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HA Sustainable Infrastructure Capital, Inc.
HASI · Price history
Price at last available close
$37.52
+$1.70 (+4.75%) 1M
2026-10-29
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Company & revenue
About HA Sustainable Infrastructure Capital, Inc.
Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
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.
How they make money
HASI is an investor in sustainable infrastructure assets that advances the energy transition. The company generates revenue by providing flexible capital and tailored financing solutions to clients, primarily through income-generating real assets supported by long-term recurring cash flows in markets such as grid-connected solar, wind, storage, and energy efficiency.
Products & services
Investment and financing solutions for sustainable infrastructure projects, including utility-scale solar, storage, onshore wind, distributed solar, renewable natural gas (RNG), and energy efficiency projects.
Brands & revenue mix
No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customer types
Customer concentration
No quantified customer-concentration disclosure is available in the current saved research.
Suppliers, materials & equipment
No supplier relationships were confirmed in the sources reviewed. This does not mean the company has no suppliers.
Strengths
Sources
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
22
Poor
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
41
Weak
Financial Strength
38
Business Quality / Moat
48
Management
11
Growth Quality
66
Risk / Durability
55
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
31
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
39/100
Building Historical Record
Model Score 39/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.
The model outlook is currently cautious.
No strong positive signal is being highlighted from the currently available summary data.
- •Elevated debt risk
- •Valuation is a weaker part of the current profile
- •Revenue fundamentals are weak
- •Debt / balance-sheet profile needs attention
Company-specific research
Questions worth answering for HASI
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •Can HASI maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
- •Is HASI's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
- •Is HASI's debt load manageable relative to cash generation, interest costs and upcoming maturities?
- •What future growth or profitability would be needed to justify HASI's current valuation?
Essential Investment Snapshot
Wall Street Score
22
Opportunity Score
31
Market Cap
$4.82B
P/E Ratio
54.3
EPS
$0.66
52-Week High
$44.13
52-Week Low
$27.28
Beta
1.42
Intrinsic Value
$23.96
Analyst Target
$51.00
Shares Outstanding
138.2M
Total Revenue
$462.9M
Total Debt
$5.90B
Dividend Yield (TTM)
4.52%
Liquidation Value / Share
$19.18
Dividend / Share (TTM)
$1.69
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Neutral / mixed momentum
Low movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for HASI
Detected from reported data — verify before acting.Dividend history reported
Dividend payments are recorded. Review the dates and regular/special classification below; past payments do not guarantee future dividends.
Elevated debt risk
Total debt is at least one year of revenue • Interest coverage is below 2x • Cash covers less than 20% of total debt
Community Sentiment
0 active · 0 total callsNo personal call yet on HASI.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Proprietary CarbonCount quantitative impact scoring.
- +Long-standing programmatic client partnerships.
- +Positive free cash flow may provide capacity to invest in growth.
Potential downside factors
- −Debt risk (elevated): Total debt is at least one year of revenue.
- −Interest coverage is below 2x.
- −Cash covers less than 20% of total debt.
- −Interest rate volatility and borrowing cost increases relative to asset yields.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
4 historical score records availablePrevious Score
22
Sep 28, 2026
Change
Unchanged
Current Score
22
Oct 1, 2026
Category Changes
HASI score was unchanged.
Projected Score
Projected Score
24
Projected Change
+1.8 points
Preliminary comparable-period financial changes suggest improvement of approximately 1.8 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
OvervaluedCurrent Price
$37.52
Model Intrinsic Value
$23.96
Difference
+$13.56
+56.6% vs IV
Margin of Safety
-56.6%
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $462.9M | $400.5M | $631.5M | $460.8M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Cost of Revenue | $334.7M | $292.4M | $242.4M | $171.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Gross Profit | $128.2M | $108.1M | $389.1M | $289.8M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Research & Development | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| SG&A Expenses | $144.3M | $123.1M | $32.9M | $31.3M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Expenses | $145.1M | $135.3M | $115.3M | $107.5M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| EBITDA | -$16.2M | -$26.4M | $274.8M | $185.5M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Income | -$17.0M | -$27.2M | $273.8M | $182.4M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Interest Expense | $334.0M | $292.4M | $242.4M | $171.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Before Tax | $137.7M | $273.5M | $273.8M | $182.4M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Tax Expense | $49.4M | $85.2M | $70.2M | $31.6M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Net Income | $86.2M | $184.5M | $200.0M | $148.8M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic EPS | $0.66 | $1.49 | $1.72 | $1.45 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic Shares | 128M | 123M | 116M | 102M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Diluted Shares | 143M | 138M | 131M | 109M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$120.8M
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
$0.92
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
+25.1%
Cash Change
+188.9%
Margin Change
-8.4 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
- Cash position grew
What Weakened
- Margins contracted
- Debt increased
Potential Score Impact
Positive indicators included revenue growth, EPS growth, cash levels. Pressure indicators included debt levels, net income margin. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 41.0%. EPS increased 24.3%. Cash increased 188.9%. Total debt increased 25.1%. Net income margin declined by 8.4 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
Smart Money
Number of Gurus
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Log in to view dividend history.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
4 historical recordsHistorical Score Chart
3 of 4 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
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News
Terradot and HASI Close $34M Investment for Carbon Removal Projects
HASI Announces Third Quarter 2026 Earnings Release Date and Conference Call
HA Sustainable Infrastructure Capital, Inc. $HASI Stock Position Increased by Corient Private Wealth LP
3 Dividend Investing Opportunities To Profit From AI
Rumor Mill · HASI
Corporate developments & opportunities
No reviewed developments match this filter.
The reliability percentage measures the strength of the supporting evidence—not the probability that the event will occur or that the stock will rise. Rumor Mill is separate from the WSS score.
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