HASI - HA Sustainable Infrastructure Capital, Inc.
Price:
--
--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$51.75
DETAILS
HIGH:
$60.00
LOW:
$44.00
MEDIAN:
$51.50
CONSENSUS:
$51.75
UPSIDE:
31.45%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||
| Revenue | 400.5 | 631.5 | 460.8 | 271.0 | 339.6 | 234.9 | 205.8 | 161.6 | 128.3 | 87.3 | 58.6 | 45.3 | 24.1 | 25.3 | 2.0 | 0.4 |
| Cost of Revenue | 292.4 | 242.4 | 171.0 | 115.6 | 121.7 | 92.2 | 64.2 | 76.9 | 65.5 | 45.2 | 26.4 | 16.7 | 9.8 | 9.9 | 0 | 0.4 |
| Gross Profit | 108.1 | 389.1 | 289.8 | 155.5 | 217.9 | 142.7 | 141.5 | 84.7 | 62.8 | 42.1 | 32.2 | 28.6 | 14.3 | 15.4 | 2.0 | 0 |
| Operating Expenses | ||||||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 123.1 | 32.9 | 31.3 | 29.9 | 19.9 | 14.8 | 14.7 | 15.1 | 11.2 | 8.3 | 7.3 | 8.3 | 3.8 | 3.9 | 2.5 | 9.0 |
| Other Expenses | 12.1 | 82.4 | 76.2 | 76.2 | 53.5 | 47.9 | 36.8 | 25.7 | 19.7 | 18.9 | 16.8 | 10.5 | 23.3 | 7.7 | (0.6) | (23.1) |
| Operating Expenses | 135.3 | 115.3 | 107.5 | 106.2 | 73.4 | 62.7 | 51.5 | 40.7 | 30.9 | 27.2 | 24.0 | 18.8 | 27.2 | 11.6 | 2.0 | (14.1) |
| Operating Income | ||||||||||||||||
| Operating Income | (27.2) | 273.8 | 182.4 | 49.3 | 144.5 | 80.0 | 90.0 | 43.9 | 31.9 | 14.9 | 8.2 | 9.8 | (12.9) | 3.8 | 0 | 14.1 |
| Interest Expense | 292.4 | 242.4 | 171.0 | 115.6 | 121.7 | 92.2 | 64.2 | 76.9 | 65.5 | 45.2 | 26.4 | 16.7 | 9.8 | 9.9 | 0.3 | 0.4 |
| Interest Income | 286.4 | 289.8 | 227.1 | 152.6 | 116.6 | 95.6 | 76.2 | 75.9 | 62.2 | 50.0 | 38.9 | 26.9 | 17.4 | 11.8 | 11.7 | 0.4 |
| Profitability | ||||||||||||||||
| EBITDA | (26.4) | 274.8 | 185.5 | 53.3 | 148.3 | 83.6 | 93.6 | 48.5 | 35.5 | 22.6 | 12.1 | 12.4 | (11.8) | 4.2 | 0 | 17.8 |
| EBIT | (27.2) | 273.8 | 182.4 | 49.3 | 144.5 | 80.0 | 90.0 | 43.9 | 31.9 | 14.9 | 8.2 | 9.8 | (12.9) | 3.8 | (1.0) | 14.1 |
| Income Before Tax | 273.5 | 273.8 | 182.4 | 49.3 | 144.5 | 80.0 | 90.0 | 43.9 | 31.9 | 14.9 | 8.2 | 9.8 | (12.9) | 3.8 | (5.0) | 14.1 |
| Income Tax Expense | 85.2 | 70.2 | 31.6 | 7.4 | 17.2 | (2.8) | 8.1 | 2.1 | 0.9 | 0.1 | 0.1 | 0.0 | (0.3) | 0 | 0 | 0 |
| Net Income | 184.5 | 200.0 | 148.8 | 41.5 | 126.6 | 82.4 | 81.6 | 41.6 | 30.9 | 14.7 | 8.0 | 9.6 | (10.5) | 3.8 | (5.0) | 14.1 |
| Per Share Data | ||||||||||||||||
| EPS (Basic) | 1.49 | 1.72 | 1.45 | 0.47 | 1.57 | 1.13 | 1.25 | 0.75 | 0.57 | 0.32 | 0.21 | 0.43 | -0.68 | 0.25 | -0.33 | 0.93 |
| EPS (Diluted) | 1.41 | 1.62 | 1.42 | 0.45 | 1.51 | 1.10 | 1.24 | 0.75 | 0.57 | 0.32 | 0.21 | 0.43 | -0.68 | 0.25 | -0.33 | 0.93 |
| Shares Outstanding | 123.0 | 115.5 | 101.8 | 87.5 | 80.0 | 72.4 | 63.9 | 52.8 | 50.4 | 40.3 | 30.8 | 20.7 | 15.7 | 15.1 | 15.1 | 15.1 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | |||||||||||||||
| Cash & Cash Equivalents | 145.2 | 129.8 | 62.6 | 155.7 | 226.2 | 286.2 | 6.2 | 21.4 | 57.3 | 29.4 | 42.6 | 58.2 | 31.8 | 20.9 | 1.6 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 3,693.7 | 2,971.4 | 3,109.2 | 2,075.2 | 1,446.2 | 1,213.9 | 1,159.6 | 944.7 | 1,012.0 | 1,042.2 | 844.3 | 615.0 | 372.6 | 195.6 | 0.4 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 17.7 | (540.8) | 0 | 203.5 | 0 |
| Total Current Assets | 3,838.9 | 3,101.2 | 3,171.8 | 2,231.0 | 1,672.4 | 1,500.2 | 1,165.8 | 1,004.1 | 1,069.3 | 1,071.7 | 844.3 | 70.1 | 379.7 | 224.8 | 2.0 |
| Non-Current Assets | |||||||||||||||
| Property, Plant & Equipment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 128.7 | 0 | 0 | 0 | 0 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.8 | 3.8 | 3.8 |
| Intangible Assets | 0 | 0 | 14 | 84 | 87 | 0 | 0 | 96 | 94 | 27 | 26.9 | 23.1 | 1.7 | 2.1 | 2.4 |
| Long-Term Investments | 4,192.2 | 3,612.4 | 2,966.3 | 1,869.7 | 1,759.7 | 1,279.7 | 498.6 | 640.8 | 673.8 | 421.4 | 347.8 | 171.2 | 95.2 | 0.8 | 157.3 |
| Other Non-Current Assets | 156.8 | 366.7 | 400.3 | 575.5 | 629.3 | 679.3 | 722.8 | 1,418.1 | 1,482.3 | 1,297.5 | 958.2 | (171.2) | 470.8 | 204.9 | 11.1 |
| Total Non-Current Assets | 4,349.0 | 3,979.1 | 3,380.6 | 2,529.2 | 2,476.0 | 1,958.9 | 1,221.5 | 2,154.9 | 2,250.2 | 1,745.9 | 1,469.6 | 23.1 | 571.4 | 211.5 | 174.6 |
| Total Assets | 8,188.0 | 7,080.2 | 6,552.4 | 4,760.1 | 4,148.3 | 3,459.1 | 2,387.3 | 2,154.9 | 2,250.2 | 1,745.9 | 1,469.6 | 1,010.3 | 571.4 | 232.5 | 174.6 |
| Current Liabilities | |||||||||||||||
| Account Payables | 0 | 275.6 | 163.3 | 120.1 | 88.9 | 59.9 | 54.4 | 36.5 | 25.6 | 25.2 | 17.9 | 11.4 | 9.1 | 8.4 | 2.0 |
| Short-Term Debt | 15 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 66 | 0 | 48 | 42.6 | 40.4 | 25.8 | 0 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (66) | 0 | (48) | (42.6) | (40.4) | (25.8) | 0 |
| Total Current Liabilities | 15 | 275.6 | 163.3 | 120.1 | 88.9 | 59.9 | 54.4 | 34.5 | 24.5 | 25.2 | 17.3 | 11.4 | 7.3 | 8.4 | 3.2 |
| Non-Current Liabilities | |||||||||||||||
| Long-Term Debt | 5,061.4 | 4,399.5 | 4,247.4 | 2,975.3 | 2,492.9 | 2,189.0 | 1,393.0 | 1,239.8 | 1,428.4 | 975.4 | 911.7 | 634.9 | 296.7 | 204.9 | 155.1 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.8 | 0 | 0 |
| Other Non-Current Liabilities | 453.7 | 0 | 0 | 0 | 0 | 0 | 0 | 110.6 | 179.0 | 170.9 | 108.5 | 88.3 | (374.3) | 0 | 0 |
| Total Non-Current Liabilities | 5,515.1 | 4,399.5 | 4,247.4 | 2,975.3 | 2,492.9 | 2,189.0 | 1,393.0 | 1,350.4 | 1,607.4 | 1,146.3 | 1,020.2 | 723.2 | 1.8 | 204.9 | 155.1 |
| Total Liabilities | 5,530.1 | 4,675.2 | 4,410.7 | 3,095.4 | 2,581.8 | 2,248.9 | 1,447.4 | 1,350.4 | 1,607.4 | 1,171.5 | 1,037.5 | 734.6 | 420.8 | 213.3 | 158.3 |
| Stockholders' Equity | |||||||||||||||
| Common Stock | 1.3 | 1.2 | 1.1 | 0.9 | 0.9 | 0.8 | 0.7 | 0.6 | 0.5 | 0.5 | 0.4 | 0.3 | 0.2 | 0.1 | 0.1 |
| Retained Earnings | (323.1) | (297.5) | (303.5) | (285.5) | (193.7) | (204.1) | (169.8) | (163.2) | (131.3) | (92.2) | (52.7) | (25.0) | (13.9) | 8.4 | 5.8 |
| Accumulated Other Comprehensive Income | 47.1 | 40.1 | 13.2 | (10.4) | 9.9 | 0 | 0 | (1.7) | (1.1) | (1.4) | (1.9) | 0.4 | 0.1 | 0 | 0.0 |
| Total Stockholders' Equity | 2,574.9 | 2,336.8 | 2,092.3 | 1,629.2 | 1,544.7 | 1,203.3 | 936.5 | 801.1 | 639.2 | 570.6 | 428.2 | 269.3 | 146.5 | 19.2 | 16.3 |
| Total Liabilities & Equity | 8,188.0 | 7,080.2 | 6,552.4 | 4,760.1 | 4,148.3 | 3,459.1 | 2,387.3 | 2,154.9 | 2,250.2 | 1,745.9 | 1,469.6 | 1,010.3 | 571.4 | 232.5 | 174.6 |
| Debt Metrics | |||||||||||||||
| Total Debt | 5,076.4 | 4,399.5 | 4,247.4 | 2,975.3 | 2,492.9 | 2,189.0 | 1,393.0 | 1,241.8 | 1,428.4 | 975.4 | 911.1 | 636.5 | 337.0 | 204.9 | 155.1 |
| Net Debt | 4,931.2 | 4,269.8 | 4,184.8 | 2,819.6 | 2,266.7 | 1,902.7 | 1,386.8 | 1,220.4 | 1,371.2 | 946.0 | 869.1 | 576.7 | 305.2 | 183.9 | 153.4 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||
| Net Income | 188.2 | 203.6 | 150.8 | 41.9 | 127.3 | 82.8 | 81.9 | 41.8 | 31.0 | 14.8 | 8.0 | 9.8 | (12.6) | 3.8 | (5.0) | 14.1 |
| Depreciation & Amortization | 0.8 | 1.0 | 3.1 | 4.0 | 3.8 | 3.6 | 3.6 | 4.5 | 3.5 | 7.7 | 4.0 | 2.6 | 1.1 | 0.4 | 1.0 | 3.8 |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.0 | 0 | 0.0 |
| Change in Working Capital | 12.2 | (6.5) | 55.9 | (60.2) | (11.6) | (16.3) | (12.5) | 19.6 | (3.7) | 49.5 | 10.0 | (3.2) | (15.9) | 4.1 | 2.0 | (1.4) |
| Other Non-Cash Items | (33.9) | (192.3) | (110.1) | 14.5 | (106.3) | 3.2 | (43.5) | (7.1) | (19.2) | (15.1) | (3.4) | (4.1) | 16.7 | 1.4 | 3.5 | (9.3) |
| Operating Cash Flow | 167.3 | 5.9 | 99.7 | 0.2 | 13.3 | 73.3 | 29.5 | 58.8 | 11.7 | 56.9 | 18.5 | 5.1 | (10.8) | 9.7 | 1.5 | 7.2 |
| Investing Activities | ||||||||||||||||
| Capital Expenditure | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (0.1) | (0.2) | (0.1) | 0 |
| Acquisitions | (447.9) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (125.9) | 0 | 0 | 0 | 0 |
| Purchases of Investments | (70.6) | (407.1) | (883.8) | (140.2) | (406.7) | (926.0) | (197.9) | (101.7) | (254.9) | (92.1) | (233.9) | (152.5) | (92.5) | (106.9) | (13.3) | (4.1) |
| Sales/Maturities of Investments | 0 | 14.9 | 0 | 8.7 | 14.8 | 70.9 | 227.2 | 41.1 | 8.2 | 15.7 | 30.9 | 144.8 | 69.1 | 52.2 | 23.6 | 0.8 |
| Other Investing Activities | (337.3) | 261.1 | (1,109.0) | (460.6) | (311.5) | 23.5 | (230.4) | 111.4 | (51.1) | (114.2) | (146.0) | (223.5) | (205.8) | 14.6 | (2.1) | (0.6) |
| Investing Cash Flow | (855.8) | (131.2) | (1,992.8) | (592.1) | (703.4) | (831.7) | (201.1) | 50.8 | (297.9) | (190.6) | (349.0) | (357.2) | (229.3) | (40.2) | 8.2 | (3.9) |
| Financing Activities | ||||||||||||||||
| Net Debt Issuance | 735.9 | 173.0 | 1,477.8 | 484.9 | 589.6 | 796.4 | 204.6 | (196.1) | 466.7 | 64.5 | 290.8 | 298.1 | 136.9 | 49.8 | (13.2) | (1.1) |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (0.2) | (0.4) | 0 | 0 | 0 |
| Dividends Paid | (209.8) | (192.3) | (159.8) | (132.2) | (113.5) | (99.9) | (86.4) | (71.0) | (68.2) | (49.5) | (31.6) | (13.9) | (6.9) | 0 | 0 | 0 |
| Other Financing Activities | (79.3) | 16.1 | (18.2) | (24.8) | (45.9) | (32.5) | (37.7) | (88.6) | (150.2) | (78.6) | (100.1) | (73.1) | (26.1) | 0.0 | (0.2) | (7.0) |
| Financing Cash Flow | 683.6 | 200.4 | 1,792.2 | 516.8 | 630.8 | 962.1 | 218.9 | (168.4) | 345.2 | 113.7 | 339.6 | 340.5 | 263.9 | 49.8 | (13.4) | (8.1) |
| Cash Position | ||||||||||||||||
| Net Change in Cash | (4.9) | 75.1 | (100.9) | (75.1) | (59.3) | 203.7 | 47.2 | (58.8) | 59.0 | (20.1) | 9.1 | (11.6) | 23.8 | 19.3 | (3.6) | (4.7) |
| Cash at Beginning | 150.2 | 75.1 | 176.0 | 251.1 | 310.3 | 106.6 | 59.4 | 118.2 | 59.1 | 79.2 | 70.1 | 81.7 | 8.0 | 1.6 | 5.3 | 10.0 |
| Cash at End | 145.2 | 150.2 | 75.1 | 176.0 | 251.1 | 310.3 | 106.6 | 59.4 | 118.2 | 59.1 | 79.2 | 70.1 | 31.8 | 20.9 | 1.6 | 5.3 |
| Free Cash Flow | 167.3 | 5.9 | 99.7 | 0.2 | 13.3 | 73.3 | 29.5 | 58.8 | 11.7 | 56.9 | 18.5 | 5.1 | (10.8) | 9.7 | 1.5 | 7.2 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||||||
| Revenue | 400.5 | 631.5 | 460.8 | 271.0 | 339.6 | 234.9 | 205.8 | 161.6 | 128.3 | 87.3 | 58.6 | 45.3 | 24.1 | 25.3 | 2.0 | 0.4 |
| Gross Profit | 108.1 | 389.1 | 289.8 | 155.5 | 217.9 | 142.7 | 141.5 | 84.7 | 62.8 | 42.1 | 32.2 | 28.6 | 14.3 | 15.4 | 2.0 | 0 |
| Operating Income | (27.2) | 273.8 | 182.4 | 49.3 | 144.5 | 80.0 | 90.0 | 43.9 | 31.9 | 14.9 | 8.2 | 9.8 | (12.9) | 3.8 | 0 | 14.1 |
| Net Income | 184.5 | 200.0 | 148.8 | 41.5 | 126.6 | 82.4 | 81.6 | 41.6 | 30.9 | 14.7 | 8.0 | 9.6 | (10.5) | 3.8 | (5.0) | 14.1 |
| EPS (Diluted) | 1.41 | 1.62 | 1.42 | 0.45 | 1.51 | 1.10 | 1.24 | 0.75 | 0.57 | 0.32 | 0.21 | 0.43 | -0.68 | 0.25 | -0.33 | 0.93 |
| Balance Sheet | ||||||||||||||||
| Cash & Equivalents | 145.2 | 129.8 | 62.6 | 155.7 | 226.2 | 286.2 | 6.2 | 21.4 | 57.3 | 29.4 | 42.6 | 58.2 | 31.8 | 20.9 | 1.6 | |
| Total Assets | 8,188.0 | 7,080.2 | 6,552.4 | 4,760.1 | 4,148.3 | 3,459.1 | 2,387.3 | 2,154.9 | 2,250.2 | 1,745.9 | 1,469.6 | 1,010.3 | 571.4 | 232.5 | 174.6 | |
| Total Debt | 5,076.4 | 4,399.5 | 4,247.4 | 2,975.3 | 2,492.9 | 2,189.0 | 1,393.0 | 1,241.8 | 1,428.4 | 975.4 | 911.1 | 636.5 | 337.0 | 204.9 | 155.1 | |
| Stockholders' Equity | 2,574.9 | 2,336.8 | 2,092.3 | 1,629.2 | 1,544.7 | 1,203.3 | 936.5 | 801.1 | 639.2 | 570.6 | 428.2 | 269.3 | 146.5 | 19.2 | 16.3 | |
| Cash Flow | ||||||||||||||||
| Operating Cash Flow | 167.3 | 5.9 | 99.7 | 0.2 | 13.3 | 73.3 | 29.5 | 58.8 | 11.7 | 56.9 | 18.5 | 5.1 | (10.8) | 9.7 | 1.5 | 7.2 |
| Capital Expenditure | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (0.1) | (0.2) | (0.1) | 0 |
| Free Cash Flow | 167.3 | 5.9 | 99.7 | 0.2 | 13.3 | 73.3 | 29.5 | 58.8 | 11.7 | 56.9 | 18.5 | 5.1 | (10.8) | 9.7 | 1.5 | 7.2 |