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HA Sustainable Infrastructure Capital, Inc.

(NYSE) HASI

Current Price$38.85
Market Cap$4.91BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2013)+578%
5 Year-8%
1 Year+52%
1 Month+2%
HA Sustainable Infrastructure Capital, Inc. last closing stock price
MetricPriceDate
Last closeUSD 38.402026-07-15
HA Sustainable Infrastructure Capital, Inc. stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week+2.67%USD 37.402026-07-08
1 month+1.56%USD 37.812026-06-15
3 month-3.1%USD 39.632026-04-16
Year to date+24.95%USD 30.732025-12-31
1 year+52.45%USD 25.192025-07-15
3 year+73.8%USD 22.092023-07-14
5 year-8.04%USD 41.762021-07-16
Since inception+577.68%USD 5.672013-04-18

HA Sustainable Infrastructure Capital, Inc. Financials at a Glance

Market Cap

$4.91BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$710.03M

Net Income (TTM)

$55.97M

EPS (TTM)

$0.36

P/E Ratio

107.32

Dividend

$1.69

Beta (Volatility)

1.20 (Average)

Price

$38.85

Volume

16,935

Open

$38.25

Previous Close

$38.85

Daily Range

$38.25 - $39.30

52-Week Range

$24.38 - $44.13

Estimated Earnings Date

Aug 6, 2026

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About HA Sustainable Infrastructure Capital, Inc.

HASI helps clean energy companies get the money they need to build projects. It pays for things like solar panels and wind farms that help the planet. These projects create regular income while reducing carbon emissions.

What HASI Invests In

  • Behind the Meter: Local energy projects like home solar and building upgrades that lower power bills; accounts for 52% of the portfolio.
  • Grid-Connected: Large wind and solar farms that plug directly into the main power lines; accounts for 34% of the portfolio.
  • Fuels, Transport, and Nature: Special projects like clean fuel plants, electric car fleets, and restoring natural areas; accounts for 14% of the portfolio.

Growing the Green Portfolio

  • Partnered with an affiliate of Kohlberg Kravis Roberts & Co. L.P. to launch CarbonCount Holdings 1 LLC in 2024.
  • Increased the equity commitment for CarbonCount Holdings 1 LLC to $1.5 billion per investor in 2025.
  • Expanded total closed transactions to $4.3 billion during 2025, up from $2.3 billion in 2024.
  • Achieved a third investment-grade rating from a major agency in 2025 to lower the cost of borrowing money.

What Makes HASI Different

HASI uses a unique tool called CarbonCount to measure exactly how much carbon each investment avoids. The company focuses on long-term relationships with developers rather than competing against them for projects.

The Financial Scorecard

  • Operating cash flow rose to $253.8 million in Q4 2025, up 2180% from a loss of $12.2 million the year before.
  • Managed assets grew to $16.1 billion by the end of 2025, providing a 25% increase in market cap year-over-year.
  • Revenue for Q4 2025 was $114.8 million, down 38.7% from $187.2 million in Q4 2024.
  • Net income fell to a loss of $53.8 million in Q4 2025, down from a profit of $70.1 million in Q4 2024.

Bottom Line

HASI has transitioned from a specialty finance firm into a large-scale investor in the global energy transition. Its focus on long-term cash flows from sustainable infrastructure supports a growing portfolio of climate-positive assets.

AI Generated • Apr 23, 2026

Industry

Diversified Financial Services

Employees

178

CEO

Jeffrey A. Lipson, MBA

Headquarters

Annapolis, MD 21401, US

HASI Financials

Key Financial Metrics (TTM)

Gross Margin

78.65%

Operating Margin

58.15%

Net Income Margin

7.88%

Return on Equity

2.21%

Return on Capital

3.47%

Return on Assets

0.68%

Earnings Yield

0.93%

Dividend Yield

4.40%

Payout Ratio

3.86%

Stock Overview

Market Cap

$4.91BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

127.80M

Volume

16.93K

Avg. Volume

1.05M

Financials (TTM)

Gross Profit

$558.43M

Operating Income

$412.90M

EBITDA

$245.88M

Operating Cash Flow

$233.42M

Capital Expenditure

$0.00

Free Cash Flow

$233.42M

Cash & ST Invst.

$151.50M

Total Debt

$5.35B

HA Sustainable Infrastructure Capital, Inc. Performance Analysis

HA Sustainable Infrastructure Capital, Inc. annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 239,737,00012.5%
20232023-12-31USD 319,871,00033.4%
20242024-12-31USD 383,595,00019.9%
20252025-12-31USD 400,502,0004.4%
HA Sustainable Infrastructure Capital, Inc. sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-3031.6%
Q32025-09-30-6.5%
Q42025-12-31-49.6%
Q12026-03-318.2%
HA Sustainable Infrastructure Capital, Inc. annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD 0.45-70.1%
20232023-12-31USD 1.42215.1%
20242024-12-31USD 1.6214.0%
20252025-12-31USD 1.41-12.9%
HA Sustainable Infrastructure Capital, Inc. sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-3068.2%
Q32025-09-30-17.6%
Q42025-12-31-170.5%
Q12026-03-31-32.6%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q1 2026YOY CHG

Revenue

$124.23M

-32.8%

Gross Profit

$124.23M

+3.3%

Gross Margin

100.00%

N/A

Market Cap

$4.91BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$27.57M

N/A

Employees

178

N/A

Net Income

-$71.97M

-227.1%

EBITDA

-$23.42M

-128.5%

Quarterly Fundamentals

Name
Q1 2026YOY CHG

Total Cash

$151.50M

+124.8%

Total Debt

$5.35B

+13.2%

Accounts Receivable

$3.61B

+18.3%

Inventory

$0.00

N/A

Long Term Debt

$5.34B

+13.0%

Short Term Debt

$8.00M

N/A

Return on Assets

0.68%

N/A

Return on Invested Capital

5.04%

N/A

Free Cash Flow

$21.82M

+158.8%

Operating Cash Flow

$21.82M

+158.8%

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Questions About HASI

What is the current price of HA Sustainable Infrastructure Capital, Inc.?

HA Sustainable Infrastructure Capital, Inc. is trading at $38.85 per share.

What is the 52-week range for HA Sustainable Infrastructure Capital, Inc.?

Over the past 52 weeks, HA Sustainable Infrastructure Capital, Inc. has traded between $24.38 and $44.13.

How much debt does HA Sustainable Infrastructure Capital, Inc. have?

As of the most recent reporting period, HA Sustainable Infrastructure Capital, Inc. reported total debt of $5.35B.

How much cash does HA Sustainable Infrastructure Capital, Inc. have on hand?

HA Sustainable Infrastructure Capital, Inc. reported $151.50M in cash and cash equivalents in its most recent financial results.

What is HA Sustainable Infrastructure Capital, Inc.’s dividend yield?

HA Sustainable Infrastructure Capital, Inc. currently has a dividend yield of 4.40%.

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