(HASI) Hannon Armstrong - Overview
Sector: Financial Services | Industry: Asset Management | Exchange: NYSE (USA) | Market Cap: 5.237m USD | Total Return: 53.2% in 12m
Energy Efficiency, Renewable Energy, Sustainable Infrastructure, Climate
Total Rating 60
Safety 69
Buy Signal 0.33
Asset Management
Industry Rotation: +5.0
Industry Rotation: +5.0
Market Cap:
5.24B
Avg Turnover: 43.2M
Avg Turnover: 43.2M
Risk 3d forecast
Volatility29.9%
VaR 5th Pctl4.90%
VaR vs Median-0.45%
Reward TTM
Sharpe Ratio1.32
Rel. Str. IBD78.2
Rel. Str. Peer Group86.4
Character TTM
Beta0.936
Beta Downside0.977
Hurst Exponent0.537
Drawdowns 3y
Max DD50.00%
CAGR/Max DD0.49
CAGR/Mean DD1.85
EPS (Earnings per Share)
EPS CAGR: 6.88%
EPS Trend: 73.3%
EPS Trend: 73.3%
Last SUE: 1.56
Qual. Beats: 1
Qual. Beats: 1
Revenue
Rev. CAGR: 32.52%
Rev. Trend: 69.7%
Rev. Trend: 69.7%
Last SUE: 0.58
Qual. Beats: 0
Qual. Beats: 0
Warnings
P/E ratio 102.5
Tailwinds
No distinct edge detected
Description: HASI Hannon Armstrong
HA Sustainable Infrastructure Capital (HASI) is a specialized investment firm focused on climate solutions within the United States. The company provides capital through equity, debt, and receivables to three primary segments: Behind-the-Meter energy efficiency, Grid-Connected renewable energy (solar and wind), and Fuels, Transport, and Nature projects. Operating as a Real Estate Investment Trust (REIT), the company facilitates the transition to lower-carbon infrastructure by financing assets that reduce energy consumption or sequester carbon.
The business model relies on long-term, predictable cash flows generated from a diverse portfolio of sustainable assets, often involving high-credit-quality obligors. Unlike traditional energy companies, HASI functions as a capital provider rather than an owner-operator of utility-scale plants. For deeper insights into these financial structures, review the latest performance metrics on ValueRay. The sustainable infrastructure sector has seen increased growth due to federal tax incentives and corporate decarbonization mandates.
- Spread between asset yields and borrowing costs dictates net interest margin
- Federal interest rate pivots impact valuation and cost of capital for projects
- Expansion of behind-the-meter and grid-connected renewable energy project pipelines
- Regulatory shifts in federal tax credits influence sustainable infrastructure investment volume
- Credit quality of municipal and corporate counterparties affects long-term portfolio performance
Piotroski VR‑10 (Strict)
4.0
| 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 (245.9m): 21.13 < 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 0.65%; Δ 7.30k% > 0.5%) |
| Asset Turnover: 9.06% > 50% (prev 7.70%; Δ 1.36% > 0%) |
| Interest Coverage Ratio: 0.87 > 6 (EBITDA TTM 245.9m / Interest Expense TTM 308.8m) |
Altman Z''
2.98
| 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: 0.03 (EBIT TTM 268.7m / Avg Total Assets 7.84b) |
| D: -0.07 (Book Value of Equity -409.9m / Total Liabilities 5.67b) |
| Altman-Z'' Score: 2.98 = A |
What is the price of HASI shares?
As of May 17, 2026, the stock is trading at USD 41.19 with a total of 1,161,423 shares traded.
Over the past week, the price has changed by +0.34%, over one month by +1.90%, over three months by +6.22% and over the past year by +53.24%.
Over the past week, the price has changed by +0.34%, over one month by +1.90%, over three months by +6.22% and over the past year by +53.24%.
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?
| Analysts Target Price | 48.1 | 16.8% |
Hannon Armstrong (HASI) - Fundamental Data Overview
as of 13 May 2026
P/E Trailing = 102.45 P/E Forward = 13.947
P/S = 59.5749
P/B = 2.1476
P/EG = 1.4673
Revenue TTM = 710.0m USD
EBIT TTM = 268.7m USD
EBITDA TTM = 245.9m 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 (from netDebt column, last quarter)
Enterprise Value = 10.43b USD (5.24b + Debt 5.35b - CCE 151.5m)
Interest Coverage Ratio = 0.87 (Ebit TTM 268.7m / Interest Expense TTM 308.8m)
EV/FCF = 53.14x (Enterprise Value 10.43b / FCF TTM 196.3m)
FCF Yield = 1.88% (FCF TTM 196.3m / Enterprise Value 10.43b)
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 = 1.27 (Enterprise Value 10.43b / Total Assets 8.20b)
Interest Expense / Debt = 1.52% (Interest Expense 81.1m / Debt 5.35b)
Taxrate = 31.17% (85.2m / 273.5m)
NOPAT = 184.9m (EBIT 268.7m * (1 - 31.17%))
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 = 21.13 (Net Debt 5.20b / EBITDA 245.9m)
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 = 3.41% (EBIT 268.7m / Capital Employed (Equity 2.53b + L.T.Debt 5.34b))
RoIC = 2.44% (NOPAT 184.9m / Invested Capital 7.58b)
WACC = 5.11% (E(5.24b)/V(10.58b) * Re(9.27%) + D(5.35b)/V(10.58b) * Rd(1.52%) * (1-Tc(0.31)))
Discount Rate = 9.27% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 42.22 | Cagr: 7.04%
[DCF] Terminal Value 80.82% ; FCFF base≈196.3m ; Y1≈128.9m ; Y5≈58.9m
[DCF] Fair Price = N/A (negative equity: EV 1.87b - Net Debt 5.20b = -3.32b; debt exceeds intrinsic value)
EPS Correlation: 73.29 | EPS CAGR: 6.88% | SUE: 1.56 | # QB: 1
Revenue Correlation: 69.68 | Revenue CAGR: 32.52% | SUE: 0.58 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.74 | Chg30d=-1.81% | Revisions=-25% | Analysts=15
EPS next Quarter (2026-09-30): EPS=0.75 | Chg30d=-1.35% | Revisions=-14% | Analysts=15
EPS current Year (2026-12-31): EPS=2.99 | Chg30d=+1.54% | Revisions=+14% | GrowthEPS=+10.6% | GrowthRev=+44.3%
EPS next Year (2027-12-31): EPS=3.30 | Chg30d=+1.60% | Revisions=+33% | GrowthEPS=+10.5% | GrowthRev=+38.1%
[Analyst] Revisions Ratio: +33%