(HASI) Hannon Armstrong - Overview
Exchange: NYSE •
Country: United States •
Currency: USD •
Type: Common Stock •
ISIN: US41068X1000
Stock: Renewable Energy, Efficiency Projects, Sustainable Infrastructure
Total Rating 58
Risk 73
Buy Signal -0.36
| Risk 5d forecast | |
|---|---|
| Volatility | 44.3% |
| Relative Tail Risk | -14.0% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.73 |
| Alpha | 9.42 |
| Character TTM | |
|---|---|
| Beta | 1.198 |
| Beta Downside | 1.374 |
| Drawdowns 3y | |
|---|---|
| Max DD | 50.00% |
| CAGR/Max DD | 0.36 |
EPS (Earnings per Share)
Revenue
Description: HASI Hannon Armstrong March 05, 2026
HA Sustainable Infrastructure Capital, Inc. (HASI) invests in energy efficiency, renewable energy, and other sustainable infrastructure projects across the United States. The companys portfolio includes equity, receivables, and debt securities.
HASI focuses on three primary investment areas. Behind-the-Meter projects involve distributed energy solutions aimed at reducing energy costs or consumption. Grid-Connected investments target renewable energy generation, such as solar, solar-plus-storage, and wind power, which are key components of the growing renewable energy sector.
The Fuels, Transport, and Nature segment encompasses infrastructure assets designed to reduce emissions and provide environmental benefits beyond the traditional power grid. This includes investments in areas like renewable natural gas (RNG) plants, transportation fleet upgrades, and ecological restoration. The company was founded in 1981 and is headquartered in Annapolis, Maryland. Further research on ValueRay can provide deeper insights into HASIs financial performance and market position.
Headlines to watch out for
- Interest rate fluctuations impact debt financing costs
- Government renewable energy incentives drive project demand
- Energy efficiency project pipeline fuels revenue growth
- Regulatory changes affect sustainable infrastructure investment
- Renewable energy credit market volatility influences profitability
Piotroski VR‑10 (Strict, 0-10) 3.0
| Net Income: 184.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA 1.60 > 1.0 |
| NWC/Revenue: 496.1% < 20% (prev 419.9%; Δ 76.23% < -1%) |
| CFO/TA 0.02 > 3% & CFO 186.4m > Net Income 184.5m |
| Net Debt (4.93b) to EBITDA (351.5m): 14.03 < 3 |
| Current Ratio: 255.9 > 1.5 & < 3 |
| Outstanding Shares: last quarter (126.3m) vs 12m ago -7.88% < -2% |
| Gross Margin: 71.94% > 18% (prev 0.69%; Δ 7.12k% > 0.5%) |
| Asset Turnover: 10.10% > 50% (prev 9.25%; Δ 0.85% > 0%) |
| Interest Coverage Ratio: 1.20 > 6 (EBITDA TTM 351.5m / Interest Expense TTM 292.4m) |
Altman Z'' 3.19
| A: 0.47 (Total Current Assets 3.84b - Total Current Liabilities 15.0m) / Total Assets 8.19b |
| B: -0.04 (Retained Earnings -323.1m / Total Assets 8.19b) |
| C: 0.05 (EBIT TTM 350.8m / Avg Total Assets 7.63b) |
| D: -0.05 (Book Value of Equity -274.7m / Total Liabilities 5.53b) |
| Altman-Z'' Score: 3.19 = A |
Beneish M
| DSRI: 1.06 (Receivables 3.69b/2.97b, Revenue 770.7m/654.9m) |
| GMI: 0.97 (GM 71.94% / 69.43%) |
| AQI: none (AQ_t none / AQ_t-1 none) |
| SGI: 1.18 (Revenue 770.7m / 654.9m) |
| TATA: -0.00 (NI 184.5m - CFO 186.4m) / TA 8.19b) |
| Beneish M-Score: cannot calculate (missing components) |
What is the price of HASI shares?
As of March 21, 2026, the stock is trading at USD 35.62 with a total of 2,437,083 shares traded.
Over the past week, the price has changed by +0.59%, over one month by -4.45%, over three months by +8.55% and over the past year by +26.94%.
Over the past week, the price has changed by +0.59%, over one month by -4.45%, over three months by +8.55% and over the past year by +26.94%.
Is HASI a buy, sell or hold?
Hannon Armstrong has received a consensus analysts rating of 4.50.
Therefore, it is recommended to buy HASI.
- StrongBuy: 10
- Buy: 4
- Hold: 2
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the HASI price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 44.5 | 24.8% |
| Analysts Target Price | 44.5 | 24.8% |
HASI Fundamental Data Overview March 18, 2026
P/E Trailing = 25.7092
P/E Forward = 12.4069
P/S = 48.4267
P/B = 1.8046
P/EG = 1.3068
Revenue TTM = 770.7m USD
EBIT TTM = 350.8m USD
EBITDA TTM = 351.5m USD
Long Term Debt = 5.06b USD (estimated: total debt 5.08b - short term 15.0m)
Short Term Debt = 15.0m USD (from shortTermDebt, last quarter)
Debt = 5.08b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 4.93b USD (from netDebt column, last quarter)
Enterprise Value = 9.58b USD (4.65b + Debt 5.08b - CCE 145.2m)
Interest Coverage Ratio = 1.20 (Ebit TTM 350.8m / Interest Expense TTM 292.4m)
EV/FCF = 69.71x (Enterprise Value 9.58b / FCF TTM 137.4m)
FCF Yield = 1.43% (FCF TTM 137.4m / Enterprise Value 9.58b)
FCF Margin = 17.83% (FCF TTM 137.4m / Revenue TTM 770.7m)
Net Margin = 23.94% (Net Income TTM 184.5m / Revenue TTM 770.7m)
Gross Margin = 71.94% ((Revenue TTM 770.7m - Cost of Revenue TTM 216.3m) / Revenue TTM)
Gross Margin QoQ = none% (prev 68.60%)
Tobins Q-Ratio = 1.17 (Enterprise Value 9.58b / Total Assets 8.19b)
Interest Expense / Debt = 1.51% (Interest Expense 76.5m / Debt 5.08b)
Taxrate = 31.17% (85.2m / 273.5m)
NOPAT = 241.4m (EBIT 350.8m * (1 - 31.17%))
Current Ratio = 255.9 (out of range, set to none) (Total Current Assets 3.84b / Total Current Liabilities 15.0m)
Debt / Equity = 1.97 (Debt 5.08b / totalStockholderEquity, last quarter 2.57b)
Debt / EBITDA = 14.03 (Net Debt 4.93b / EBITDA 351.5m)
Debt / FCF = 35.89 (Net Debt 4.93b / FCF TTM 137.4m)
Total Stockholder Equity = 2.52b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.42% (Net Income 184.5m / Total Assets 8.19b)
RoE = 7.32% (Net Income TTM 184.5m / Total Stockholder Equity 2.52b)
RoCE = 4.63% (EBIT 350.8m / Capital Employed (Equity 2.52b + L.T.Debt 5.06b))
RoIC = 3.23% (NOPAT 241.4m / Invested Capital 7.46b)
WACC = 5.48% (E(4.65b)/V(9.72b) * Re(10.33%) + D(5.08b)/V(9.72b) * Rd(1.51%) * (1-Tc(0.31)))
Discount Rate = 10.33% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 7.42%
[DCF] Terminal Value 80.82% ; FCFF base≈84.8m ; Y1≈55.7m ; Y5≈25.4m
[DCF] Fair Price = N/A (negative equity: EV 809.0m - Net Debt 4.93b = -4.12b; debt exceeds intrinsic value)
EPS Correlation: 68.91 | EPS CAGR: 6.99% | SUE: 0.15 | # QB: 0
Revenue Correlation: 69.24 | Revenue CAGR: 2.14% | SUE: 2.06 | # QB: 5
EPS next Quarter (2026-06-30): EPS=0.75 | Chg7d=+0.002 | Chg30d=+0.017 | Revisions Net=+2 | Analysts=13
EPS current Year (2026-12-31): EPS=2.94 | Chg7d=+0.009 | Chg30d=+0.003 | Revisions Net=+5 | Growth EPS=+8.8% | Growth Revenue=+55.9%
EPS next Year (2027-12-31): EPS=3.25 | Chg7d=+0.009 | Chg30d=+0.020 | Revisions Net=+4 | Growth EPS=+10.5% | Growth Revenue=+31.5%
[Analyst] Revisions Ratio: +0.33 (4 Up / 2 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 6.4% (Discount Rate 10.3% - Earnings Yield 3.9%)
[Growth] Growth Spread = -58.6% (Analyst -52.1% - Implied 6.4%)
P/E Forward = 12.4069
P/S = 48.4267
P/B = 1.8046
P/EG = 1.3068
Revenue TTM = 770.7m USD
EBIT TTM = 350.8m USD
EBITDA TTM = 351.5m USD
Long Term Debt = 5.06b USD (estimated: total debt 5.08b - short term 15.0m)
Short Term Debt = 15.0m USD (from shortTermDebt, last quarter)
Debt = 5.08b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 4.93b USD (from netDebt column, last quarter)
Enterprise Value = 9.58b USD (4.65b + Debt 5.08b - CCE 145.2m)
Interest Coverage Ratio = 1.20 (Ebit TTM 350.8m / Interest Expense TTM 292.4m)
EV/FCF = 69.71x (Enterprise Value 9.58b / FCF TTM 137.4m)
FCF Yield = 1.43% (FCF TTM 137.4m / Enterprise Value 9.58b)
FCF Margin = 17.83% (FCF TTM 137.4m / Revenue TTM 770.7m)
Net Margin = 23.94% (Net Income TTM 184.5m / Revenue TTM 770.7m)
Gross Margin = 71.94% ((Revenue TTM 770.7m - Cost of Revenue TTM 216.3m) / Revenue TTM)
Gross Margin QoQ = none% (prev 68.60%)
Tobins Q-Ratio = 1.17 (Enterprise Value 9.58b / Total Assets 8.19b)
Interest Expense / Debt = 1.51% (Interest Expense 76.5m / Debt 5.08b)
Taxrate = 31.17% (85.2m / 273.5m)
NOPAT = 241.4m (EBIT 350.8m * (1 - 31.17%))
Current Ratio = 255.9 (out of range, set to none) (Total Current Assets 3.84b / Total Current Liabilities 15.0m)
Debt / Equity = 1.97 (Debt 5.08b / totalStockholderEquity, last quarter 2.57b)
Debt / EBITDA = 14.03 (Net Debt 4.93b / EBITDA 351.5m)
Debt / FCF = 35.89 (Net Debt 4.93b / FCF TTM 137.4m)
Total Stockholder Equity = 2.52b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.42% (Net Income 184.5m / Total Assets 8.19b)
RoE = 7.32% (Net Income TTM 184.5m / Total Stockholder Equity 2.52b)
RoCE = 4.63% (EBIT 350.8m / Capital Employed (Equity 2.52b + L.T.Debt 5.06b))
RoIC = 3.23% (NOPAT 241.4m / Invested Capital 7.46b)
WACC = 5.48% (E(4.65b)/V(9.72b) * Re(10.33%) + D(5.08b)/V(9.72b) * Rd(1.51%) * (1-Tc(0.31)))
Discount Rate = 10.33% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 7.42%
[DCF] Terminal Value 80.82% ; FCFF base≈84.8m ; Y1≈55.7m ; Y5≈25.4m
[DCF] Fair Price = N/A (negative equity: EV 809.0m - Net Debt 4.93b = -4.12b; debt exceeds intrinsic value)
EPS Correlation: 68.91 | EPS CAGR: 6.99% | SUE: 0.15 | # QB: 0
Revenue Correlation: 69.24 | Revenue CAGR: 2.14% | SUE: 2.06 | # QB: 5
EPS next Quarter (2026-06-30): EPS=0.75 | Chg7d=+0.002 | Chg30d=+0.017 | Revisions Net=+2 | Analysts=13
EPS current Year (2026-12-31): EPS=2.94 | Chg7d=+0.009 | Chg30d=+0.003 | Revisions Net=+5 | Growth EPS=+8.8% | Growth Revenue=+55.9%
EPS next Year (2027-12-31): EPS=3.25 | Chg7d=+0.009 | Chg30d=+0.020 | Revisions Net=+4 | Growth EPS=+10.5% | Growth Revenue=+31.5%
[Analyst] Revisions Ratio: +0.33 (4 Up / 2 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 6.4% (Discount Rate 10.3% - Earnings Yield 3.9%)
[Growth] Growth Spread = -58.6% (Analyst -52.1% - Implied 6.4%)