Hannon Armstrong Sustainable Infrastructure Capital Inc
HA Sustainable Infrastructure Capital, Inc. invests in energy efficiency, renewable energy, and other sustainable infrastructure markets in the United States through its subsidiaries. Its portfolio includes equity investments, receivables, and debt securities. The company focuses on climate solutions such as Behind-the-Meter projects that reduce energy cost or usage, Grid-Connected renewable energy projects like solar, solar-plus-storage, and wind, and Fuels, Transport, and Nature assets that reduce emissions or provide environmental benefits beyond the power grid. Formerly known as Hannon Armstrong Sustainable Infrastructure Capital, Inc., it changed its name to HA Sustainable Infrastructure Capital, Inc. in June 2024. Founded in 1981, it is headquartered in Annapolis, Maryland.
HA Sustainable Infrastructure Capital Soars on Earnings Beat and Raised Guidance
HA Sustainable Infrastructure Capital shares jumped 7.5% after the climate investment firm reported second-quarter results that beat expectations and raised its longer-term earnings guidance. Adjusted EPS of $0.75 topped forecasts, up from $0.60 a year ago, while revenue of about $120.8 million rose roughly 17% year over year and beat consensus by a wide margin. Managed assets grew about 20% to $17.6 billion, signaling strong demand for climate-infrastructure capital. Management raised 2028 adjusted EPS guidance to $3.55–$3.65 from $3.50–$3.60 and reiterated a 17%+ adjusted ROE target. The stock closed at $40.66, up 6.7% from the previous close.
HA Sustainable Infrastructure Capital Reports Q2 Results, Affirms Dividend
HA Sustainable Infrastructure Capital reported second quarter results and affirmed its quarterly dividend on August 6, 2026. The stock closed at $40.68, trading at a price-to-earnings ratio of 61.5x, which is significantly above the US diversified financials industry average of 16.9x and a peer average of 7.7x. A Simply Wall St fair P/E model estimates a ratio of 18.2x, suggesting the market is pricing in a much richer earnings outlook. However, a discounted cash flow model from Simply Wall St points to a fair value of $52 per share, indicating the stock may be undervalued based on future cash flow estimates.
HASI · Capital · Neutral Reports Q2 results and affirms dividend, but valuation metrics are mixed with high P/E and DCF fair value suggesting undervaluation.
HASI Secures $2.65 Billion in Sustainability-Linked Credit Facilities
HA Sustainable Infrastructure Capital has entered into a new US$2.25 billion, 5-year unsecured revolving credit facility and a US$400 million, 3-year senior unsecured term loan, both featuring CarbonCount-linked pricing and replacing smaller prior facilities. The expanded financing, which includes improved margins and full participation from 18 existing relationship banks, signals strong lender confidence in the company's credit quality and climate-focused investment strategy. This larger, sustainability-linked credit capacity is expected to enhance funding flexibility and could serve as a catalyst for growth opportunities, including partnerships with Sunrun and Ameresco, though higher leverage and a dividend not fully covered by earnings remain key risks.
HASI · Capital · Positive HASI secured $2.65B in sustainability-linked credit facilities with improved terms, enhancing funding flexibility and signaling lender confidence.
HASI enters $2.65 billion CarbonCount-based credit facilities
HA Sustainable Infrastructure Capital has entered into new CarbonCount-based credit facilities totaling $2.65 billion, reshaping its unsecured funding arrangements ahead of its second quarter 2026 earnings release. The stock closed at $38.42, up 20.74% year to date, with a 50.76% total shareholder return over one year. Its preferred P/E multiple stands at 91 times, well above the US Diversified Financial industry average of 15.9 times and a peer average of 10.4 times, and also above an estimated fair P/E of 19.3 times. A discounted cash flow model, however, estimates a fair value of $51.62 per share, about 25.6% above the current price.
StockStory Highlights IonQ as a Stock to Watch, Questions Hyster-Yale and HA Sustainable Infrastructure
StockStory identifies IonQ as a stock likely to meet or exceed Wall Street's expectations, while questioning the outlook for Hyster-Yale Materials Handling and HA Sustainable Infrastructure Capital. IonQ, a quantum computing company, posted annual revenue growth of 172% over the last two years and is projected to grow revenue by 53.2% in the next 12 months, with an adjusted operating margin improvement of 707.5 percentage points over five years. In contrast, Hyster-Yale faces a 6.5% annual sales decline over two years and a weak free cash flow margin of negative 0.1% over five years, while HA Sustainable Infrastructure Capital's earnings per share growth of 9.7% lagged its revenue growth and its return on equity stands at 5.8%. Wall Street consensus price targets imply returns of 36.3% for IonQ, 43.8% for Hyster-Yale, and 29.1% for HA Sustainable Infrastructure Capital.
Solar Beats Coal for the First Time in U.S. Power Supply
Solar power supplied 12.8% of U.S. grid needs in May, surpassing coal's 12.2% share for the first time, according to recent data. Five years ago, solar accounted for just 5.4% of supply while coal was at 19.7%. The milestone highlights the growing role of renewable energy, with companies like NextEra Energy, Brookfield Renewable Partners, and HA Sustainable Infrastructure Capital positioned to benefit. NextEra Energy offers a 2.8% dividend yield and operates both a regulated utility and a large solar and wind power producer. Brookfield Renewable Partners provides a 4.4% yield from a globally diversified clean energy portfolio, while HA Sustainable Infrastructure Capital yields 4.3% by financing clean energy assets.
NEE · Demand · Positive Solar surpassing coal highlights growing role of renewables, directly benefiting NextEra Energy as a major solar and wind power producer
HASI · Demand · Positive Solar milestone indicates growing demand for clean energy assets, benefiting HA Sustainable Infrastructure Capital which finances such assets
Sixth Street Specialty Lending posts weakest Q1 among specialty finance peers
Sixth Street Specialty Lending reported first-quarter revenues of $93.4 million, down 19.7% year on year and missing analyst estimates by 9.3%, making it the weakest performer among nine tracked specialty finance stocks. The group overall beat revenue consensus by 2.1% but saw average share prices decline 1.5% since reporting. Encore Capital Group led with revenues of $475.4 million, up 21% and beating estimates by 6.5%, while HA Sustainable Infrastructure Capital posted the fastest revenue growth at 31.3% and the largest beat at 43.8%. PROG Holdings met revenue expectations with $742.7 million, up 11.1%, and raised full-year EPS guidance above estimates, sending its stock up 34.3%. Sixth Street Specialty Lending's stock fell 16.9% since its report, the steepest decline among peers.
TSLX · Capital · Negative Sixth Street Specialty Lending reported Q1 revenues down 19.7% and missed estimates by 9.3%, the weakest among peers; stock fell 16.9%.
PRG · Capital · Positive PROG Holdings met revenue expectations and raised full-year EPS guidance above estimates, sending its stock up 34.3%.
ECPG · Capital · Positive Encore Capital Group reported strong Q1 revenues of $475.4M, up 21% and beating estimates by 6.5%.
HASI · Capital · Positive HA Sustainable Infrastructure Capital posted the fastest revenue growth at 31.3% and the largest beat at 43.8%.
HA Sustainable Stock Outlook Balanced by Yield Gains and Cost Risks
HA Sustainable Infrastructure Capital's near-term outlook is balanced as higher portfolio yields and growing recurring income support earnings, while rising expenses, funding costs, and renewable policy uncertainty remain key offsets. The company has deployed capital at yields exceeding 10.5% for eight straight quarters through the first quarter of 2026, lifting its portfolio yield to 9.2%, and adjusted recurring net investment income rose 29% year over year to $101 million. However, total expenses grew at a compound annual rate of 21.7% from 2021 to 2025, and the weighted-average interest rate on its debt increased from 5.8% in 2025 to 6.1% in the first quarter of 2026. Policy uncertainty tied to Foreign Entity of Concern rules and technology-neutral tax credits could also delay deployment from its more than $6.5-billion pipeline. The stock carries a Zacks Rank #3 (Hold), and over the past six months HASI shares have gained 17.5% against the industry's 14.5% decline.
HASI · Capital · Neutral Outlook balanced by higher portfolio yields and growing income offset by rising expenses and funding costs; Zacks Rank #3 (Hold)
HASI Stock Rallies 50% in a Year but Mixed Signals Keep It a Hold
HA Sustainable Infrastructure Capital shares have surged 50.4% over the past year, yet Zacks Investment Research maintains a Hold rating as valuation and funding costs offset earnings momentum. First-quarter adjusted earnings of 77 cents per share rose 20% year over year and beat the consensus estimate of 68 cents, while adjusted recurring net investment income increased 29% to $101 million. Management projects 2028 adjusted EPS of $3.50 to $3.60, and the Zacks Consensus Estimate for 2026 and 2027 earnings has moved higher over the past month. However, the stock trades at 12.35 times forward earnings, above the sub-industry average of 10.11 times but below the finance sector and S&P 500, while price-to-book and price-to-cash-flow ratios exceed industry averages. The weighted-average interest rate on debt rose to 6.1% in the first quarter of 2026 from 5.8% in 2025, and the company carries $5.4 billion of debt against $2.3 billion of available liquidity. HASI pays a quarterly dividend of 42.5 cents per share, yielding about 4.5%, but its Value Score of D, Momentum Score of F, and VGM Score of D temper the Growth Score of B.
United States