23 | 1.08 | 0.80 | 0.20 |
| Free Cash Flow | 68.05M | 15.61M | 246.67M | (121.81M) | 79.57M | (37.12M) | (12.20M) | 21.94M | (24.82M) | 20.93M | 7.35M | 26.61M |
| FCF / Share | 0.53 | 0.12 | 1.95 | -0.98 | 0.65 | -0.31 | -0.10 | 0.19 | -0.22 | 0.19 | 0.07 | 0.25 |
| Operating CF | 68.05M | 15.61M | 246.67M | (121.81M) | 79.57M | (37.12M) | (12.20M) | 21.94M | (24.82M) | 20.93M | 7.35M | 26.61M |
| Total Assets | 8.94B | 8.20B | 8.19B | 8.20B | 7.60B | 7.48B | 7.08B | 6.67B | 6.66B | 6.73B | 6.55B | 5.91B |
| Total Debt | 5.90B | 5.35B | 5.08B | 5.19B | 4.72B | 4.72B | 4.40B | 4.13B | 4.11B | 4.25B | 4.25B | 3.66B |
| Cash & Equiv | 249.92M | 151.50M | 145.22M | 301.82M | 86.51M | 67.39M | 129.76M | 44.05M | 145.69M | 61.42M | 62.63M | 155.50M |
| Book Value | 2.54B | 2.44B | 2.57B | 2.60B | 2.51B | 2.39B | 2.34B | 2.26B | 2.26B | 2.22B | 2.09B | 2.05B |
| Return on Equity | 0.05 | -0.03 | -0.02 | 0.03 | 0.04 | 0.02 | 0.03 | -0.01 | 0.01 | 0.06 | 0.04 | 0.01 |
HASI News
Why I Am A Dividend Growth Investor (At Age 35)
HASI: The GAAP Numbers Look Bad, But The Economics Tell A Different Story
HASI Announces Investment in Wastewater Infrastructure Facility
177,782 Shares in HA Sustainable Infrastructure Capital, Inc. $HASI Acquired by Avalon Trust Co
Media Advisory: Neogenyx Fuels and Adams Land & Cattle to Break Ground on Agricultural Renewable Natural Gas Facility in Central Nebraska
HA Sustainable Infrastructure Capital Q2 Earnings Call Highlights
HASI Gains as Q2 Earnings Beat on Y/Y Revenue Growth, Raises Outlook
HA Sustainable Infrastructure Capital, Inc. (HASI) Q2 2026 Earnings Call Transcript
HASI Announces Second Quarter 2026 Results and Raises Guidance on 24% Y/Y Adjusted EPS Growth YTD and Adjusted ROE Above 15%
3 REITs To Buy Before Their Dividends Are Hiked