ANNAPOLIS, Md. & CHICAGO--(BUSINESS WIRE)--Invenergy, North America’s largest privately held developer, owner and operator of independent power infrastructure, and HA Sustainable Infrastructure Capital, Inc. (“HASI”) (NYSE: HASI), a leading investor in sustainable infrastructure assets, today announced the closing of a strategic equity partnership supporting a 2.7-gigawatt portfolio of select Invenergy projects across the United States, including utility-scale solar, solar-plus-battery storage, and wind projects.
Invenergy will retain control and majority ownership and continue to lead day-to-day operations of the projects. The partnership builds on the companies’ longstanding relationship, supports Invenergy’s continued growth, and reflects growing demand for large-scale, contracted clean energy and storage assets.
The portfolio comprises 10 projects totaling 2.7 GW across six major U.S. power markets and seven states: Arizona, New Mexico, Texas, Arkansas, Indiana, Ohio, and New York. More than 850 MW are currently operating, with the remaining projects expected to come online by the first quarter of 2027. HASI will fund each project as it reaches commercial operation. All projects are backed by long-term agreements with investment-grade offtakers, including corporate, utility, and public-sector entities.
CIBC Capital Markets acted as advisor to Invenergy for this transaction. Sidley Austin LLP served as legal counsel to Invenergy, and Baker McKenzie served as legal counsel to HASI in connection with the transaction.
“The transaction with HASI underscores Invenergy’s industry-leading execution abilities and allows us to recycle capital and support the company’s long-term growth,” said Meghan Schultz, EVP and Chief Financial Officer. “HASI continues to be a great partner as we continue to deploy power infrastructure that meets the needs of our customers and communities.”
“Invenergy is among the most experienced and respected power infrastructure developers in the country, and this portfolio reflects the breadth and quality of its platform,” said HASI Chief Client Officer Susan Nickey. “We are proud to build on our partnership with Invenergy through this investment, pairing Invenergy’s development and operating expertise with HASI’s long-term capital solutions to support energy infrastructure across the United States.”
About Invenergy
Invenergy is North America’s largest privately held developer, owner, and operator of innovative, reliable power infrastructure. Backed by 25 years of trusted execution and operational excellence, Invenergy’s end-to-end expertise provides customers with smart, scalable energy solutions across natural gas, solar, land-based wind, energy storage, transmission, and domestic manufacturing. Headquartered in Chicago, Invenergy and its affiliates have successfully developed over 220 projects totaling more than 36 gigawatts and reliably operates over 20 gigawatts of large-scale power infrastructure projects across four continents.
About HASI
HASI is an investor in sustainable infrastructure assets advancing the energy transition. With more than $17 billion in managed assets, our investments are diversified across multiple asset classes, including utility-scale solar, storage, and onshore wind; distributed solar and storage; RNG; and energy efficiency. We combine deep expertise in energy markets and financial structuring with long-standing programmatic client partnerships to deliver superior risk-adjusted returns and measurable environmental benefits. HA Sustainable Infrastructure Capital, Inc. is listed on the New York Stock Exchange (Ticker: HASI). For more information, please visit hasi.com.
Forward-Looking Statements
Some of the information in this press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. When used in this press release, words such as “believe,” “expect,” “anticipate,” “estimate,” “plan,” “continue,” “intend,” “should,” “may,” “target,” or similar expressions are intended to identify such forward-looking statements. For these statements, HASI claims the protections of the safe harbor for forward-looking statements contained in such Sections. These forward-looking statements include information about possible or projected future results of our business, financial condition, liquidity, results of operations, pipeline, and plans and objectives. Forward-looking statements are subject to significant risks and uncertainties. Investors are cautioned against placing undue reliance on such statements. Actual results may differ materially from those set forth in the forward-looking statements. Factors that could cause actual results to differ materially from those described in the forward-looking statements include those discussed under the caption “Risk Factors” included in HASI’s Annual Report on Form 10-K for the year ended December 31, 2025, as supplemented by its Form 10-K/A, each of which were filed with the U.S. Securities and Exchange Commission (“SEC”), as well as in other reports that HASI files with the SEC. Forward-looking statements are based on beliefs, assumptions and expectations as of the date of this press release. HASI disclaims any obligation to publicly release the results of any revisions to these forward-looking statements reflecting new estimates, events, or circumstances after the date of this press release.
More News From HA Sustainable Infrastructure Capital, Inc.
Amundi lessened its holdings in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI – Free Report) by 1.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,388,998 shares of the real estate investment trust’s stock after selling 33,221 shares during the quarter. Amundi owned 1.86% of HA Sustainable Infrastructure Capital worth $93,393,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also modified their holdings of the company. Groupe la Francaise raised its position in HA Sustainable Infrastructure Capital by 31.3% in the second quarter. Groupe la Francaise now owns 241,208 shares of the real estate investment trust’s stock worth $9,424,000 after acquiring an additional 57,557 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of HA Sustainable Infrastructure Capital during the 2nd quarter worth $324,000. California State Teachers Retirement System boosted its position in shares of HA Sustainable Infrastructure Capital by 3,835.5% during the 2nd quarter. California State Teachers Retirement System now owns 5,761,437 shares of the real estate investment trust’s stock worth $224,984,000 after purchasing an additional 5,615,041 shares in the last quarter. Figure 8 Investment Strategies LLC grew its stake in shares of HA Sustainable Infrastructure Capital by 2.9% during the 2nd quarter. Figure 8 Investment Strategies LLC now owns 43,230 shares of the real estate investment trust’s stock worth $1,688,000 after purchasing an additional 1,228 shares during the period. Finally, Compass Financial Management LLC acquired a new position in shares of HA Sustainable Infrastructure Capital during the 2nd quarter worth $284,000. 96.14% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets Several brokerages recently commented on HASI. Weiss Ratings reiterated a “hold (c)” rating on shares of HA Sustainable Infrastructure Capital in a research note on Friday, August 7th. Morgan Stanley upped their target price on shares of HA Sustainable Infrastructure Capital from $57.00 to $60.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 18th. UBS Group reaffirmed a “neutral” rating and issued a $44.00 target price (down from $51.00) on shares of HA Sustainable Infrastructure Capital in a report on Friday, September 4th. JPMorgan Chase & Co. lifted their price target on shares of HA Sustainable Infrastructure Capital from $50.00 to $51.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. Finally, Mizuho boosted their price target on HA Sustainable Infrastructure Capital from $41.00 to $50.00 and gave the stock an “outperform” rating in a research note on Wednesday. Ten investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $47.60.
Read Our Latest Report on HASI HA Sustainable Infrastructure Capital Stock Down 2.7% Shares of NYSE HASI opened at $38.31 on Thursday. The firm’s 50-day moving average is $39.20 and its two-hundred day moving average is $38.93. The company has a market capitalization of $4.92 billion, a PE ratio of 72.28, a price-to-earnings-growth ratio of 1.27 and a beta of 1.43. HA Sustainable Infrastructure Capital, Inc. has a 12-month low of $27.28 and a 12-month high of $44.13. The company has a debt-to-equity ratio of 2.23, a current ratio of 8.89 and a quick ratio of 8.89.
HA Sustainable Infrastructure Capital (NYSE:HASI – Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.02. HA Sustainable Infrastructure Capital had a net margin of 18.61% and a return on equity of 13.62%. The business had revenue of $120.79 million during the quarter, compared to analysts’ expectations of $111.95 million. HA Sustainable Infrastructure Capital has set its FY 2026 guidance at 3.550-3.650 EPS. Equities analysts anticipate that HA Sustainable Infrastructure Capital, Inc. will post 2.76 EPS for the current fiscal year.
HA Sustainable Infrastructure Capital Announces Dividend The business also recently declared 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. The ex-dividend date of this dividend is Friday, October 2nd. This represents a $1.70 annualized dividend and a yield of 4.4%. HA Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is presently 320.75%.
HA Sustainable Infrastructure Capital Company Profile (Free Report)
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.
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Jupiter Topco LLC acquired a new stake in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 57,405 shares of the real estate investment trust’s stock, valued at approximately $2,244,000.
Several other hedge funds also recently bought and sold shares of HASI. BlackRock Inc. bought a new stake in shares of HA Sustainable Infrastructure Capital during the second quarter worth $834,012,000. T. Rowe Price Investment Management Inc. grew its holdings in shares of HA Sustainable Infrastructure Capital by 24.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 6,604,443 shares of the real estate investment trust’s stock worth $207,578,000 after purchasing an additional 1,282,466 shares during the last quarter. State Street Corp increased its stake in HA Sustainable Infrastructure Capital by 2.0% in the 4th quarter. State Street Corp now owns 5,417,644 shares of the real estate investment trust’s stock worth $172,499,000 after buying an additional 108,376 shares during the period. Alliancebernstein L.P. increased its stake in HA Sustainable Infrastructure Capital by 1,015.5% in the 2nd quarter. Alliancebernstein L.P. now owns 4,356,352 shares of the real estate investment trust’s stock worth $117,012,000 after buying an additional 3,965,832 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in HA Sustainable Infrastructure Capital by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 2,944,810 shares of the real estate investment trust’s stock valued at $92,572,000 after buying an additional 54,898 shares in the last quarter. Institutional investors own 96.14% of the company’s stock.
Analyst Upgrades and Downgrades A number of brokerages have commented on HASI. Weiss Ratings restated a “hold (c)” rating on shares of HA Sustainable Infrastructure Capital in a research note on Friday, August 7th. Bank of America reiterated a “buy” rating on shares of HA Sustainable Infrastructure Capital in a report on Tuesday, August 18th. 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 note on Friday, August 7th. Wells Fargo & Company raised their price objective 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, Morgan Stanley lifted their target price on HA Sustainable Infrastructure Capital from $57.00 to $60.00 and gave the company an “overweight” rating in a research report on Tuesday, August 18th. Eleven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $47.40.
View Our Latest Stock Report on HA Sustainable Infrastructure Capital HA Sustainable Infrastructure Capital Price Performance Shares of HASI stock opened at $39.84 on Friday. HA Sustainable Infrastructure Capital, Inc. has a 1-year low of $27.28 and a 1-year high of $44.13. The stock’s 50-day moving average is $39.24 and its 200 day moving average is $38.93. The company has a market cap of $5.12 billion, a P/E ratio of 75.17, a PEG ratio of 1.29 and a beta of 1.43. The company has a debt-to-equity ratio of 2.23, a current ratio of 8.89 and a quick ratio of 8.89.
HA Sustainable Infrastructure Capital (NYSE:HASI – Get Free Report) last announced its earnings results on Thursday, August 6th. The real estate investment trust reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.02. The business had revenue of $120.79 million during 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 13.62%. HA Sustainable Infrastructure Capital has set its FY 2026 guidance at 3.550-3.650 EPS. Research analysts predict that HA Sustainable Infrastructure Capital, Inc. will post 2.75 earnings per share for the current fiscal year.
HA Sustainable Infrastructure Capital Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Friday, October 2nd will be paid a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Friday, October 2nd. HA Sustainable Infrastructure Capital’s payout ratio is 320.75%.
(Free Report)
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.
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Investors interested in stocks from the Financial - Miscellaneous Services sector have probably already heard of Bread Financial Holdings (BFH) and HA Sustainable Infrastructure Capital (HASI). But which of these two stocks presents investors with the better value opportunity right now?
HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI – Get Free Report) has received an average recommendation of “Moderate Buy” from the thirteen analysts that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $47.40.
Several research firms have recently issued reports on HASI. UBS Group raised 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 report on Friday, August 7th. 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 note on Friday, August 7th. Bank of America reaffirmed a “buy” rating on shares of HA Sustainable Infrastructure Capital in a research note on Tuesday, August 18th. 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 report on Friday, May 8th. Finally, Morgan Stanley increased their target price on HA Sustainable Infrastructure Capital from $57.00 to $60.00 and gave the company an “overweight” rating in a research report on Tuesday, August 18th.
Read Our Latest Analysis on HASI
Institutional Trading of HA Sustainable Infrastructure Capital Several large investors have recently bought and sold shares of the business. Raiffeisen Bank International AG increased its stake in shares of HA Sustainable Infrastructure Capital by 24.7% in the 4th quarter. Raiffeisen Bank International AG now owns 311,710 shares of the real estate investment trust’s stock worth $9,965,000 after acquiring an additional 61,710 shares during the last quarter. California State Teachers Retirement System boosted its position in shares of HA Sustainable Infrastructure Capital by 24.5% during the 1st quarter. California State Teachers Retirement System now owns 146,396 shares of the real estate investment trust’s stock valued at $5,380,000 after acquiring an additional 28,834 shares during the last quarter. Norges Bank purchased a new stake in shares of HA Sustainable Infrastructure Capital in the fourth quarter valued at about $59,561,000. Danske Bank A S acquired a new stake in HA Sustainable Infrastructure Capital during the second quarter worth about $8,038,000. Finally, Rock Point Advisors LLC purchased a new position in HA Sustainable Infrastructure Capital during the fourth quarter worth about $2,199,000. Hedge funds and other institutional investors own 96.14% of the company’s stock. HA Sustainable Infrastructure Capital Price Performance NYSE:HASI opened at $40.07 on Monday. The firm has a market capitalization of $5.15 billion, a price-to-earnings ratio of 75.60, a PEG ratio of 1.29 and a beta of 1.43. The company has a debt-to-equity ratio of 2.23, a current ratio of 8.89 and a quick ratio of 8.89. The business has a 50 day simple moving average of $39.19 and a 200-day simple moving average of $38.86. HA Sustainable Infrastructure Capital has a 1 year low of $27.28 and a 1 year high of $44.13.
HA Sustainable Infrastructure Capital (NYSE:HASI – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.02. The company had revenue of $120.79 million for the quarter, compared to analyst estimates of $111.95 million. HA Sustainable Infrastructure Capital had a return on equity of 13.62% and a net margin of 18.61%.HA Sustainable Infrastructure Capital has set its FY 2026 guidance at 3.550-3.650 EPS. Equities analysts forecast that HA Sustainable Infrastructure Capital will post 2.75 EPS for the current year.
HA Sustainable Infrastructure Capital Dividend Announcement The firm also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Friday, October 2nd will be issued 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 of this dividend is Friday, October 2nd. HA Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is 320.75%.
HA Sustainable Infrastructure Capital Company Profile (Get Free Report)
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.
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I prioritize dividend growth investing, building a core portfolio of select ETFs and high-quality individual stocks for stability and passive income. My approach favors continuity and flexibility, avoiding the risks of abrupt transitions from growth to dividend stocks near retirement. The portfolio centers on seven dividend growth ETFs, balancing moderate yield with robust growth potential and sector diversification.
HA Sustainable Infrastructure Capital is misunderstood due to GAAP accounting noise, masking robust underlying cash generation and portfolio performance. Adjusted EPS guidance for 2028 is $3.55–$3.65, supporting a $1.70 annualized dividend (4.2% yield), with zero equity dilution in 2026 signaling management confidence. HASI stock trades at 11.3x adjusted EPS and 2.05x book, reflecting a discounted valuation for a diversified, investment-grade portfolio with long-duration cash flows.
Avalon Trust Co bought a new position in HA Sustainable Infrastructure Capital, Inc. (NYSE: HASI) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 177,782 shares of the real estate investment trust's stock, valued at approximately $6,942,000. Avalon Trust Co owned approximately
Media Advisory: Neogenyx Fuels and Adams Land & Cattle to Break Ground on Agricultural Renewable Natural Gas Facility in Central Nebraska + GuruFocus.com on
WHAT: Neogenyx Fuels, a premier developer, owner, and operator of advanced fuel solutions, will join Adams Land & Cattle, LLC to break ground on a renewable natural gas (RNG) facility at the Adams Land & Cattle feedlot in Broken Bow, Nebraska. The project marks Neogenyx Fuels' first agricultural RNG facility, converting manure into pipeline-quality RNG through anaerobic digestion for use as a low-carbon transportation fuel and additional energy applications.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260813593000/en/
The facility will utilize eight anaerobic digesters to generate more than 4,400 standard cubic feet per minute (SCFM) of biogas, upgraded into approximately 1.2 million MMBtu per year of pipeline-quality RNG. The project is expected to avoid up to approximately 63,700 metric tons of CO₂ annually, equivalent to the carbon sequestered by approximately 63,800 acres of U.S. Forest for one year, while also supporting job growth and delivering economic and environmental benefits to the surrounding central Nebraska community.
This first-of-its-kind project is a model for how American agriculture could participate in emerging global energy markets, such as alternative maritime fuels. One focus of the event will be the connection between renewable natural gas produced from livestock manure in rural Nebraska and its potential end use as Bio-LNG fuel for the international shipping sector. As global maritime markets increasingly seek lower-carbon fuels, projects like this could create new export opportunities for U.S. agricultural producers while strengthening domestic energy production and rural economic development.
WHEN:
Wednesday, August 26, 2026 — 1:30 PM CT
WHERE:
79691 Rd 438
Broken Bow, NE 68822
KEY ATTENDEES:
NEOGENYX FUELS
Michael Bakas, CEOADAMS LAND & CATTLE
Jerry and Linda Adams, Owners/FoundersBill and Connie Adams, Owners/FoundersAbram Babcock, CEOAMERICAN BIOGAS COUNCIL
Jim Pillen, GovernorPete Ricketts, U.S. SenatorTeresa & Greg Ibach, State Senator & Former Under SecretaryTanya Storer, State SenatorKEY VISUALS:
Official groundbreaking ceremony with state, federal, and local leadersRemarks from Neogenyx Fuels, Adams Land & Cattle, and elected officialsSite tour of the future RNG facility location at the Adams feedlotNeogenyx Fuels and Adams Land & Cattle executives are available for interviewDRESS CODE:
To ensure the safety of all attendees and protect proprietary aspects of the facility, photography and video recording will not be permitted during the Facility Tours, following the groundbreaking.
About Neogenyx Fuels
Neogenyx Fuels is a premier developer, owner, and operator of advanced fuel solutions accelerating the global energy transition. Built on decades of leadership in beneficial use of biogas as a baseload energy resource, Neogenyx Fuels is advancing a new era of technical innovation and capital investment in the next generation of biofuels. Our combination of technical independence, engineering expertise, and operational rigor enables us to deliver resilient energy solutions at scale to communities, utilities, and industries globally. Neogenyx Fuels is forged by two acclaimed industry leaders: Ameresco NYSE:AMRC – a leading energy infrastructure company– and HASI (NYSE:HASI) – a leading investor in sustainable infrastructure assets. Our portfolio spans every phase of project development, construction, and operation with unwavering dedication to safety, reliability, and performance. Drawing on more than 25 years of leadership in electric generation, thermal supply and renewable natural gas, Neogenyx Fuels provides the expertise and innovation our customers need to advance the energy transition. Explore more at www.neogenyxfuels.com.
About ALCC:
Located in Broken Bow, Nebraska, Adams Land & Cattle (ALCC) began in 1945 as a small dairy farm on 300 acres east of Broken Bow. Today, ALCC remains family-owned, but has grown into a multi-location operation with finishing lots in Nebraska and backgrounding locations throughout the United States. Recognized as one of the premier cattle feeding operations in the world, ALCC is a distinguished and innovative leader in agribusiness, providing consistent and quality beef while utilizing best practices to ensure food safety, animal welfare, and environmental stewardship. Learn more about Adams Land & Cattle at www.adamslandandcattle.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260813593000/en/
3 Energy Stocks Built for the AI Power Boom—And BeyondHA Sustainable Infrastructure Capital NYSE: HASI reported second-quarter adjusted earnings per share of $0.75, up 25% from a year earlier, as the company expanded its investment portfolio, generated fee and gain-on-sale income and maintained capital efficiency without issuing shares through its at-the-market program.
President and CEO Jeff Lipson said the company completed more than $1 billion of new investments during the quarter and more than $1.7 billion year to date. Managed assets reached $17.6 billion at quarter-end, a 20% increase from the prior year, while the company’s adjusted return on equity exceeded 15% for the second consecutive quarter.
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Dividend Growth Is Heating Up: 3 Stocks With Steady Payout GainsBased on its first-half performance and outlook for investment activity, fees, portfolio yields and borrowing costs, HASI raised its 2028 adjusted EPS guidance to a range of $3.55 to $3.65, from prior guidance of $3.50 to $3.60. The company reaffirmed its target for adjusted return on equity of more than 17% in 2028.
First-half earnings and investments Chief Financial Officer Chuck Melko said adjusted EPS totaled $1.52 in the first half of 2026, while adjusted earnings rose 31% year over year to $200 million. Adjusted recurring net investment income increased 27% to $208 million in the first half.
5 Highly Rated Dividends With 50% Upside According to AnalystsGain-on-sale revenue reached $39 million, and origination fees and other income rose to $17 million. Melko said HASI expects gain-on-sale revenue for the full year to be similar to the prior-year level.
Closed transactions totaled $1.7 billion in the first half, including $1.4 billion expected to be held on HASI’s balance sheet or through its CCH1 co-investment vehicle. The company said it remains on track to meet its 2026 target of $2 billion to $3 billion in new balance-sheet or CCH1 transactions.
The first-half transactions were diversified and were underwritten at returns above 11%, Melko said, aided in part by the expected return from the company’s NeoGenix investment, which closed in the second quarter.
HASI’s on-balance-sheet portfolio grew 14% year over year to $8.2 billion, while assets held at CCH1 reached $2.9 billion. Melko said the company’s portfolio spans nine asset classes and has recorded an average annual loss rate of less than 10 basis points.
Demand outlook and project activity Lipson said ongoing demand for electricity capacity remains a central driver of investment activity. He characterized renewable energy as a low-cost and relatively fast-to-market option for meeting growing power demand, citing Lazard’s levelized cost of energy analysis and forecasts for renewable additions to the U.S. grid.
The company’s investment pipeline remained above $6.5 billion after more than $1 billion of second-quarter closings. Lipson cited utility-scale renewable demand, rising retail electricity rates, increased battery attachment rates and renewable natural gas development as factors supporting the pipeline.
During the question-and-answer session, Lipson said HASI had not observed systemic delays among its partners or project pipeline, despite investor concerns about possible delays at large projects and data-center-related development. While individual energy projects can experience schedule changes, he said delays had not been a material theme for the company.
HASI also completed funding in July for its $1.2 billion investment in SunZia, a clean-energy infrastructure project developed and majority owned by Pattern Energy. The company announced the investment last November and described SunZia as the largest clean-energy infrastructure project in the Western Hemisphere to date.
Capital platform and margins Management emphasized the company’s access to varied funding sources, including CCH1, investment-grade bonds, junior subordinated debt, commercial paper and its revolving credit facility. HASI recently increased the revolver’s capacity to $2.25 billion and extended its maturity to 2031.
Melko said HASI had $2.2 billion of liquidity at the end of the quarter. The company also consolidated its unsecured term loans into a single $400 million loan due in 2029 and said it does not have a senior note maturity until 2030.
The company’s June debt issuance had an effective cost of 5.6%, according to Melko. He said that absent improved debt spreads and the company’s hedging program, the cost would have been about 6.3% because of higher base rates since its February issuance.
Lipson said HASI has offset roughly 300 basis points of higher base rates since 2021 through a comparable increase in investment returns, while its debt spreads have improved by more than 140 basis points over the period. He said those trends have supported margin and return-on-equity expansion.
Management also highlighted reduced equity issuance as a contributor to capital efficiency. HASI recorded no at-the-market issuance in the second quarter and none so far in 2026, although Melko said the company still expects minimal issuance for the full year.
Co-investment vehicle and diversification Lipson said CCH1 is expected to reach capacity either late this year or, more likely, early next year. HASI is working on a successor vehicle, CCH2, and expects a transition around the time CCH1 reaches capacity. If needed, Lipson said HASI and KKR could increase CCH1’s capacity or the company could retain investments on its own balance sheet.
The company is also seeking to diversify beyond its core wind, solar, storage and renewable natural gas investments. Lipson said transportation investments have grown to more than $325 million cumulatively. HASI also closed its first water infrastructure investment in the third quarter, which Lipson described as an operating wastewater treatment facility with a municipality under contract.
Management said it sees potential opportunities in sustainable agriculture as well. Lipson said new asset classes could provide additional diversification and growth over time, though wind, solar, storage and renewable natural gas are expected to remain the majority of the company’s activity.
About HA Sustainable Infrastructure Capital (NYSE:HASI)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.
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Key Takeaways HASI beat Q2 adjusted EPS estimates as revenues rose 41% y/y. Shares gained 2% after hours.HASI grew managed assets 20% y/y to $17.6B and closed $1.1B of new transactions in the quarter.HASI raised its 2028 adjusted EPS guidance to $3.55-$3.65 while maintaining adjusted ROE of at least 17%. Shares of HA Sustainable Infrastructure Capital, Inc. (HASI - Free Report) gained 2% in the after-market trading following the release of the company’s second-quarter 2026 results. Adjusted earnings of 75 cents per share surpassed the Zacks Consensus Estimate of 73 cents. The bottom line increased 25% year over year.
Results primarily benefited from an increase in revenues. The portfolio activity remained solid during the quarter. However, an increase in expenses hurt the results to some extent.
GAAP net income attributable to controlling stockholders was $128.6 million or 92 cents per share, up from $98.4 million or 74 cents per share in the prior-year quarter.
HASI’s Revenues Improve, Expenses RiseQuarterly total revenues increased 41% year over year to $120.8 million.
Interest and rental income increased 25.3% year over year to $84.5 million, driven by higher yields on investments and investment fundings, while gain on sale of assets increased significantly to $15.8 million.
Management fees and retained interest income was $12.9 million, up 43% from the prior-year quarter. Origination fees and other income increased significantly to $7.6 million.
Total expenses increased 5.2% year over year to $110.9 million. The rise was due to an increase in interest expenses, compensation and benefits costs, and general and administrative costs. However, in the reported quarter, the company recorded a provision benefit on receivables and retained interests in securitization trusts against a loss in the prior-year quarter.
HA Sustainable’s Portfolio Activity RobustAs of June 30, 2026, managed assets totaled $17.6 billion, up 20% from June 30, 2025.
The total portfolio value was $8.2 billion as of June 30, 2026. In the reported quarter, the portfolio yield was 9.2%, up from 8.2% in the prior-year quarter due to the funding of higher-yielding portfolio assets.
In second-quarter 2026, the company closed new transactions totaling $1.1 billion, including $975 million in transactions to be held on its balance sheet or at its co-investment structures.
As of June 30, 2026, HA Sustainable’s pipeline was more than $6.5 billion.
HASI’s Balance Sheet SolidAs of June 30, 2026, cash and cash equivalents were $250 million, and total liquidity was $2.2 billion, including $1.9 billion of unused capacity under the company’s revolving credit facility and commercial paper program.
Total debt outstanding was $5.9 billion as of June 30, 2026. As of the same date, total assets were $8.9 billion, up from $8.2 billion as of Dec. 31, 2025.
HA Sustainable Management’s OutlookThe company raised its adjusted EPS guidance for 2028 to $3.55-$3.65 from $3.50-$3.60.
Management expects adjusted ROE in 2028 to be equal to or more than 17%.
Our View on HASIHA Sustainable is expected to continue to benefit from sustained high-yield investments, growing recurring income streams and ample liquidity, positioning it for durable earnings growth and portfolio expansion. However, rising expenses and funding costs, along with renewable energy policy uncertainty, could slow capital deployment, pressure margins and increase earnings volatility.
Currently, HASI carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of HA Sustainable’s PeersKKR & Co. Inc. (KKR - Free Report) reported second-quarter 2026 adjusted net income per share of $1.63, surpassing the Zacks Consensus Estimate of $1.42. The bottom line rose from $1.18 in the prior-year quarter.
KKR’s results primarily reflected impressive growth in assets under management and transaction fees for the capital markets business. However, an increase in expenses acted as a headwind.
Blackstone’s (BX - Free Report) second-quarter 2026 distributable earnings of $1.52 per share outpaced the Zacks Consensus Estimate of $1.33. The figure jumped 26% from the prior-year quarter.
BX’s results benefited from a rise in AUM and higher revenues. An increase in GAAP expenses was the undermining factor.
ANNAPOLIS, Md.--(BUSINESS WIRE)--HA Sustainable Infrastructure Capital, Inc. (“HASI,” “we,” “our” or the “Company”) (NYSE: HASI), a leading investor in sustainable infrastructure assets, today reported results for the second quarter of 2026. Key Highlights GAAP EPS of $0.92, compared with $0.74 in Q2 2025, and Adjusted EPS of $0.75, compared to $0.60 in Q2 2025. GAAP-based Net Investment Income was $9.9 million in Q2, and Adjusted Recurring Net Investment Income totaled $107 million in Q2, up 2.
HA Sustainable Infrastructure Capital, Inc. (HASI) Q2 2026 Earnings Call August 6, 2026 5:00 PM EDT
Company Participants
Aaron Chew - Head of IR
Jeffrey Lipson - President, CEO & Director
Charles Melko - Treasurer, Senior MD & CFO
Susan Nickey - Senior MD & Chief Client Officer
Conference Call Participants
Jonathan Windham - UBS Investment Bank, Research Division
Ben Kallo - Robert W. Baird & Co. Incorporated, Research Division
Noah Kaye - Oppenheimer & Co. Inc., Research Division
Christopher Dendrinos - RBC Capital Markets, Research Division
Maheep Mandloi - Mizuho Securities USA LLC, Research Division
Presentation
Operator
Greetings, and welcome to HASI's Second Quarter 2026 Earnings Conference Call and Webcast. [Operator Instructions] As a reminder, this conference is being recorded.
It is now my pleasure to introduce your host, Aaron Chew, Senior Vice President of Investor Relations.
Aaron Chew
Head of IR
Thank you, operator, and good afternoon to everyone joining us today for HASI's Second Quarter 2026 Conference Call. Earlier this afternoon, HASI distributed a press release reporting our second quarter 2026 results, a copy of which is available on our website, along with the slide presentation we will be referring to today. This conference call is being webcast live on the Investor Relations page of our website, where a replay will be available later today.
Some of the comments made in this call are forward-looking statements, which are subject to risks and uncertainties described in the Risk Factors section of the company's Form 10-K and other filings with the SEC. Actual results may differ materially from those stated.
Today's discussion also includes some non-GAAP financial measures. A reconciliation of GAAP to non-GAAP financial measures is available in our earnings release and presentation.
Joining us on the call today are Jeff Lipson, the company's President and CEO; as well as Chuck Melko, our Chief Financial Officer. Also
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ANNAPOLIS, Md.--(BUSINESS WIRE)--HA Sustainable Infrastructure Capital, Inc. (“HASI,” “We,” “Our,” or the “Company”) (NYSE: HASI), a leading investor in sustainable infrastructure assets, today announced that the Company will release its second quarter 2026 results after market close on Thursday, August 6, 2026, to be followed by a conference call at 5:00 p.m. (Eastern Time). The conference call can be accessed live over the phone by dialing 1-877-407-0890 (Toll-Free) or +1-201-389-0918 (toll).
ANNAPOLIS, Md.--(BUSINESS WIRE)--HA Sustainable Infrastructure Capital, Inc. (“HASI,” “our,” or the “Company”) (NYSE: HASI), a leading investor in sustainable infrastructure assets, announced that yesterday, on June 15, 2026, it priced its offering of $1 billion in aggregate principal amount of 5.950% green senior unsecured notes due 2033 (the “Notes”). At issuance, the Notes will be guaranteed by Hannon Armstrong Sustainable Infrastructure, L.P., Hannon Armstrong Capital, LLC, HAT Holdings I LLC, HAT Holdings II LLC, HAC Holdings I LLC and HAC Holdings II LLC. The settlement of the Notes is expected to occur on June 24, 2026, subject to customary closing conditions. The Notes will have certain registration rights.
The Company estimates that the net proceeds from the offering of the Notes will be approximately $987 million, after deducting the initial purchasers’ discount and estimated offering expenses. The Company intends to utilize the net proceeds from the offering of the Notes to (i) temporarily repay a portion of the outstanding borrowings under the Company’s unsecured revolving credit facility or (ii) temporarily repay a portion of the outstanding borrowings under the Company’s commercial paper programs. The Company will use cash equal to the net proceeds from the offering to acquire, invest in or refinance, in whole or in part, new and/or existing eligible green projects. These eligible green projects may include projects with disbursements made during the twelve months preceding the issue date of this offering and projects with disbursements to be made within two years following the issue date. Prior to the full investment of an amount equal to such net proceeds in such eligible green projects, we intend to apply the net proceeds as set forth above and to invest any remaining net proceeds in interest-bearing accounts and short-term, interest-bearing securities.
The Notes and the related guarantees are being offered only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and non-U.S. persons outside the United States pursuant to Regulation S under the Securities Act. The Notes and the related guarantees have not been registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent an effective registration statement or an applicable exemption from the registration requirements of the Securities Act or any state securities laws.
This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About HASI
HASI (NYSE: HASI) is an investor in sustainable infrastructure assets advancing the energy transition. With more than $16 billion in managed assets, HASI’s investments are diversified across multiple asset classes, including utility-scale solar, storage, and onshore wind; distributed solar and storage; RNG; and energy efficiency. HASI combines deep expertise in energy markets and financial structuring with long-standing programmatic client partnerships to deliver superior risk-adjusted returns and measurable environmental benefits.
Forward-Looking Statements
Some of the information in this press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. When used in this press release, words such as “believe,” “expect,” “anticipate,” “estimate,” “plan,” “continue,” “intend,” “should,” “may,” “target,” or similar expressions are intended to identify such forward-looking statements. Forward-looking statements are subject to significant risks and uncertainties. Investors are cautioned against placing undue reliance on such statements. Actual results may differ materially from those set forth in the forward-looking statements. Factors that could cause actual results to differ materially from those described in the forward-looking statements include those discussed under the caption “Risk Factors” included in the Company’s Annual Report on Form 10-K (as supplemented by our Form 10-K/A) for the Company’s fiscal year ended December 31, 2025, which were filed with the U.S. Securities and Exchange Commission (“SEC”), as well as in other reports that the Company files with the SEC.
Forward-looking statements are based on beliefs, assumptions and expectations as of the date of this press release. The Company disclaims any obligation to publicly release the results of any revisions to these forward-looking statements reflecting new estimates, events or circumstances after the date of this press release.
More News From HA Sustainable Infrastructure Capital, Inc.
Key Takeaways HASI raised adjusted recurring net investment income 29% to $101 million in first-quarter 2026.HASI grew fee-generating assets about 130% to $1.1 billion and kept a pipeline above $6.5 billion.HASI's average interest rate rose to 6.1%, while policy uncertainty may delay projects. HA Sustainable Infrastructure Capital, Inc. (HASI - Free Report) sits at the intersection of energy transition finance, contracted infrastructure cash flows and third-party capital management.
The company’s recent results show how the model is shifting. HASI is leaning more on recurring investment and fee income, while still navigating higher funding costs and renewable policy uncertainty.
HASI and the Recurring Income ShiftAdjusted recurring net investment income rose 29% year over year to $101 million in the first quarter of 2026. Fee-generating assets increased about 130% to $1.1 billion.
That mix points to a more predictable earnings base. Gains on sale can still contribute, but recurring interest, retained-interest income and management fees give investors a steadier way to evaluate the platform’s earning power.
Clearway Energy, Inc. (CWEN - Free Report) provides one of the closest sector comparisons to HASI, given its ownership of long-term contracted renewable power and storage assets that generate predictable cash flows. Brookfield Renewable Partners L.P. (BEP - Free Report) also provides a useful sector comparison because it operates a large publicly traded renewable power and decarbonization platform across hydroelectric, wind, solar, distributed energy and sustainable solutions.
HA Sustainable and Clean Energy DemandHASI’s pipeline remained above $6.5 billion at the end of the first quarter. The company cited particular strength in grid-connected preferred equity for solar, a sign that project-level capital demand remains active.
Management expects $2-$3 billion of transactions in 2026. That outlook supports the view that clean energy financing remains an investable market, especially for assets with contracted cash flows and established counterparties.
The pipeline also reflects demand across multiple end markets rather than one technology category. Grid-connected projects, Behind-the-Meter assets and Fuels, Transport and Nature investments give HASI several channels for originations.
Why HASI Funding Discipline MattersEnergy transition finance is not just about asset demand. Capital costs increasingly shape returns, especially for specialty finance companies that rely on debt markets, securitizations, co-investments and equity capital.
HASI’s weighted-average interest rate increased from 5.8% in 2025 to 6.1% in the first quarter of 2026. That makes disciplined origination more important because investment yields must remain high enough to protect margins.
The company has been originating investments at yields above 10.5%. Maintaining that level is critical in a higher-cost funding environment, particularly if deployment timing slows or competition changes project economics.
HA Sustainable Faces Policy CrosscurrentsPolicy remains a direct variable for HASI and the broader renewable financing market. Uncertainty around Foreign Entity of Concern rules and technology-neutral tax credits could affect tax equity financing and credit transfers.
Those issues may delay project closings or alter expected returns. For HASI, the risk is less about a single quarter and more about the timing of converting pipeline opportunities into earning assets.
This is an industrywide crosscurrent. Developers need policy clarity, financing partners need dependable project economics and investors need confidence that capital deployment will translate into stable earnings.
What HASI Scores Signal on TrendsHASI’s trend exposure is attractive, but the stock’s screen is not uniformly favorable. The company benefits from recurring income growth and demand for sustainable infrastructure financing, yet funding costs and policy uncertainty keep the near-term outlook more balanced.
The stock currently carries a Zacks Rank #3 (Hold). That suggests investors may need clearer near-term estimate momentum before becoming more constructive on the shares. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for 2026 and 2027 earnings has moved higher over the past month. Management also expects 2028 adjusted EPS of $3.50-$3.60, supporting the view that portfolio growth and recurring fee income can keep earnings moving higher.
Earnings Estimate Revision
Image Source: Zacks Investment Research
The Style Scores show the same split. HASI’s Growth Score of B fits the long-run transition finance and earnings expansion story. Its Value Score of D, Momentum Score of F and VGM Score of D point to weaker broad factor support today, reinforcing a measured stance rather than an outright bullish call.
Over the past six months, HASI shares have gained 17.5%, against the industry’s 14.5% decline.
6-Month Price Performance
Image Source: Zacks Investment Research
Key Takeaways HASI manages $16.4B in sustainable assets spanning solar, storage and restoration.HASI deployed capital above 10.5% for eight straight quarters, lifting portfolio yield to 9.2%.HASI faces rising funding costs, fast-growing expenses and policy uncertainty on tax credits. HA Sustainable Infrastructure Capital, Inc. (HASI - Free Report) offers investors exposure to income-generating sustainable infrastructure tied to solar, storage, efficiency, renewable natural gas, transportation and ecological restoration.
The investment case rests on a balance. Higher portfolio yields and growing recurring income support earnings durability, while expenses, funding costs and renewable policy uncertainty remain key offsets.
How HASI Makes MoneyHA Sustainable is a specialty finance company that invests in sustainable infrastructure assets backed by long-term contracted cash flows. Its portfolio includes equity interests, joint venture interests, receivables, securities, real estate and other financing structures.
The company funds assets through secured and unsecured debt, securitizations, co-investments and equity capital. Its three primary end markets — Behind-the-Meter, Grid-Connected, and Fuels, Transport and Nature — shape origination activity and portfolio mix.
Behind-the-Meter covers distributed solar, storage and efficiency assets for residential, commercial, industrial and community customers. Grid-Connected includes utility-scale renewable energy and storage projects backed by offtake agreements. Fuels, Transport and Nature includes renewable natural gas, fleet decarbonization and ecological restoration.
HA Sustainable Portfolio Growth DriversAs of March 31, 2026, HA Sustainable had managed assets of $16.4 billion, including balance-sheet holdings, fee-generating co-investment assets and assets in securitization trusts. Its on-balance-sheet portfolio totaled $7.6 billion.
That portfolio included $3.8 billion of Behind-the-Meter assets and $2.6 billion of Grid-Connected assets, with the remainder in Fuels, Transport and Nature. This diversification gives HASI exposure to multiple established clean energy markets rather than a single technology cycle.
Clearway Energy, Inc. (CWEN - Free Report) provides one of the closest sector comparisons to HASI, given its ownership of long-term contracted renewable power and storage assets that generate predictable cash flows. Brookfield Renewable Partners L.P. (BEP - Free Report) also provides a useful sector comparison because it operates a large publicly traded renewable power and decarbonization platform across hydroelectric, wind, solar, distributed energy and sustainable solutions.
Why HASI Yield Expansion MattersHA Sustainable has deployed capital at yields exceeding 10.5% for eight straight quarters through the first quarter of 2026. That discipline has lifted the portfolio yield to 9.2%.
The higher yield base matters because recurring earnings are becoming a larger part of the model. In the first quarter of 2026, adjusted recurring net investment income rose 29% year over year to $101 million, while fee-generating assets increased about 130% to $1.1 billion.
Management’s long-term targets do not rely on additional spread compression. That distinction is important in a funding-sensitive business because earnings growth depends more on disciplined origination, portfolio expansion and recurring income than on a favorable rate move alone.
HA Sustainable Risks to WatchExpenses remain a pressure point. Total expenses recorded a compound annual growth rate of 21.7% between 2021 and 2025, reflecting investments in personnel, platform capabilities and third-party capital management initiatives.
Expense Trend
Image Source: Zacks Investment Research
Funding costs are another issue. HA Sustainable’s weighted-average interest rate increased from 5.8% in 2025 to 6.1% in the first quarter of 2026. The company has used fixed-rate borrowings, hedging and a well-laddered maturity profile, but higher borrowing costs still raise the bar for investment yields.
Policy uncertainty also bears watching. Uncertainty tied to Foreign Entity of Concern rules and technology-neutral tax credits could affect tax equity financing, credit transfers, project closings and returns. For a company with tax-advantaged structured equity exposure, prolonged uncertainty could delay deployment from its more than $6.5-billion pipeline.
What HASI Ratings Say NowThe bottom line is that HASI’s outlook is neither one-sided nor static. Higher yields, liquidity and recurring income support the earnings case, but elevated costs, funding pressure and policy uncertainty keep the near-term setup balanced.
The stock currently carries a Zacks Rank #3 (Hold). That rank aligns with a measured near-term view, suggesting investors may want to see continued execution before assigning the stock a more favorable short-term profile. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Style Scores also show a split picture. HASI has a Growth Score of B, but its Value Score of D, Momentum Score of F and VGM Score of D point to weaker broad factor support. For now, the stock’s appeal depends more on portfolio execution, earnings durability and capital discipline than on across-the-board style strength.
Over the past six months, HASI shares have gained 17.5%, against the industry’s 14.5% decline.
6-Month Price Performance
Image Source: Zacks Investment Research
Key Takeaways HASI shares gained 18.9% in six months and 50.4% in the past year.HASI posted 1Q26 adjusted EPS of 77 cents, up 20%, as recurring income climbed 29%.HASI offers a 4.5% yield, but higher debt and funding costs remain risks. HA Sustainable Infrastructure Capital, Inc. (HASI - Free Report) has rallied sharply, with shares up 18.9% in the past six months and 50.4% over the past year.
The buying case rests on recurring earnings growth and higher yields. The caution case centers on valuation, funding costs and whether the company can keep converting its pipeline into profitable earning assets.
Why HASI Bulls See More UpsideHASI’s first-quarter adjusted earnings of 77 cents per share rose 20% year over year and beat the Zacks Consensus Estimate of 68 cents. Adjusted recurring net investment income increased 29% to $101 million, giving bulls a clearer earnings-quality argument.
The Zacks Consensus Estimate for 2026 and 2027 earnings has moved higher over the past month. Management also expects 2028 adjusted EPS of $3.50-$3.60, supporting the view that portfolio growth and recurring fee income can keep earnings moving higher.
Earnings Estimate Revision
Image Source: Zacks Investment Research
HA Sustainable Valuation in ContextHASI trades at 12.35X forward 12-month earnings. That is above the Zacks sub-industry’s 10.11X but below the Zacks Finance sector’s 16.37X and the S&P 500’s 21.65X.
P/E F12M
Image Source: Zacks Investment Research
That split matters. The earnings multiple does not look demanding relative to the broader market, but price/book and price/cash flow ratios are above industry averages, leaving less room for execution missteps.
Apollo Global Management Inc. (APO - Free Report) and Ares Management Corporation (ARES - Free Report) are comparison points in the broader financial-services peer set. Investors weighing HASI’s valuation may compare its yield-driven specialty finance model with other capital-allocation businesses, even though its sustainable infrastructure focus is distinct.
What Could Limit HASI ReturnsThe bear case starts with funding costs. HASI’s weighted-average interest rate increased from 5.8% in 2025 to 6.1% in the first quarter of 2026, reflecting higher-cost hybrid securities and redemption-related expenses.
Higher borrowing costs mean HASI needs to keep originating investments at attractive yields above 10.5% to protect profitability. If yields moderate or deployment slows, margin pressure could make targeted returns harder to achieve.
Debt also limits flexibility. Higher debt obligations could reduce the company’s ability to maneuver if capital markets become less favorable or if policy uncertainty slows project closings.
HA Sustainable Dividend and Balance SheetHASI adds an income component with a quarterly dividend of 42.5 cents per share. The indicated dividend yield is about 4.5%, giving investors a payout while they wait for earnings growth to develop.
The balance sheet cuts both ways. HASI had $5.4 billion of debt outstanding as of March 31, 2026, but also maintained $2.3 billion of available liquidity. That frames the stock as an income-plus-execution story rather than a simple value play.
Liquidity supports debt servicing and portfolio growth. Still, the company must keep matching capital deployment with attractive spreads to justify the recent stock move.
How HASI Screens on ZacksThe bottom line is mixed. HASI has earnings momentum, a sizable pipeline and a dividend yield that may appeal to income-focused investors, but valuation and funding costs argue against chasing the stock without a margin of safety.
The stock currently carries a Zacks Rank #3 (Hold). That rank supports a balanced near-term stance rather than an outright bullish call after strong gains. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Style Scores reinforce that view. HASI’s Growth Score of B fits the earnings expansion narrative, but its Value Score of D, Momentum Score of F and VGM Score of D show weaker factor support across the broader scorecard. For now, the setup favors investors who are comfortable betting on execution and recurring earnings durability, not those looking for a clean value or momentum screen.
Investors looking for stocks in the Financial - Miscellaneous Services sector might want to consider either Intercorp Financial Services Inc. (IFS) or HA Sustainable Infrastructure Capital (HASI). But which of these two stocks offers value investors a better bang for their buck right now?
Boston Common Asset Management LLC reduced its stake in shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI – Free Report) by 7.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 201,915 shares of the real estate investment trust’s stock after selling 17,032 shares during the period. Boston Common Asset Management LLC owned 0.16% of HA Sustainable Infrastructure Capital worth $6,346,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in HASI. Vanguard Group Inc. increased its holdings in HA Sustainable Infrastructure Capital by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 13,989,391 shares of the real estate investment trust’s stock worth $429,474,000 after acquiring an additional 198,441 shares in the last quarter. State Street Corp boosted its position in shares of HA Sustainable Infrastructure Capital by 1.8% in the second quarter. State Street Corp now owns 5,236,202 shares of the real estate investment trust’s stock worth $140,644,000 after purchasing an additional 91,359 shares during the period. Alliancebernstein L.P. boosted its position in shares of HA Sustainable Infrastructure Capital by 1.2% in the third quarter. Alliancebernstein L.P. now owns 4,406,564 shares of the real estate investment trust’s stock worth $135,282,000 after purchasing an additional 50,212 shares during the period. Amundi increased its stake in shares of HA Sustainable Infrastructure Capital by 10.7% in the third quarter. Amundi now owns 2,663,456 shares of the real estate investment trust’s stock worth $81,771,000 after purchasing an additional 256,939 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of HA Sustainable Infrastructure Capital by 18.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,060,698 shares of the real estate investment trust’s stock valued at $63,263,000 after purchasing an additional 323,361 shares during the period. 96.14% of the stock is currently owned by institutional investors.
HA Sustainable Infrastructure Capital Stock Performance HASI opened at $35.81 on Tuesday. The company has a debt-to-equity ratio of 1.94, a quick ratio of 9.20 and a current ratio of 9.20. The stock has a market capitalization of $4.60 billion, a price-to-earnings ratio of 26.33, a PEG ratio of 1.17 and a beta of 1.44. The company has a fifty day moving average of $36.17 and a 200 day moving average of $33.12. HA Sustainable Infrastructure Capital, Inc. has a fifty-two week low of $21.98 and a fifty-two week high of $40.01.
HA Sustainable Infrastructure Capital (NYSE:HASI – Get Free Report) last announced its quarterly earnings results on Thursday, February 12th. The real estate investment trust reported $0.67 EPS for the quarter, hitting the consensus estimate of $0.67. The business had revenue of $114.81 million for the quarter, compared to analysts’ expectations of $28.74 million. HA Sustainable Infrastructure Capital had a net margin of 46.08% and a return on equity of 12.06%. HA Sustainable Infrastructure Capital has set its FY 2028 guidance at 3.500-3.600 EPS. As a group, sell-side analysts forecast that HA Sustainable Infrastructure Capital, Inc. will post 2.45 earnings per share for the current fiscal year.
HA Sustainable Infrastructure Capital Increases Dividend The company also recently declared a quarterly dividend, which will be paid on Friday, April 17th. Investors of record on Thursday, April 2nd will be paid a dividend of $0.425 per share. The ex-dividend date of this dividend is Thursday, April 2nd. This is a boost from HA Sustainable Infrastructure Capital’s previous quarterly dividend of $0.42. This represents a $1.70 dividend on an annualized basis and a yield of 4.7%. HA Sustainable Infrastructure Capital’s dividend payout ratio is currently 123.53%.
Wall Street Analysts Forecast Growth Several brokerages recently weighed in on HASI. The Goldman Sachs Group upped their target price on shares of HA Sustainable Infrastructure Capital from $33.00 to $38.00 and gave the stock a “neutral” rating in a report on Tuesday, February 17th. Weiss Ratings reissued a “hold (c+)” rating on shares of HA Sustainable Infrastructure Capital in a report on Monday, December 29th. Morgan Stanley boosted their price objective on HA Sustainable Infrastructure Capital from $44.00 to $47.00 and gave the company an “overweight” rating in a research report on Tuesday, December 2nd. TD Cowen upped their price objective on HA Sustainable Infrastructure Capital from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Tuesday, February 17th. Finally, Mizuho increased their target price on HA Sustainable Infrastructure Capital from $34.00 to $41.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 4th. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, HA Sustainable Infrastructure Capital has a consensus rating of “Moderate Buy” and an average price target of $43.22.
Check Out Our Latest Stock Report on HA Sustainable Infrastructure Capital
Insider Buying and Selling In other HA Sustainable Infrastructure Capital news, Director Jeffrey Eckel sold 134,398 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $39.23, for a total transaction of $5,272,433.54. Following the completion of the transaction, the director owned 9,050 shares in the company, valued at $355,031.50. This trade represents a 93.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 2.00% of the company’s stock.
About HA Sustainable Infrastructure Capital (Free Report)
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.
Featured Articles Five stocks we like better than HA Sustainable Infrastructure Capital Want to see what other hedge funds are holding HASI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI – Free Report).
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Investors looking for stocks in the Financial - Miscellaneous Services sector might want to consider either Intercorp Financial Services Inc. (IFS - Free Report) or HA Sustainable Infrastructure Capital (HASI - Free Report) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.
There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The proven Zacks Rank emphasizes companies with positive estimate revision trends, and our Style Scores highlight stocks with specific traits.
Currently, Intercorp Financial Services Inc. has a Zacks Rank of #2 (Buy), while HA Sustainable Infrastructure Capital has a Zacks Rank of #3 (Hold). Investors should feel comfortable knowing that IFS likely has seen a stronger improvement to its earnings outlook than HASI has recently. But this is just one piece of the puzzle for value investors.
Value investors also try to analyze a wide range of traditional figures and metrics to help determine whether a company is undervalued at its current share price levels.
The Value category of the Style Scores system identifies undervalued companies by looking at a number of key metrics. These include the long-favored P/E ratio, P/S ratio, earnings yield, cash flow per share, and a variety of other fundamentals that help us determine a company's fair value.
IFS currently has a forward P/E ratio of 9.18, while HASI has a forward P/E of 12.82. We also note that IFS has a PEG ratio of 0.40. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company's expected EPS growth rate. HASI currently has a PEG ratio of 1.11.
Another notable valuation metric for IFS is its P/B ratio of 1.64. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. For comparison, HASI has a P/B of 1.8.
These are just a few of the metrics contributing to IFS's Value grade of B and HASI's Value grade of D.
IFS is currently sporting an improving earnings outlook, which makes it stick out in our Zacks Rank model. And, based on the above valuation metrics, we feel that IFS is likely the superior value option right now.
HA Sustainable Infrastructure Capital (HASI - Free Report) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.
A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.
The power of a changing earnings picture in determining near-term stock price movements makes the Zacks rating system highly useful for individual investors, since it can be difficult to make decisions based on rating upgrades by Wall Street analysts. These are mostly driven by subjective factors that are hard to see and measure in real time.
Therefore, the Zacks rating upgrade for HA Sustainable Infrastructure Capital basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price.
Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. That's partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their transaction of large amounts of shares then leads to price movement for the stock.
Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for HA Sustainable Infrastructure Capital imply an improvement in the company's underlying business. Investors should show their appreciation for this improving business trend by pushing the stock higher.
Harnessing the Power of Earnings Estimate RevisionsAs empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>> .
Earnings Estimate Revisions for HA Sustainable Infrastructure CapitalFor the fiscal year ending December 2026, this provider of financing for sustainable infrastructure projects is expected to earn $2.94 per share, which is unchanged compared with the year-ago reported number.
Analysts have been steadily raising their estimates for HA Sustainable Infrastructure Capital. Over the past three months, the Zacks Consensus Estimate for the company has increased 0.2%.
Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of "buy" and "sell" ratings for its entire universe of more than 4,000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a "Strong Buy" rating and the next 15% get a "Buy" rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.
You can learn more about the Zacks Rank here >>>
The upgrade of HA Sustainable Infrastructure Capital to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
ANNAPOLIS, Md.--(BUSINESS WIRE)--HA Sustainable Infrastructure Capital, Inc. (“HASI,” “We”, “Our,” or the “Company”) (NYSE: HASI), a leading investor in sustainable infrastructure assets, today announced that the Company will release its first quarter 2026 results after market close on Thursday, May 7, 2026, to be followed by a conference call at 5:00 p.m. (Eastern Time). The conference call can be accessed live over the phone by dialing 1-877-407-0890 (Toll-Free) or +1-201-389-0918 (toll). Par.
Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering HA Sustainable Infrastructure Capital (HASI - Free Report) , which belongs to the Zacks Financial - Miscellaneous Services industry.
This provider of financing for sustainable infrastructure projects has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 8.73%.
For the last reported quarter, HA Sustainable Infrastructure Capital came out with earnings of $0.67 per share versus the Zacks Consensus Estimate of $0.66 per share, representing a surprise of 1.52%. For the previous quarter, the company was expected to post earnings of $0.69 per share and it actually produced earnings of $0.8 per share, delivering a surprise of 15.94%.
Price and EPS Surprise
For HA Sustainable Infrastructure Capital, estimates have been trending higher, thanks in part to this earnings surprise history. And when you look at the stock's positive Zacks Earnings ESP (Expected Surprise Prediction), it's a great indicator of a future earnings beat, especially when combined with its solid Zacks Rank.
Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
HA Sustainable Infrastructure Capital currently has an Earnings ESP of +1.03%, which suggests that analysts have recently become bullish on the company's earnings prospects. This positive Earnings ESP when combined with the stock's Zacks Rank #2 (Buy) indicates that another beat is possibly around the corner.
With the Earnings ESP metric, it's important to note that a negative value reduces its predictive power; however, a negative Earnings ESP does not indicate an earnings miss.
Many companies end up beating the consensus EPS estimate, though this is not the only reason why their shares gain. Additionally, some stocks may remain stable even if they end up missing the consensus estimate.
Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
LendingClub (LC - Free Report) came out with quarterly earnings of $0.44 per share, beating the Zacks Consensus Estimate of $0.38 per share. This compares to earnings of $0.1 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +16.56%. A quarter ago, it was expected that this company that connects borrowers and lenders online would post earnings of $0.31 per share when it actually produced earnings of $0.35, delivering a surprise of +12.9%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
LendingClub, which belongs to the Zacks Financial - Miscellaneous Services industry, posted revenues of $252.25 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 0.29%. This compares to year-ago revenues of $217.71 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
LendingClub shares have lost about 7.8% since the beginning of the year versus the S&P 500's gain of 4.7%.
What's Next for LendingClub?While LendingClub has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for LendingClub was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.42 on $261.95 million in revenues for the coming quarter and $1.72 on $1.05 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Miscellaneous Services is currently in the top 32% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, HA Sustainable Infrastructure Capital (HASI - Free Report) , is yet to report results for the quarter ended March 2026. The results are expected to be released on May 7.
This provider of financing for sustainable infrastructure projects is expected to post quarterly earnings of $0.68 per share in its upcoming report, which represents a year-over-year change of +6.3%. The consensus EPS estimate for the quarter has been revised 2.3% higher over the last 30 days to the current level.
HA Sustainable Infrastructure Capital's revenues are expected to be $37.3 million, up 31.1% from the year-ago quarter.
Rithm (RITM - Free Report) came out with quarterly earnings of $0.51 per share, missing the Zacks Consensus Estimate of $0.53 per share. This compares to earnings of $0.52 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -2.86%. A quarter ago, it was expected that this real estate investment trust would post earnings of $0.55 per share when it actually produced earnings of $0.74, delivering a surprise of +34.55%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Rithm, which belongs to the Zacks Financial - Miscellaneous Services industry, posted revenues of $1.38 billion for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 8.84%. This compares to year-ago revenues of $768.38 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Rithm shares have lost about 7.2% since the beginning of the year versus the S&P 500's gain of 4.8%.
What's Next for Rithm?While Rithm has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Rithm was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.59 on $1.26 billion in revenues for the coming quarter and $2.31 on $5.32 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Miscellaneous Services is currently in the top 27% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, HA Sustainable Infrastructure Capital (HASI - Free Report) , has yet to report results for the quarter ended March 2026. The results are expected to be released on May 7.
This provider of financing for sustainable infrastructure projects is expected to post quarterly earnings of $0.68 per share in its upcoming report, which represents a year-over-year change of +6.3%. The consensus EPS estimate for the quarter has been revised 2.3% higher over the last 30 days to the current level.
HA Sustainable Infrastructure Capital's revenues are expected to be $37.3 million, up 31.1% from the year-ago quarter.
Wall Street expects a year-over-year increase in earnings on higher revenues when HA Sustainable Infrastructure Capital (HASI - Free Report) reports results for the quarter ended March 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
The earnings report, which is expected to be released on May 7, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus EstimateThis provider of financing for sustainable infrastructure projects is expected to post quarterly earnings of $0.68 per share in its upcoming report, which represents a year-over-year change of +6.3%.
Revenues are expected to be $37.3 million, up 31.1% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.36% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for HA Sustainable Infrastructure Capital?For HA Sustainable Infrastructure Capital, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +4.72%.
On the other hand, the stock currently carries a Zacks Rank of #2.
So, this combination indicates that HA Sustainable Infrastructure Capital will most likely beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that HA Sustainable Infrastructure Capital would post earnings of $0.66 per share when it actually produced earnings of $0.67, delivering a surprise of +1.52%.
Over the last four quarters, the company has beaten consensus EPS estimates two times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
HA Sustainable Infrastructure Capital appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
An Industry Player's Expected ResultsStoneX Group Inc. (SNEX - Free Report) , another stock in the Zacks Financial - Miscellaneous Services industry, is expected to report earnings per share of $1.6 for the quarter ended March 2026. This estimate points to a year-over-year change of +70.2%. Revenues for the quarter are expected to be $1.36 billion, up 42.7% from the year-ago quarter.
The consensus EPS estimate for StoneX Group has been revised 9.9% higher over the last 30 days to the current level. However, an equal Most Accurate Estimate has resulted in an Earnings ESP of 0.00%.
When combined with a Zacks Rank of #1 (Strong Buy), this Earnings ESP makes it difficult to conclusively predict that StoneX Group will beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates two times.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
ANNAPOLIS, Md. & NEW YORK--(BUSINESS WIRE)--HA Sustainable Infrastructure Capital, Inc. (“HASI”) (NYSE: HASI), a leading investor in sustainable infrastructure assets, and KKR, a leading global investment firm, today announced that CarbonCount Holdings 1 LLC (“CCH1”), a co-investment vehicle between HASI and KKR, has issued $508 million in aggregate principal amount of senior unsecured notes (the “Notes”) in a private offering. The fixed-rate amortizing notes will have a 20-year final maturity.
ANNAPOLIS, Md.--(BUSINESS WIRE)--HA Sustainable Infrastructure Capital, Inc. (“HASI,” “we,” “our” or the “Company”) (NYSE: HASI), a leading investor in sustainable infrastructure assets, today reported results for the first quarter of 2026. Key Highlights GAAP EPS of $(0.57), compared with $0.44 in Q1 2025, and Adjusted EPS of $0.77, compared to $0.64 in Q1 2025. GAAP-based Net Investment Income (Loss) was $(6.9) million in Q1, and Adjusted Recurring Net Investment Income totaled $101 million i.
ANNAPOLIS, Md.--(BUSINESS WIRE)--HA Sustainable Infrastructure Capital, Inc. (“HASI,” “we” or “our”) (NYSE: HASI) today announced executive appointments, effective May 12, 2026. “I am pleased to announce these management changes and promotions as we continue to recruit and retain top talent to drive our ongoing success,” said Jeffrey A. Lipson, President and Chief Executive Officer of HASI. “All of these individuals are accomplished executives with a collaborative approach, and I am extremely c.
HA Sustainable Infrastructure Capital (HASI - Free Report) came out with quarterly earnings of $0.77 per share, beating the Zacks Consensus Estimate of $0.68 per share. This compares to earnings of $0.64 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +13.57%. A quarter ago, it was expected that this provider of financing for sustainable infrastructure projects would post earnings of $0.66 per share when it actually produced earnings of $0.67, delivering a surprise of +1.52%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
HA Sustainable Infrastructure Capital, which belongs to the Zacks Financial - Miscellaneous Services industry, posted revenues of $20.41 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 45.28%. This compares to year-ago revenues of $28.45 million. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
HA Sustainable Infrastructure Capital shares have added about 37.8% since the beginning of the year versus the S&P 500's gain of 7.6%.
What's Next for HA Sustainable Infrastructure Capital?While HA Sustainable Infrastructure Capital has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for HA Sustainable Infrastructure Capital was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.75 on $38.4 million in revenues for the coming quarter and $2.94 on $157.1 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Miscellaneous Services is currently in the top 37% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Burford Capital Limited (BUR - Free Report) , another stock in the same industry, has yet to report results for the quarter ended March 2026. The results are expected to be released on May 8.
This company is expected to post quarterly loss of $1.90 per share in its upcoming report, which represents a year-over-year change of -1457.1%. The consensus EPS estimate for the quarter has been revised 0.9% lower over the last 30 days to the current level.
Burford Capital Limited's revenues are expected to be $124.6 million, up 4.8% from the year-ago quarter.
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HA Sustainable Infrastructure Capital is transitioning from a yield-oriented REIT to a high-return infrastructure financing platform focused on renewable energy and energy transition assets. Despite double-digit earnings growth and >17% ROE guidance by 2028, HASI trades at compressed multiples, presenting a valuation disconnect and upside opportunity. My scenario analysis suggests 25% base case upside if management delivers on EPS guidance, with up to 50% upside in a bull case where the market re-rates the stock.
