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

HA Sustainable Infrastructure Capital (NYSE:HASI) announced its quarterly earnings results on Thursday. The real estate investment trust reported $0.75 earnings per share (EPS) 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 HA Sustainable Infrastructure Capital stock traded up $2.48 during trading on Friday, reaching $40.72. The company’s stock had a trading volume of 1,853,042 shares, compared to its average volume of 829,837. HA Sustainable Infrastructure Capital has a 52-week low of $24.42 and a 52-week high of $44.13. The company has a market cap of $5.23 billion, a price-to-earnings ratio of 14.79, a PEG ratio of 1.20 and a beta of 1.43. The firm’s 50-day moving average is $38.53 and its two-hundred day moving average is $38.20. The company has a quick ratio of 12.10, a current ratio of 12.10 and a debt-to-equity ratio of 2.12.

HA Sustainable Infrastructure Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Friday, October 2nd will be issued 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 is Friday, October 2nd. HA Sustainable Infrastructure Capital’s payout ratio is presently 485.71%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of HASI. iSAM Funds UK Ltd bought a new stake in shares of HA Sustainable Infrastructure Capital in the 3rd quarter valued at about $27,000. Triumph Capital Management bought a new position in HA Sustainable Infrastructure Capital during the 4th quarter worth approximately $29,000. Northwestern Mutual Wealth Management Co. increased its stake in HA Sustainable Infrastructure Capital by 101.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,937 shares of the real estate investment trust’s stock worth $61,000 after purchasing an additional 977 shares during the period. Quadrant Capital Group LLC purchased a new position in HA Sustainable Infrastructure Capital in the 3rd quarter worth approximately $72,000. Finally, Smartleaf Asset Management LLC lifted its position in 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 valued at $85,000 after purchasing an additional 336 shares during the last quarter. 96.14% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on HASI shares. UBS Group increased their target price on shares of HA Sustainable Infrastructure Capital from $50.00 to $51.00 and gave the stock a “buy” rating in a research note on Friday. JPMorgan Chase & Co. increased their price objective on HA Sustainable Infrastructure Capital from $50.00 to $51.00 and gave the stock an “overweight” rating in a research report on Friday. Wells Fargo & Company lifted their price objective on HA Sustainable Infrastructure Capital from $44.00 to $46.00 and gave the company an “overweight” rating in a research note on Tuesday, May 12th. Weiss Ratings restated a “hold (c)” rating on shares of HA Sustainable Infrastructure Capital in a research report on Wednesday, May 13th. Finally, Royal Bank Of Canada upped their target price on HA Sustainable Infrastructure Capital from $43.00 to $48.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, HA Sustainable Infrastructure Capital has a consensus rating of “Moderate Buy” and an average target price of $47.10.

More HA Sustainable Infrastructure Capital News

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.