HA Sustainable Infrastructure Capital (NYSE:HASI) Posts Earnings Results

HA Sustainable Infrastructure Capital (NYSE:HASI) posted its earnings results on Thursday. The real estate investment trust reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.02, FiscalAI reports. The firm had revenue of $120.79 million for the quarter, compared to the consensus estimate of $111.95 million. HA Sustainable Infrastructure Capital had a net margin of 18.61% and a return on equity of 13.65%. HA Sustainable Infrastructure Capital updated its FY 2026 guidance to 3.550-3.650 EPS.

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

• Second-quarter performance was strong: adjusted EPS rose 25% year over year to $0.75, adjusted recurring net investment income increased 27% to $208 million in the first half, and adjusted ROE exceeded 15% for the second consecutive quarter.
• HASI raised its 2028 adjusted EPS guidance to $3.55-$3.65 from $3.50-$3.60 while maintaining its target for adjusted ROE above 17%, citing stronger investment volumes, margins, capital efficiency, and greater outlook visibility.
• Investment activity remains robust, with more than $1.7 billion closed year to date and a pipeline above $6.5 billion; management reaffirmed its 2026 target of $2-$3 billion in balance-sheet or CCH1 transactions.
• The company reported ample funding capacity, including $2.2 billion of liquidity, a revolver expanded to $2.25 billion and extended to 2031, and lower debt costs supported by improved spreads and hedging. CCH1 is expected to reach capacity around year-end or early 2027, with CCH2 intended to provide a seamless successor.
• One renewable natural gas asset moved to category 2 after construction problems; HASI has taken control and plans to complete and sell the project, but acknowledged that full recovery of its investment is not guaranteed.

HA Sustainable Infrastructure Capital Trading Up 6.5%

Shares of NYSE:HASI traded up $2.48 during trading hours on Friday, hitting $40.72. 1,853,042 shares of the company’s stock traded hands, compared to its average volume of 829,837. The firm has a market capitalization of $5.23 billion, a P/E ratio of 76.83, a price-to-earnings-growth ratio of 1.13 and a beta of 1.43. The business has a fifty day moving average price of $38.53 and a 200-day moving average price of $38.20. HA Sustainable Infrastructure Capital has a 1 year low of $24.42 and a 1 year high of $44.13. The company has a debt-to-equity ratio of 2.12, a current ratio of 12.10 and a quick ratio of 12.10.

HA Sustainable Infrastructure Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Friday, October 2nd will be given a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Friday, October 2nd. HA Sustainable Infrastructure Capital’s payout ratio is 485.71%.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Citigroup increased their price target on shares of HA Sustainable Infrastructure Capital from $36.00 to $50.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Royal Bank Of Canada upped 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, May 8th. JPMorgan Chase & Co. raised their price objective on HA Sustainable Infrastructure Capital from $50.00 to $51.00 and gave the company an “overweight” rating in a research note on Friday. Wells Fargo & Company lifted their target price on HA Sustainable Infrastructure Capital from $44.00 to $46.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. Finally, UBS Group boosted their target price on HA Sustainable Infrastructure Capital from $50.00 to $51.00 and gave the company a “buy” rating in a research report on Friday. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $47.10.

Trending Headlines about HA Sustainable Infrastructure Capital

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

• Positive Sentiment: HASI reported second-quarter EPS of $0.75, exceeding the $0.73 analyst consensus and rising from $0.60 a year earlier. Revenue reached $120.79 million, above the $111.95 million estimate, with reported year-over-year growth of 41%. HASI Tops Q2 Earnings and Revenue Estimates
• Positive Sentiment: Management raised its fiscal 2026 EPS outlook to $3.55-$3.65, substantially above the current analyst consensus of $2.71. The company also increased its 2028 adjusted EPS outlook, reinforcing expectations for continued growth. HASI Gains on Earnings Beat and Higher Outlook
• Positive Sentiment: JPMorgan raised its HASI price target from $50 to $51 and maintained an “overweight” rating, signaling confidence in the company’s earnings outlook and implying additional upside from recent trading levels. JPMorgan Price Target Report
• Positive Sentiment: The REIT declared a quarterly dividend of $0.425 per share, equivalent to an annualized payout of $1.70 and a reported yield of approximately 4.2%. The dividend may support investor interest, although the October 2 ex-dividend date is still ahead.
• Neutral Sentiment: Brokerages broadly rate HASI a “Moderate Buy,” providing additional support for the stock’s positive investor sentiment. HASI Receives Moderate Buy Rating

Institutional Investors Weigh In On HA Sustainable Infrastructure Capital

Institutional investors and hedge funds have recently modified their holdings of the business. iSAM Funds UK Ltd purchased a new position in HA Sustainable Infrastructure Capital during the 3rd quarter valued at $27,000. Triumph Capital Management purchased a new stake in shares of HA Sustainable Infrastructure Capital during the fourth quarter valued at $29,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of HA Sustainable Infrastructure Capital by 101.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,937 shares of the real estate investment trust’s stock valued at $61,000 after purchasing an additional 977 shares during the period. Quadrant Capital Group LLC bought a new position in shares of HA Sustainable Infrastructure Capital in the third quarter worth about $72,000. Finally, Smartleaf Asset Management LLC grew its holdings in shares of HA Sustainable Infrastructure Capital by 14.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,653 shares of the real estate investment trust’s stock worth $85,000 after purchasing an additional 336 shares during the last quarter. 96.14% of the stock is owned by institutional investors.

HA Sustainable Infrastructure Capital Company Profile

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.