HASI (HASI) AI Stock Analysis

• Market Cap: $3.59B
• Dividend Yield: 5.87%
• Average Volume (3M): 1.23M
• Price to Earnings (P/E): 19.1
• Beta (1Y): 0.69
• Revenue Growth: 4.91%
• EPS Growth: 29.86%
• Country: US
• Employees: 153
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Diversified
• EPS (TTM): 0.80
• Shares Outstanding: 123,906,190
• 10 Day Avg. Volume: 1,055,129
• 30 Day Avg. Volume: 1,234,242
• PEG Ratio: 0.83
• Price to Book (P/B): 1.33
• Price to Sales (P/S): 8.08
• P/FCF Ratio: 529.76
• Enterprise Value/Market Cap: 0.00
• Enterprise Value/Revenue: 0.00
• Enterprise Value/Gross Profit: 0.00
• Enterprise Value/Ebitda: 0.00
• 1Y Price Target: $40.00
• Price Target Upside: 40.11% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 11
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 81 Outperform
• Price Target: $37.00 ▲(29.60% Upside)

HASI's strong financial performance, robust technical indicators, and attractive valuation are the primary drivers of its high score. The positive sentiment from the earnings call further enhances the outlook, despite some challenges related to debt costs and interest rate dependencies.

Positive Factors

Revenue Growth

Strong revenue growth indicates effective business operations and increasing market demand, supporting long-term financial stability.

Investment Growth

Significant investment growth enhances HASI's market position and potential for future revenue, reflecting strategic expansion in sustainable projects.

Strong Managed Assets Growth

Growth in managed assets strengthens HASI's financial foundation and ability to generate stable returns, supporting long-term business resilience.

Negative Factors

Higher Cost of Debt

Rising debt costs can pressure profit margins and cash flow, potentially limiting financial flexibility and investment capacity over time.

Dependency on Interest Rate Environment

Dependence on interest rate strategies exposes HASI to market volatility, which could impact profitability and financial planning.

Cash Flow Constraints

Declining free cash flow may hinder HASI's ability to fund new projects and manage operational costs, affecting long-term growth potential.

HASI Business Overview & Revenue Model

Company Description

HASI (Hannon Armstrong Sustainable Infrastructure Capital, Inc.) is a leading investment firm focused on providing capital to sustainable infrastructure projects in the United States. The company primarily operates in the renewable energy, energy efficiency, and sustainable infrastructure sectors, offering financing solutions that support projects aimed at reducing carbon emissions and promoting sustainability. HASI's core services include providing debt and equity financing, as well as advisory services for projects that enhance energy efficiency and incorporate renewable energy technologies.

How the Company Makes Money

HASI generates revenue through its investment activities, primarily by earning interest on loans and returns on equity investments in sustainable infrastructure projects. The company focuses on long-term contracts with cash flows that are often backed by government incentives, power purchase agreements, or similar arrangements, which provide stable and predictable income. Key revenue streams include interest income from project financing, fees from advisory services, and gains from the sale of investments. HASI also benefits from partnerships with various stakeholders in the energy and infrastructure sectors, including government agencies, private companies, and non-profits, which help to expand its project pipeline and enhance its market presence.

HASI Financial Statement Overview

Summary

HASI demonstrates strong revenue growth and profitability with impressive margins. The balance sheet is solid, reflecting a robust equity position and an absence of debt, enhancing financial stability. However, the cash flow situation reflects areas needing attention, particularly in sustaining free cash flow growth.

Income Statement

HASI has shown a solid improvement in revenue, with a 19.89% growth from the previous year. The gross profit margin is strong at 78.83%, and the net profit margin is robust at 52.14%. EBIT and EBITDA margins both stand at an impressive 70.21%. The company demonstrates strong profitability metrics, indicating efficient operations, although the historical negative gross profit figures call for careful future analysis.

Balance Sheet

The balance sheet reflects a strong equity position with an equity ratio of 33.96%, indicating a stable financial structure. HASI has no total debt as of the latest report, significantly improving its debt-to-equity ratio, which is now zero. The return on equity (ROE) is healthy at 8.32%, suggesting effective use of equity capital. The company’s financial stability is bolstered by the absence of debt, but historical leverage must be monitored.

Cash Flow

Cash flow analysis reveals a significant decrease in free cash flow from the previous year, impacting the growth rate negatively. However, the operating cash flow to net income ratio is positive at 0.03, and the free cash flow to net income ratio is manageable at 0.03. Overall, the cash flow position shows potential for improvement despite current constraints.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	453.88M	383.60M	319.87M	239.74M	213.17M	142.69M
Gross Profit	353.54M	302.28M	255.53M	155.47M	217.88M	104.92M
EBITDA	286.74M	274.83M	185.50M	53.28M	148.31M	0.00
Net Income	205.53M	200.04M	148.84M	41.50M	126.58M	82.42M
Balance Sheet
Total Assets	7.60B	7.08B	6.55B	4.76B	4.15B	3.46B
Cash, Cash Equivalents and Short-Term Investments	86.51M	129.76M	74.63M	155.71M	226.20M	286.25M
Total Debt	4.72B	4.40B	4.23B	2.98B	2.49B	2.16B
Total Liabilities	5.01B	4.68B	4.41B	3.10B	2.58B	2.25B
Stockholders Equity	2.51B	2.34B	2.09B	1.63B	1.54B	1.20B
Cash Flow
Free Cash Flow	52.19M	5.85M	99.69M	230.00K	13.31M	73.28M
Operating Cash Flow	52.19M	5.85M	99.69M	230.00K	13.31M	73.28M
Investing Cash Flow	-700.56M	-131.19M	-1.99B	-592.11M	-703.40M	-831.65M
Financing Cash Flow	590.83M	200.41M	1.79B	516.78M	630.84M	962.12M

HASI Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 28.55
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HASI, the sentiment is Positive. The current price of 28.55 is below the 20-day moving average (MA) of 28.97, below the 50-day MA of 28.94, and above the 200-day MA of 26.92, indicating a bullish trend. The MACD of 0.07 indicates Negative momentum. The RSI at 68.49 is Neutral, neither overbought nor oversold. The STOCH value of 72.13 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HASI.

HASI Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HASI	81 Outperform	$3.59B	19.14	8.52%	5.87%	4.91%	29.86%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
WU	65 Neutral	$2.82B	3.85	97.70%	10.13%	-2.51%	17.47%
AHL	62 Neutral	$3.38B	―	12.50%	―	―	―
GNW	60 Neutral	$3.50B	19.28	―	―	2.26%	150.35%
KMPR	58 Neutral	$2.67B	11.13	9.03%	2.90%	4.51%	-8.29%
HTGC	54 Neutral	$3.29B	10.52	15.21%	10.47%	-15.32%	-12.29%

HASI Corporate Events

HASI’s Earnings Call Highlights Robust Growth and Strategic Investments

HASI’s Earnings Call Reveals Strong Performance and Strategic Growth

HASI Reports Record Q3 Earnings and New Investments

HA Sustainable Infrastructure Capital, Inc. (HASI) is a prominent investor in sustainable infrastructure assets, focusing on sectors such as utility-scale solar, onshore wind, and energy efficiency. The company is known for its expertise in energy markets and financial structuring, providing superior risk-adjusted returns and measurable environmental benefits.

HASI’s Positive Q2 2025 Earnings Call Highlights

HASI’s recent earnings call conveyed a predominantly positive sentiment, underscoring strong performance in the second quarter of 2025. The company celebrated significant achievements in capital raising and pipeline expansion, alongside reaffirming strategic growth targets. Despite a minor dip in adjusted EPS and lower transaction volumes in Q2, the overall outlook remains optimistic.

HASI Reports Strong Q2 2025 Earnings Growth

HA Sustainable Infrastructure Capital, Inc. (HASI) is a prominent investor in sustainable infrastructure assets, focusing on sectors such as utility-scale solar, onshore wind, and energy efficiency. The company is listed on the New York Stock Exchange and is known for its commitment to advancing the energy transition through strategic investments.