HA Sustainable Infrastructure Capital Q4 Earnings Exceed Expectations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3 days ago
0mins
Should l Buy HASI?
Source: seekingalpha
- Earnings Highlights: HA Sustainable Infrastructure Capital reported a Q4 non-GAAP EPS of $0.67, beating expectations by $0.01, with revenue of $114.81 million reflecting a 13.3% year-over-year increase, indicating strong growth potential in the sustainable infrastructure sector.
- Future Outlook: The company anticipates adjusted EPS in the range of $3.50 to $3.60 by 2028, showcasing optimism regarding future profitability, while also expecting an adjusted return on equity exceeding 17%, which further boosts investor confidence.
- Dividend Policy Adjustment: It is projected that annual dividends per share of common stock will decline to less than 50% of annual adjusted EPS by 2028 and below 40% by 2030, a strategy aimed at optimizing capital allocation and supporting long-term growth.
- Market Collaboration: HA Sustainable Infrastructure has launched a $500 million joint venture with Sunrun to finance distributed power development, indicating the company's strategic positioning and intent to expand in the renewable energy market.
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Analyst Views on HASI
Wall Street analysts forecast HASI stock price to rise
13 Analyst Rating
11 Buy
2 Hold
0 Sell
Strong Buy
Current: 35.830
Low
32.00
Averages
40.27
High
50.00
Current: 35.830
Low
32.00
Averages
40.27
High
50.00
About HASI
HA Sustainable Infrastructure Capital, Inc. is an investor in sustainable infrastructure assets advancing the energy transition. The Company’s investments are diversified across multiple asset classes, including utility-scale solar, onshore wind, and storage; distributed solar and storage; renewable natural gas (RNG), and energy efficiency. It partners with clients to deploy real assets that facilitate the energy transition. The Company invests in a variety of asset classes across its three primary climate solutions markets: Behind the Meter; Grid-Connected; and Fuels, Transport, and Nature. Behind the Meter includes residential solar and storage, community solar and commercial and industrial solar, and energy efficiency. Grid-Connected include utility-scale solar, onshore wind, and battery energy storage systems. Fuels, Transport, and Nature include renewable natural gas, fleet decarbonization, and ecological restoration.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
HA Sustainable Infrastructure Capital Declares Quarterly Dividend Increase
- Quarterly Dividend Increase: HA Sustainable Infrastructure Capital has declared a quarterly dividend of $0.425 per share, reflecting a 1.2% increase from the previous dividend of $0.420, demonstrating the company's ongoing commitment to stable cash flow and shareholder returns.
- Yield Performance: The forward yield of 4.74% not only attracts income-seeking investors but also indicates the company's financial health in the current economic environment, reinforcing its appeal in the market.
- Dividend Payment Schedule: The dividend is payable on April 17, with a record date of April 2 and an ex-dividend date also set for April 2, ensuring shareholders receive their returns promptly and enhancing investor confidence.
- Earnings Beat Expectations: In Q4 2025, HA Sustainable Infrastructure Capital reported a non-GAAP EPS of $0.67, beating expectations by $0.01, while revenue reached $114.81 million, exceeding forecasts by $86.07 million, showcasing the company's competitive edge and growth potential.
See More
HASI Reports Record Transactions and Growth in 2025
- Record Transaction Volume: HASI closed $4.3 billion in new transactions in 2025, an 87% increase from 2024, marking the highest transaction volume in the company's history, which strengthens its market position and lays a foundation for future growth.
- Sustained Investment Yield Growth: The yield on new investments exceeded 10.5% for the second consecutive year, driving a 10.2% growth in adjusted EPS to $2.70 per share, demonstrating the company's effectiveness in capital allocation and enhanced profitability.
- Increased Asset Management Revenue: Asset management fees and income reached $49 million in 2025, a 32% increase from the prior year, which not only enhances the company's revenue diversity but also strengthens its competitive edge in the sustainable infrastructure sector.
- Improved Capital Efficiency: The company successfully issued $500 million in junior subordinated hybrid notes, reducing reliance on new equity issuance, thereby enhancing capital efficiency and providing stronger financial support for future expansion.
See More
HA Sustainable Infrastructure Capital Q4 Earnings Exceed Expectations
- Earnings Highlights: HA Sustainable Infrastructure Capital reported a Q4 non-GAAP EPS of $0.67, beating expectations by $0.01, with revenue of $114.81 million reflecting a 13.3% year-over-year increase, indicating strong growth potential in the sustainable infrastructure sector.
- Future Outlook: The company anticipates adjusted EPS in the range of $3.50 to $3.60 by 2028, showcasing optimism regarding future profitability, while also expecting an adjusted return on equity exceeding 17%, which further boosts investor confidence.
- Dividend Policy Adjustment: It is projected that annual dividends per share of common stock will decline to less than 50% of annual adjusted EPS by 2028 and below 40% by 2030, a strategy aimed at optimizing capital allocation and supporting long-term growth.
- Market Collaboration: HA Sustainable Infrastructure has launched a $500 million joint venture with Sunrun to finance distributed power development, indicating the company's strategic positioning and intent to expand in the renewable energy market.
See More
Surging U.S. Electricity Demand Fuels Virtual Power Plant Growth
- Surging Electricity Demand: U.S. electricity demand is surging due to electric vehicles, data centers, and extreme temperatures, leading to increased reliance on variable wind and solar power as traditional coal and gas plants retire faster than replacements can be built.
- Rise of Virtual Power Plants: Utilities are deploying Virtual Power Plants (VPPs) that utilize thousands of small energy resources, including smart thermostats and home batteries, to create a cloud-based network that enhances grid flexibility and reliability during peak demand periods.
- National Grid's Growth Potential: National Grid's ConnectedSolutions program, launched in under four months, now boasts 250 megawatts of peak shaving capacity, with a reported underlying profit of £2.29 billion (approximately $3.1 billion), reflecting a 12% year-over-year increase and highlighting its strong performance amid rising energy demands.
- Sunrun's Market Opportunities: As the largest home-to-grid distributed power plant operator in the U.S., Sunrun's stock has surged over 100% in the past year, reporting $725 million in revenue for Q3, a 35% year-over-year increase, and partnering with HA Sustainable Infrastructure Capital to finance an additional 300 megawatts of capacity, further solidifying its market position.
See More
National Grid and Sunrun's Virtual Power Plant Advantages
- Surging Market Demand: U.S. electricity demand is soaring due to electric vehicles, data centers, and extreme temperatures, prompting utilities to adopt virtual power plants (VPPs) to ensure grid stability as traditional coal and gas plants retire rapidly.
- National Grid's Performance Growth: National Grid's stock has risen nearly 40% over the past year, reporting an underlying profit of £2.29 billion, up 12% year-over-year in its half-year report, reflecting successful implementation in the VPP sector amid strong market demand.
- Sunrun's Expansion Plans: As the largest home-to-grid distributed power plant operator in the U.S., Sunrun has enrolled 106,000 customers in 17 VPP programs and collaborated with three utilities to provide a 500-megawatt VPP, aimed at preventing rolling blackouts during peak times.
- Future Investment Potential: With solar power's share in the U.S. rising from 1% to 8% over the past 15 years, Sunrun's partnership with HA Sustainable Infrastructure Capital is expected to finance an additional 300 megawatts of capacity, further solidifying its market position and driving future growth.
See More
HASI and Sunrun Close $500 Million Joint Venture Financing Agreement
- Joint Venture Financing: The joint venture agreement between HASI and Sunrun involves an investment of up to $500 million, expected to finance over 300 megawatts of distributed energy assets across more than 40,000 home power plants, significantly enhancing the sustainability and reliability of home energy systems.
- Optimized Capital Structure: This innovative financing structure allows HASI to monetize a portion of long-term customer cash flows while enabling Sunrun to retain significant long-term ownership, which is anticipated to deliver a more efficient cost of capital and strengthen both companies' competitive positions in the market.
- Deepening Strategic Collaboration: This transaction builds on the long-standing partnership between HASI and Sunrun since 2018, reflecting their shared vision in managing and financing residential energy assets, thereby advancing the development of renewable energy.
- Expanded Market Influence: The joint venture not only enhances Sunrun's financing flexibility but also provides funding sources that are equal to or better than traditional financing arrangements, thereby supporting its continued growth in the home energy market.
See More
HA Sustainable Infrastructure Capital Declares Quarterly Dividend Increase
- Quarterly Dividend Increase: HA Sustainable Infrastructure Capital has declared a quarterly dividend of $0.425 per share, reflecting a 1.2% increase from the previous dividend of $0.420, demonstrating the company's ongoing commitment to stable cash flow and shareholder returns.
- Yield Performance: The forward yield of 4.74% not only attracts income-seeking investors but also indicates the company's financial health in the current economic environment, reinforcing its appeal in the market.
- Dividend Payment Schedule: The dividend is payable on April 17, with a record date of April 2 and an ex-dividend date also set for April 2, ensuring shareholders receive their returns promptly and enhancing investor confidence.
- Earnings Beat Expectations: In Q4 2025, HA Sustainable Infrastructure Capital reported a non-GAAP EPS of $0.67, beating expectations by $0.01, while revenue reached $114.81 million, exceeding forecasts by $86.07 million, showcasing the company's competitive edge and growth potential.
See More
HASI Reports Record Transactions and Growth in 2025
- Record Transaction Volume: HASI closed $4.3 billion in new transactions in 2025, an 87% increase from 2024, marking the highest transaction volume in the company's history, which strengthens its market position and lays a foundation for future growth.
- Sustained Investment Yield Growth: The yield on new investments exceeded 10.5% for the second consecutive year, driving a 10.2% growth in adjusted EPS to $2.70 per share, demonstrating the company's effectiveness in capital allocation and enhanced profitability.
- Increased Asset Management Revenue: Asset management fees and income reached $49 million in 2025, a 32% increase from the prior year, which not only enhances the company's revenue diversity but also strengthens its competitive edge in the sustainable infrastructure sector.
- Improved Capital Efficiency: The company successfully issued $500 million in junior subordinated hybrid notes, reducing reliance on new equity issuance, thereby enhancing capital efficiency and providing stronger financial support for future expansion.
See More
HA Sustainable Infrastructure Capital Q4 Earnings Exceed Expectations
- Earnings Highlights: HA Sustainable Infrastructure Capital reported a Q4 non-GAAP EPS of $0.67, beating expectations by $0.01, with revenue of $114.81 million reflecting a 13.3% year-over-year increase, indicating strong growth potential in the sustainable infrastructure sector.
- Future Outlook: The company anticipates adjusted EPS in the range of $3.50 to $3.60 by 2028, showcasing optimism regarding future profitability, while also expecting an adjusted return on equity exceeding 17%, which further boosts investor confidence.
- Dividend Policy Adjustment: It is projected that annual dividends per share of common stock will decline to less than 50% of annual adjusted EPS by 2028 and below 40% by 2030, a strategy aimed at optimizing capital allocation and supporting long-term growth.
- Market Collaboration: HA Sustainable Infrastructure has launched a $500 million joint venture with Sunrun to finance distributed power development, indicating the company's strategic positioning and intent to expand in the renewable energy market.
See More
Surging U.S. Electricity Demand Fuels Virtual Power Plant Growth
- Surging Electricity Demand: U.S. electricity demand is surging due to electric vehicles, data centers, and extreme temperatures, leading to increased reliance on variable wind and solar power as traditional coal and gas plants retire faster than replacements can be built.
- Rise of Virtual Power Plants: Utilities are deploying Virtual Power Plants (VPPs) that utilize thousands of small energy resources, including smart thermostats and home batteries, to create a cloud-based network that enhances grid flexibility and reliability during peak demand periods.
- National Grid's Growth Potential: National Grid's ConnectedSolutions program, launched in under four months, now boasts 250 megawatts of peak shaving capacity, with a reported underlying profit of £2.29 billion (approximately $3.1 billion), reflecting a 12% year-over-year increase and highlighting its strong performance amid rising energy demands.
- Sunrun's Market Opportunities: As the largest home-to-grid distributed power plant operator in the U.S., Sunrun's stock has surged over 100% in the past year, reporting $725 million in revenue for Q3, a 35% year-over-year increase, and partnering with HA Sustainable Infrastructure Capital to finance an additional 300 megawatts of capacity, further solidifying its market position.
See More
National Grid and Sunrun's Virtual Power Plant Advantages
- Surging Market Demand: U.S. electricity demand is soaring due to electric vehicles, data centers, and extreme temperatures, prompting utilities to adopt virtual power plants (VPPs) to ensure grid stability as traditional coal and gas plants retire rapidly.
- National Grid's Performance Growth: National Grid's stock has risen nearly 40% over the past year, reporting an underlying profit of £2.29 billion, up 12% year-over-year in its half-year report, reflecting successful implementation in the VPP sector amid strong market demand.
- Sunrun's Expansion Plans: As the largest home-to-grid distributed power plant operator in the U.S., Sunrun has enrolled 106,000 customers in 17 VPP programs and collaborated with three utilities to provide a 500-megawatt VPP, aimed at preventing rolling blackouts during peak times.
- Future Investment Potential: With solar power's share in the U.S. rising from 1% to 8% over the past 15 years, Sunrun's partnership with HA Sustainable Infrastructure Capital is expected to finance an additional 300 megawatts of capacity, further solidifying its market position and driving future growth.
See More
HASI and Sunrun Close $500 Million Joint Venture Financing Agreement
- Joint Venture Financing: The joint venture agreement between HASI and Sunrun involves an investment of up to $500 million, expected to finance over 300 megawatts of distributed energy assets across more than 40,000 home power plants, significantly enhancing the sustainability and reliability of home energy systems.
- Optimized Capital Structure: This innovative financing structure allows HASI to monetize a portion of long-term customer cash flows while enabling Sunrun to retain significant long-term ownership, which is anticipated to deliver a more efficient cost of capital and strengthen both companies' competitive positions in the market.
- Deepening Strategic Collaboration: This transaction builds on the long-standing partnership between HASI and Sunrun since 2018, reflecting their shared vision in managing and financing residential energy assets, thereby advancing the development of renewable energy.
- Expanded Market Influence: The joint venture not only enhances Sunrun's financing flexibility but also provides funding sources that are equal to or better than traditional financing arrangements, thereby supporting its continued growth in the home energy market.
See More
