HA Sustainable Infrastructure Capital (NYSE:HASI) Posts Earnings Results, Beats Expectations By $0.02 EPS

HA Sustainable Infrastructure Capital (NYSE:HASI) issued its quarterly earnings data on Thursday. The real estate investment trust reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.02, FiscalAI reports. HA Sustainable Infrastructure Capital had a return on equity of 13.65% and a net margin of 18.61%.The business had revenue of $120.79 million during the quarter, compared to the consensus estimate of $111.95 million. 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 Price Performance

Shares of HA Sustainable Infrastructure Capital stock traded up $2.48 during trading on Friday, hitting $40.72. The stock had a trading volume of 1,853,042 shares, compared to its average volume of 829,837. The company has a debt-to-equity ratio of 2.12, a current ratio of 12.10 and a quick ratio of 12.10. The firm has a market cap of $5.23 billion, a P/E ratio of 76.83, a PEG ratio of 1.13 and a beta of 1.43. The business has a fifty day moving average of $38.53 and a two-hundred day moving average of $38.20. HA Sustainable Infrastructure Capital has a fifty-two week low of $24.42 and a fifty-two week high of $44.13.

HA Sustainable Infrastructure Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Friday, October 2nd will be paid a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend is Friday, October 2nd. HA Sustainable Infrastructure Capital’s payout ratio is currently 485.71%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of HASI. T. Rowe Price Investment Management Inc. boosted its position in shares of HA Sustainable Infrastructure Capital by 24.1% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 6,604,443 shares of the real estate investment trust’s stock valued at $207,578,000 after purchasing an additional 1,282,466 shares in the last quarter. Invesco Ltd. raised its holdings in shares of HA Sustainable Infrastructure Capital by 20.5% in the 4th quarter. Invesco Ltd. now owns 1,656,700 shares of the real estate investment trust’s stock worth $52,070,000 after purchasing an additional 281,778 shares in the last quarter. Mercer Global Advisors Inc. ADV acquired a new stake in HA Sustainable Infrastructure Capital during the fourth quarter valued at approximately $218,000. Millennium Management LLC lifted its stake in HA Sustainable Infrastructure Capital by 88.1% during the fourth quarter. Millennium Management LLC now owns 82,118 shares of the real estate investment trust’s stock valued at $2,581,000 after purchasing an additional 38,464 shares during the last quarter. Finally, Man Group plc lifted its stake in 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 purchasing an additional 395 shares during the last quarter. 96.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on HASI shares. UBS Group lifted their target price on HA Sustainable Infrastructure Capital from $50.00 to $51.00 and gave the company a “buy” rating in a research note on Friday. Morgan Stanley raised their price target on HA Sustainable Infrastructure Capital from $54.00 to $57.00 and gave the company an “overweight” rating in a report on Wednesday, May 27th. Citigroup lifted their price objective on shares of HA Sustainable Infrastructure Capital from $36.00 to $50.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Royal Bank Of Canada upped their price objective on shares of HA Sustainable Infrastructure Capital from $43.00 to $48.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of HA Sustainable Infrastructure Capital in a research report on Wednesday, May 13th. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $47.10.

HA Sustainable Infrastructure Capital News Summary

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

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.