(HASI) Hannon Armstrong - NYSE
Sector: Financial Services | Industry: Asset Management | Exchange: NYSE (USA) | Market Cap: 4.992m USD | Total Return: 50.3% in 12m
Avg Turnover: 41.3M
EPS Trend: -8.4%
Qual. Beats: -1
Rev. Trend: 81.9%
Qual. Beats: 0
Warnings
P/E ratio 97.7
Below Avwap Earnings
Tailwinds
No distinct edge detected
HA Sustainable Infrastructure Capital, Inc. (HASI) is a U.S.-based specialty finance company that invests in energy efficiency, renewable energy, and other sustainable infrastructure markets. Its portfolio consists of equity investments, receivables, and debt securities, structured to provide capital to climate-focused projects across three main segments: Behind-the-Meter (energy cost or usage reduction), Grid-Connected (solar, solar-plus-storage, and wind projects), and Fuels, Transport, and Nature (renewable natural gas, fleet upgrades, ecological restoration, and similar assets).
The company operates as an Industrial REIT within the Real Estate GICS sector, financing infrastructure assets rather than owning traditional real estate, and has been publicly traded since its 2013 IPO. Founded in 1981 and headquartered in Annapolis, Maryland, the company rebranded from Hannon Armstrong Sustainable Infrastructure Capital, Inc. to its current name in June 2024.
- Net interest margin compresses as short-term rates ease
- Inflation Reduction Act incentives drive record clean energy origination
- Portfolio growth in solar and storage segments lifts distributable income
| Net Income: 56.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA 3.09 > 1.0 |
| NWC/Revenue: 529.1% < 20% (prev 493.3%; Δ 35.87% < -1%) |
| CFO/TA 0.03 > 3% & CFO 245.3m > Net Income 56.0m |
| Net Debt (5.20b) to EBITDA (413.7m): 12.56 < 3 |
| Current Ratio: 470.6 > 1.5 & < 3 |
| Outstanding Shares: last quarter (127.6m) vs 12m ago -7.52% < -2% |
| Gross Margin: 73.65% > 18% (prev 64.72%; Δ 8.92% > 0.5%) |
| Asset Turnover: 9.06% > 50% (prev 7.70%; Δ 1.36% > 0%) |
| Interest Coverage Ratio: 1.34 > 6 (EBIT TTM 412.9m / Interest Expense TTM 308.8m) |
| A: 0.46 (Total Current Assets 3.77b - Total Current Liabilities 8.00m) / Total Assets 8.20b |
| B: -0.05 (Retained Earnings -449.9m / Total Assets 8.20b) |
| C: 0.05 (EBIT TTM 412.9m / Avg Total Assets 7.84b) |
| D: 0.43 (Book Value of Equity 2.44b / Total Liabilities 5.67b) |
| Altman-Z'' = 3.63 = AA |
As of June 28, 2026, the stock is trading at USD 39.58 with a total of 797,175 shares traded. Over the past week, the price has changed by +1.33%, over one month by -3.96%, over three months by +9.83% and over the past year by +50.32%.
Current recommended Stop Loss: 38.20 (which is 3.5% or 1.3 ATR below the current price).
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
| Analysts Target Price | 49.4 | 24.8% |
P/E Trailing = 97.65
P/E Forward = 12.9702
P/S = 56.7837
P/B = 2.0434
P/EG = 1.366
Revenue TTM = 710.0m USD
EBIT TTM = 412.9m USD
EBITDA TTM = 413.7m USD
Long Term Debt = 5.34b USD (estimated: total debt 5.35b - short term 8.00m)
Short Term Debt = 8.00m USD (from shortTermDebt, last quarter)
Debt = 5.35b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 5.20b USD (calculated: Debt 5.35b - CCE 151.5m)
Enterprise Value = 10.2b USD (4.99b + Debt 5.35b - CCE 151.5m)
Interest Coverage Ratio = 1.34 (Ebit TTM 412.9m / Interest Expense TTM 308.8m)
EV/FCF = 51.89x (Enterprise Value 10.2b / FCF TTM 196.3m)
FCF Yield = 1.93% (FCF TTM 196.3m / Enterprise Value 10.2b)
FCF Margin = 27.65% (FCF TTM 196.3m / Revenue TTM 710.0m)
Net Margin = 7.88% (Net Income TTM 56.0m / Revenue TTM 710.0m)
Gross Margin = 73.65% ((Revenue TTM 710.0m - Cost of Revenue TTM 187.1m) / Revenue TTM)
Gross Margin QoQ = 71.42% (prev none%)
Tobins Q-Ratio = 1.24 (Enterprise Value 10.2b / Total Assets 8.20b)
Interest Expense / Debt = 5.78% (Interest Expense 308.8m / Debt 5.35b)
Taxrate = 35.19% (30.6m / 86.9m)
NOPAT = 267.6m (EBIT 412.9m * (1 - 35.19%))
Current Ratio = 470.6 (out of range, set to none) (Total Current Assets 3.77b / Total Current Liabilities 8.00m)
Debt / Equity = 2.19 (Debt 5.35b / totalStockholderEquity, last quarter 2.44b)
Debt / EBITDA = 12.56 (Net Debt 5.20b / EBITDA 413.7m)
Debt / FCF = 26.46 (Net Debt 5.20b / FCF TTM 196.3m)
Total Stockholder Equity = 2.53b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.71% (Net Income 56.0m / Total Assets 8.20b)
RoE = 2.21% (Net Income TTM 56.0m / Total Stockholder Equity 2.53b)
RoCE = 5.25% (EBIT 412.9m / Capital Employed (Equity 2.53b + L.T.Debt 5.34b))
RoIC = 3.28% (NOPAT 267.6m / Invested Capital 8.17b)
WACC = 6.56% (E(4.99b)/V(10.3b) * Re(9.57%) + D(5.35b)/V(10.3b) * Rd(5.78%) * (1-Tc(0.35)))
Discount Rate = 9.57% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 42.22 | Cagr: 7.04%
[DCF] Terminal Value 75.44% ; FCFF base≈196.3m ; Y1≈197.1m ; Y5≈208.8m
[DCF] Fair Price = N/A (negative equity: EV 3.25b - Net Debt 5.20b = -1.95b; debt exceeds intrinsic value)
EPS Correlation: -8.36 | EPS CAGR: -1.42% | SUE: -4.0 | # QB: -1
Revenue Correlation: 81.92 | Revenue CAGR: 36.68% | SUE: 0.58 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.74 | Chg30d=-0.41% | Revisions=-33% | Analysts=14
EPS next Quarter (2026-09-30): EPS=0.74 | Chg30d=-0.26% | Revisions=-38% | Analysts=14
EPS current Year (2026-12-31): EPS=3.00 | Chg30d=-0.03% | Revisions=+71% | GrowthEPS=+11.0% | GrowthRev=+44.3%
EPS next Year (2027-12-31): EPS=3.33 | Chg30d=-0.08% | Revisions=+54% | GrowthEPS=+11.1% | GrowthRev=+72.1%
[Analyst] Revisions Ratio: +71%