Headquartered in Annapolis, MD Fiscal year ends December NYSE: HASI hasi.com
HA Sustainable Infrastructure Capital (HASI) invests in sustainable infrastructure assets tied to the energy transition. It manages more than $19 billion of assets in three parts: its on-balance-sheet Portfolio, its co-investment vehicle CCH1 and off-balance-sheet securitization trusts.
The Portfolio is about $9.1 billion. It includes equity method investments in renewable energy and energy efficiency projects, often structured as tax equity partnership flips accounted for under HLBV, plus receivables and real estate and debt securities. Assets span Behind-the-Meter (distributed solar and storage, energy efficiency), Grid-Connected (utility-scale solar, storage and onshore wind), Fuels (including RNG), Transportation, and Nature and Other Sustainable Infrastructure.
HASI earns money in three ways:
- Interest and rental income, plus returns from equity method investments.
- Management fees from securitization trusts and from co-investors in CCH1.
- Retained interest income from securitized assets, along with origination fees and gains on asset sales.
It works through long-standing programmatic client partnerships, such as Invenergy. It is funded with senior notes, junior subordinated notes, convertible notes, commercial paper, credit facilities and term loans. HASI also measures avoided carbon emissions with its proprietary CarbonCount score. Updated
A fourth straight EPS beat comes with Managed Assets up 27% to $19 billion, funding the reaffirmed 2028 target of $3.55 to $3.65 in adjusted EPS. A $35 million unrealized gain on a solar servicing platform flattered the quarter, offset by a $21 million loss on a project company now on non-accrual.
Wall Street wrapped a turbulent week with a wave of upgrades and downgrades hitting energy giants, homebuilders, and tech names just ahead of the Labor Day weekend. Find out which stocks analysts…
An article in The Wall Street Journal reported in early May that consumers across the US have had to drastically cut spending on purchases from McDonald’s, Starbucks, and on name brand packaged…
HA Sustainable Infrastructure Capital (HASI) invests in sustainable infrastructure assets tied to the energy transition. It manages more than $19 billion of assets in three parts: its on-balance-sheet Portfolio, its co-investment vehicle CCH1 and off-balance-sheet securitization trusts.
The Wall Street consensus 12-month price target for HASI is $48.57.
