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

HA Sustainable Infrastructure Capital (NYSE:HASI) released its quarterly earnings data on Thursday. The real estate investment trust reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.02, FiscalAI reports. 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 net margin of 18.61% and a return on equity of 13.65%. HA Sustainable Infrastructure Capital updated its FY 2026 guidance to 3.550-3.650 EPS.

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

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

HA Sustainable Infrastructure Capital Price Performance

HASI traded up $2.48 during trading on Friday, hitting $40.72. 1,853,042 shares of the stock traded hands, compared to its average volume of 829,837. The business has a 50 day moving average price of $38.53 and a 200 day moving average price of $38.20. The company has a debt-to-equity ratio of 2.12, a current ratio of 12.10 and a quick ratio of 12.10. HA Sustainable Infrastructure Capital has a twelve month low of $24.42 and a twelve month high of $44.13. The company has a market cap of $5.23 billion, a price-to-earnings ratio of 76.83, a PEG ratio of 1.13 and a beta of 1.43.

HA Sustainable Infrastructure Capital Dividend Announcement

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

Key HA Sustainable Infrastructure Capital News

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

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

Hedge Funds Weigh In On HA Sustainable Infrastructure Capital

Institutional investors have recently added to or reduced their stakes in the stock. T. Rowe Price Investment Management Inc. grew its stake 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. Invesco Ltd. lifted its holdings in HA Sustainable Infrastructure Capital by 20.5% during the 4th quarter. Invesco Ltd. now owns 1,656,700 shares of the real estate investment trust’s stock worth $52,070,000 after buying an additional 281,778 shares during the period. Mercer Global Advisors Inc. ADV acquired a new position in HA Sustainable Infrastructure Capital during the 4th quarter worth about $218,000. Millennium Management LLC grew its position in shares of HA Sustainable Infrastructure Capital by 88.1% in the 4th quarter. Millennium Management LLC now owns 82,118 shares of the real estate investment trust’s stock valued at $2,581,000 after buying an additional 38,464 shares during the last quarter. Finally, Man Group plc increased its stake in shares of HA Sustainable Infrastructure Capital by 6.0% in the fourth quarter. Man Group plc now owns 6,979 shares of the real estate investment trust’s stock valued at $219,000 after buying an additional 395 shares during the period. 96.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently commented on HASI. UBS Group lifted their price target on HA Sustainable Infrastructure Capital from $50.00 to $51.00 and gave the stock a “buy” rating in a report on Friday. Royal Bank Of Canada raised their price objective on HA Sustainable Infrastructure Capital from $43.00 to $48.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Citigroup lifted their target price on HA Sustainable Infrastructure Capital from $36.00 to $50.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Weiss Ratings reissued a “hold (c)” rating on shares of HA Sustainable Infrastructure Capital in a report on Wednesday, May 13th. Finally, JPMorgan Chase & Co. increased their price target on HA Sustainable Infrastructure Capital from $50.00 to $51.00 and gave the company an “overweight” rating in a research note on Friday. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.10.

HA Sustainable Infrastructure Capital Company Profile

Hannon Armstrong Sustainable Infrastructure Capital, Inc (NYSE: HASI) is a publicly traded real estate investment trust specializing in financing and investing in climate change solutions. Founded in 1988 and headquartered in Annapolis, Maryland, the company provides debt and equity capital to sustainable infrastructure projects across North America. Its mission is to support energy efficiency, renewable energy generation and resilient infrastructure, helping public and private sector clients reduce carbon emissions and achieve long-term environmental goals.

Hannon Armstrong’s core business activities include originating and structuring loans, acquiring debt and equity interests, and managing a diversified portfolio of projects in sectors such as solar energy, wind power, energy storage, green buildings, and sustainable agriculture.