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Financial Services - Financial - Diversified - NYSE - US
$ 27.26
0.147 %
$ 3.3 B
Market Cap
25.24
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Jul, 6, 2025.

The intrinsic value of one HASI stock under the worst case scenario is HIDDEN Compared to the current market price of 27.3 USD, Hannon Armstrong Sustainable Infrastructure Capital, Inc. is HIDDEN

This DCF valuation model was last updated on Jul, 6, 2025.

The intrinsic value of one HASI stock under the base case scenario is HIDDEN Compared to the current market price of 27.3 USD, Hannon Armstrong Sustainable Infrastructure Capital, Inc. is HIDDEN

This DCF valuation model was last updated on Jul, 6, 2025.

The intrinsic value of one HASI stock under the best case scenario is HIDDEN Compared to the current market price of 27.3 USD, Hannon Armstrong Sustainable Infrastructure Capital, Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart HASI

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$30.0$30.0$29.0$29.0$28.0$28.0$27.0$27.0$26.0$26.0$25.0$25.0$24.0$24.0$23.0$23.0$22.0$22.015 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '2515 Apr15 AprMay '25May '2515 May15 MayJun '25Jun '2515 Jun15 JunJul '25Jul '25
FINANCIALS
384 M REVENUE
19.92%
274 M OPERATING INCOME
22.11%
204 M NET INCOME
35.07%
5.85 M OPERATING CASH FLOW
-94.13%
-131 M INVESTING CASH FLOW
93.42%
200 M FINANCING CASH FLOW
-88.82%
185 M REVENUE
82.56%
82.1 M OPERATING INCOME
17.62%
58.2 M NET INCOME
-18.41%
-37.1 M OPERATING CASH FLOW
-204.20%
-324 M INVESTING CASH FLOW
-74.71%
294 M FINANCING CASH FLOW
1.83%
Balance Sheet Hannon Armstrong Sustainable Infrastructure Capital, Inc.
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Current Assets 3.03 B
Cash & Short-Term Investments 130 M
Receivables 2.9 B
Other Current Assets 0
Non-Current Assets 3.87 B
Long-Term Investments 3.61 B
PP&E 0
Other Non-Current Assets 256 M
42.01 %52.40 %3.71 %Total Assets$6.9b
Current Liabilities 276 M
Accounts Payable 276 M
Short-Term Debt 0
Other Current Liabilities 0
Non-Current Liabilities 4.4 B
Long-Term Debt 4.34 B
Other Non-Current Liabilities 56 M
5.90 %92.91 %Total Liabilities$4.7b
EFFICIENCY
Earnings Waterfall Hannon Armstrong Sustainable Infrastructure Capital, Inc.
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Revenue 384 M
Cost Of Revenue 81.3 M
Gross Profit 383 M
Operating Expenses 115 M
Operating Income 274 M
Other Expenses 70.2 M
Net Income 204 M
400m400m350m350m300m300m250m250m200m200m150m150m100m100m50m50m00384m(81m)383m(115m)274m(70m)204mRevenueRevenueCost Of RevenueCost Of RevenueGross ProfitGross ProfitOperating ExpensesOperating ExpensesOperating IncomeOperating IncomeOther ExpensesOther ExpensesNet IncomeNet Income
RATIOS
99.74% GROSS MARGIN
99.74%
71.38% OPERATING MARGIN
71.38%
52.15% NET MARGIN
52.15%
8.56% ROE
8.56%
2.83% ROA
2.83%
3.08% ROIC
3.08%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Hannon Armstrong Sustainable Infrastructure Capital, Inc.
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100m100m90m90m80m80m70m70m60m60m50m50m40m40m30m30m20m20m10m10m0020162016201720172018201820192019202020202021202120222022202320232024202420252025
Net Income 204 M
Depreciation & Amortization 1 M
Capital Expenditures 0
Stock-Based Compensation 0
Change in Working Capital -6.5 M
Others -199 M
Free Cash Flow 5.85 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Hannon Armstrong Sustainable Infrastructure Capital, Inc.
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Wall Street analysts predict an average 1-year price target for HASI of $41.8 , with forecasts ranging from a low of $34 to a high of $48 .
HASI Lowest Price Target Wall Street Target
34 USD 24.72%
HASI Average Price Target Wall Street Target
41.8 USD 53.15%
HASI Highest Price Target Wall Street Target
48 USD 76.08%
Price
Max Price Target
Min Price Target
Average Price Target
5050454540403535303025252020Aug '24Aug '24Oct '24Oct '24Nov '24Nov '2420252025Feb '25Feb '25Apr '25Apr '25Jun '25Jun '25Jul '25Jul '25Aug '25Aug '25Oct '25Oct '25Nov '25Nov '2520262026Feb '26Feb '26Apr '26Apr '26Jun '26Jun '26Jul '26Jul '26
4. DIVIDEND ANALYSIS
1.44% DIVIDEND YIELD
0.42 USD DIVIDEND PER SHARE
Q1
Q2
Q3
Q4
1.40001.40001.20001.20001.00001.00000.80000.80000.60000.60000.40000.40000.20000.20000.00000.00000.260.30.39490.260.330.330.3350.340.350.3750.4150.420.260.30.330.330.3350.340.350.350.3750.39490.4150.420.31.080.31.230.331.380.331.000.331.010.331.020.331.060.3351.100.3351.130.340.730.340.760.350.770.3750.380.37530.380.39490.390.3950.400.4150.420.4150.422015201520162016201720172018201820192019202020202021202120222022202320232024202420252025
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5. COMPETITION
slide 2 of 7
6. Ownership
Insider Ownership Hannon Armstrong Sustainable Infrastructure Capital, Inc.
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Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
5.43 M USD 2
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
100 K USD 1
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
HA Sustainable Infrastructure: Rare High Income And Growth Opportunity HASI combines high yield and EPS growth potential, offering rare value for both income and total return investors. The company delivers strong fundamentals, including record investment originations, double-digit investment yields, and robust managed asset growth. Management targets 8-10% annual EPS growth, supported by a solid balance sheet and innovative funding partnerships like CCH1 with KKR. seekingalpha.com - 3 days ago
Excise tax dropped in Senate bill negative for First Solar, says Mizuho Array Technologies +0.685 (+11.65%) Canadian Solar +0.32 (+2.90%) Enlight Renewable +1.03 (+4.53%) Enphase Energy +1.69 (+4.26%) First Solar -0.24 (-0.15%) Fluence Energy +0.32 (+4.77%) GE Vernova -32.27 (-6.10%) HASI +1.005 (+3.74%) Maxeon Solar +0.09 (+2.93%) Nextracker +2.47 (+4.54%) Shoals Technologies +0.74 (+17.43%) SolarEdge +1.81 (+8.88%) Sunrun +0.77 (+9.40%) Bloom Energy -1.49 (-6.24%) 15 Jul 18 Aug 04 Mar https://thefly.com - 6 days ago
My 2 Newest REIT Investments We have sold many investments in recent months. We have then reinvested the proceeds in new opportunities. Here are 2 of our newest investments. seekingalpha.com - 1 week ago
The Dividend Investor's Quick-And-Dirty Guide To The Senate Budget Bill “One Big Beautiful Bill” inches closer to becoming law. It will have an impact on the broader economy, and especially certain specific sectors. Some dividend stocks could be in serious trouble, while others could gain. I share my take as a dividend investor. seekingalpha.com - 1 week ago
HASI Announces Pricing Terms of Cash Tender Offer for 3.375% Senior Notes Due 2026 and 8.00% Green Senior Unsecured Notes Due 2027 ANNAPOLIS, Md.--(BUSINESS WIRE)--HA Sustainable Infrastructure Capital, Inc. (“HASI”) (NYSE: HASI), a leading investor in sustainable infrastructure assets, today announced the pricing terms for the previously announced cash tender offer (the “Tender Offer”) by its indirect subsidiaries, HAT Holdings I LLC, a Maryland limited liability company (“HAT I”) and HAT Holdings II LLC, a Maryland limited liability company (“HAT II,” and together with HAT I, the “Company”) for notes (collectively, the “. businesswire.com - 1 week ago
HASI Announces Early Results and Upsizing of Cash Tender Offer for 3.375% Senior Notes Due 2026 and 8.00% Green Senior Unsecured Notes Due 2027 ANNAPOLIS, Md.--(BUSINESS WIRE)--HA Sustainable Infrastructure Capital, Inc. (“HASI”) (NYSE: HASI), a leading investor in sustainable infrastructure assets, today announced the early results of the previously announced tender offer (the “Tender Offer”) by its indirect subsidiaries, HAT Holdings I LLC, a Maryland limited liability company (“HAT I”) and HAT Holdings II LLC, a Maryland limited liability company (“HAT II,” and together with HAT I, the “Company”), to purchase the outstanding notes l. businesswire.com - 1 week ago
CORRECTING AND REPLACING HASI Prices Offering of $1 Billion of Green Senior Unsecured Notes ANNAPOLIS, Md.--(BUSINESS WIRE)--First paragraph, first sentence of release should read: HA Sustainable Infrastructure Capital, Inc. businesswire.com - 3 weeks ago
HASI Prices Offering of $1 Billion of Green Senior Unsecured Notes ANNAPOLIS, Md.--(BUSINESS WIRE)--HA Sustainable Infrastructure Capital, Inc. (“HASI,” “our,” “we,” or the “Company”) (NYSE: HASI), a leading investor in sustainable infrastructure assets, announced that yesterday, on June 12, 2025, it priced its registered public offering of $600.0 million in aggregate principal amount of 6.15% green senior unsecured notes due 2031 and $400.0 million in aggregate principal amount of 6.75% green senior unsecured notes due 2034. At issuance, the Notes will be gua. businesswire.com - 3 weeks ago
HASI Announces Cash Tender Offer for up to $500 Million Aggregate Principal Amount of 3.375% Senior Notes Due 2026 and 8.00% Green Senior Unsecured Notes Due 2027 ANNAPOLIS, Md.--(BUSINESS WIRE)--HA Sustainable Infrastructure Capital, Inc. (“HASI”) (NYSE: HASI), a leading investor in sustainable infrastructure assets, today announced that its wholly-owned subsidiaries HAT Holdings I LLC, a Maryland limited liability company (“HAT I”) and HAT Holdings II LLC, a Maryland limited liability company (“HAT II,” and together with HAT I, the “Company”) commenced a cash tender offer (the “Tender Offer”) to purchase the outstanding notes listed in the table below. businesswire.com - 3 weeks ago
HASI Receives Ratings Upgrade from S&P Global Ratings ANNAPOLIS, Md.--(BUSINESS WIRE)---- $HASI--HA Sustainable Infrastructure Capital, Inc. (“HASI,” “We,” “Our,” or the “Company”) (NYSE: HASI), a leading investor in sustainable infrastructure assets, today announced it has received an investment grade credit rating of BBB- from S&P Global Ratings (“S&P”). On June 11, 2025, S&P upgraded HASI's corporate and issuer credit ratings to BBB- from BB+ with a stable outlook. The Company has maintained an investment grade credit rating of BBB- from Fitc. businesswire.com - 3 weeks ago
CarbonCount Holdings 1 LLC to Issue $592 Million of 20-Year Fixed Rate Senior Unsecured Notes 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 agreed to issue $592 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. businesswire.com - 4 weeks ago
4 Dividend Stocks I'm Buying As The 'Big Beautiful Bill' Takes Its Toll The recent market selloff in dividend stocks, especially REITs and utilities, presents attractive buying opportunities despite broader indices holding up. The House budget bill's rapid rollback of clean energy tax credits triggered a sharp selloff in renewables, but I see this as a long-term buying opportunity. I remain optimistic about renewables due to resilient demand, potential Senate moderation, and likely reinstatement of subsidies if Democrats regain power. seekingalpha.com - 1 month ago
8. Profile Summary

Hannon Armstrong Sustainable Infrastructure Capital, Inc. HASI

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COUNTRY US
INDUSTRY Financial - Diversified
MARKET CAP $ 3.3 B
Dividend Yield 1.44%
Description Hannon Armstrong Sustainable Infrastructure Capital, Inc. provides capital and services to the energy efficiency, renewable energy, and other sustainable infrastructure markets in the United States. The company's projects include building or facility that reduce energy usage or cost through the use of solar generation and energy storage or energy efficiency improvements, including heating, ventilation, and air conditioning systems (HVAC), as well as lighting, energy controls, roofs, windows, building shells, and/or combined heat and power systems. It also focuses in the areas of grid connected projects that deploy cleaner energy sources, such as solar and wind to generate power; and other sustainable infrastructure projects, including upgraded transmission or distribution systems, water and storm water infrastructures, and other projects. The company qualifies as a real estate investment trust for U.S. federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was founded in 1981 and is headquartered in Annapolis, Maryland.
Contact 1906 Towne Centre Boulevard, Annapolis, MD, 21401 https://www.hannonarmstrong.com
IPO Date April 18, 2013
Employees 153
Officers Aaron Chew Head of IR Mr. Charles W. Melko CPA Executive Vice President, Chief Financial Officer Ms. Michelle E. Whicher Chief Accounting Officer Mr. Steven L. Chuslo Esq. Executive Vice President, General Counsel, Chief Legal Officer & Secretary Mr. Marc T. Pangburn C.F.A. EVice President, Chief Revenue & Strategy Officer Mr. Daniel Kevin McMahon C.F.A. Senior Managing Director of Syndications Ms. Katherine McGregor-Dent Senior Vice President & Chief Human Resources Officer Mr. Jeffrey A. Lipson President, Chief Executive Officer & Director Mr. Nathaniel J. Rose C.F.A., CPA Senior Managing Director of Investments Ms. Susan D. Nickey CFA Executive Vice President & Chief Client Officer