HA Sustainable Infrastructure Capital (NYSE:HASI) Releases Quarterly Earnings Results, Beats Expectations By $0.09 EPS

HA Sustainable Infrastructure Capital (NYSE:HASI) posted its quarterly earnings data on Thursday. The real estate investment trust reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.09, FiscalAI reports. HA Sustainable Infrastructure Capital had a return on equity of 12.67% and a net margin of 13.08%.The company had revenue of $124.23 million during the quarter, compared to analysts’ expectations of $112.24 million. HA Sustainable Infrastructure Capital updated its FY 2028 guidance to 3.500-3.600 EPS.

Here are the key takeaways from HA Sustainable Infrastructure Capital’s conference call:

• HASI reported strong Q1 results with adjusted EPS of $0.77, adjusted ROE of 15.7% (the highest quarterly level in company history), and reaffirmed its 2028 guidance of $3.50–$3.60 adjusted EPS and 17% adjusted ROE.
• Investment activity remained robust — Q1 total originations were $637M (with ~$462M to be held on the balance sheet/CCH1), managed assets rose to $16.4B (+13% YoY), and the 12‑month pipeline exceeds $6.5B, keeping HASI on pace for its $2–$3B 2026 origination target.
• Strategic and balance‑sheet moves bolster capital efficiency — HASI launched a $400M minority investment (30%) in the Ameresco joint venture Neogenyx Fuels, issued $1B of long‑duration debt (extending WA maturity to 12.8 years), holds ~$2.3B of liquidity, and issued no ATM shares in Q1 with minimal equity issuance expected in 2026.
• Management flagged external risks and modest asset issues — macro/geopolitical volatility (e.g., Middle East conflict, rising U.S. power prices), private credit market stress, a small HLBV GAAP loss (expected to reverse next quarter), and two receivables moved to Category 2 due to technical/equipment issues, while residential delinquencies show a small uptick though remain within underwriting expectations.

HA Sustainable Infrastructure Capital Stock Performance

HASI stock traded down $1.39 during midday trading on Friday, hitting $41.08. The stock had a trading volume of 1,791,666 shares, compared to its average volume of 899,651. The firm has a market capitalization of $5.28 billion, a price-to-earnings ratio of 117.38, a P/E/G ratio of 1.32 and a beta of 1.47. HA Sustainable Infrastructure Capital has a 52 week low of $24.28 and a 52 week high of $44.13. The stock has a 50-day simple moving average of $38.21 and a 200 day simple moving average of $34.99. The company has a current ratio of 9.20, a quick ratio of 9.20 and a debt-to-equity ratio of 1.94.

HA Sustainable Infrastructure Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Thursday, July 2nd will be given a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Thursday, July 2nd. HA Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is 125.00%.

More HA Sustainable Infrastructure Capital News

Here are the key news stories impacting HA Sustainable Infrastructure Capital this week:

• Positive Sentiment: Royal Bank of Canada raised its price target on HASI from $43 to $48 and reiterated an outperform rating, signaling additional upside from current levels. Benzinga report on RBC price target increase
• Positive Sentiment: The company reported Q1 2026 adjusted EPS of $0.77, topping estimates of $0.68 and rising from $0.64 a year ago, which suggests stronger-than-expected operating performance. Zacks earnings beat article
• Positive Sentiment: HASI lifted its FY 2028 EPS guidance to $3.50-$3.60, above the consensus estimate of $3.18, reinforcing confidence in long-term growth.
• Positive Sentiment: The company declared a quarterly dividend of $0.425 per share, a signal of continued shareholder returns and income appeal for investors. Dividend declaration article
• Positive Sentiment: Management also announced executive appointments, which may support execution as the company scales its sustainable infrastructure platform. Executive appointments press release

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. UBS Group increased their price objective on HA Sustainable Infrastructure Capital from $44.00 to $50.00 and gave the company a “buy” rating in a research report on Friday. The Goldman Sachs Group increased their price objective on HA Sustainable Infrastructure Capital from $33.00 to $38.00 and gave the company a “neutral” rating in a research report on Tuesday, February 17th. Wells Fargo & Company increased their price objective on HA Sustainable Infrastructure Capital from $37.00 to $44.00 and gave the company an “overweight” rating in a research report on Wednesday, February 18th. Mizuho increased their price objective on HA Sustainable Infrastructure Capital from $34.00 to $41.00 and gave the company an “outperform” rating in a research report on Wednesday, March 4th. Finally, Royal Bank Of Canada increased their price objective on HA Sustainable Infrastructure Capital from $43.00 to $48.00 and gave the company an “outperform” rating in a research report on Friday. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $45.90.

Insider Buying and Selling

In related news, Director Jeffrey Eckel sold 134,398 shares of the firm’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $39.23, for a total value of $5,272,433.54. Following the completion of the transaction, the director directly owned 9,050 shares of the company’s stock, valued at $355,031.50. This trade represents a 93.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Cetera Investment Advisers lifted its holdings in shares of HA Sustainable Infrastructure Capital by 0.9% during the fourth quarter. Cetera Investment Advisers now owns 30,998 shares of the real estate investment trust’s stock valued at $974,000 after acquiring an additional 266 shares during the period. Smartleaf Asset Management LLC lifted its holdings in shares of HA Sustainable Infrastructure Capital by 14.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,653 shares of the real estate investment trust’s stock valued at $85,000 after acquiring an additional 336 shares during the period. Man Group plc lifted its holdings in shares of HA Sustainable Infrastructure Capital by 6.0% during the fourth quarter. Man Group plc now owns 6,979 shares of the real estate investment trust’s stock valued at $219,000 after acquiring an additional 395 shares during the period. Stifel Financial Corp lifted its holdings in shares of HA Sustainable Infrastructure Capital by 0.9% during the fourth quarter. Stifel Financial Corp now owns 55,133 shares of the real estate investment trust’s stock valued at $1,733,000 after acquiring an additional 485 shares during the period. Finally, California State Teachers Retirement System lifted its holdings in shares of HA Sustainable Infrastructure Capital by 0.6% during the second quarter. California State Teachers Retirement System now owns 108,266 shares of the real estate investment trust’s stock valued at $2,908,000 after acquiring an additional 687 shares during the period. 96.14% of the stock is owned by institutional investors.

About HA Sustainable Infrastructure Capital

Hannon Armstrong Sustainable Infrastructure Capital, Inc (NYSE: HASI) is a publicly traded real estate investment trust specializing in financing and investing in climate change solutions. Founded in 1988 and headquartered in Annapolis, Maryland, the company provides debt and equity capital to sustainable infrastructure projects across North America. Its mission is to support energy efficiency, renewable energy generation and resilient infrastructure, helping public and private sector clients reduce carbon emissions and achieve long-term environmental goals.

Hannon Armstrong’s core business activities include originating and structuring loans, acquiring debt and equity interests, and managing a diversified portfolio of projects in sectors such as solar energy, wind power, energy storage, green buildings, and sustainable agriculture.