(HASI) Hannon Armstrong - Overview
Stock: Equity, Debt, Receivables, Real-Estate, Solar
| Risk 5d forecast | |
|---|---|
| Volatility | 59.4% |
| Relative Tail Risk | -12.7% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.94 |
| Alpha | 31.48 |
| Character TTM | |
|---|---|
| Beta | 0.719 |
| Beta Downside | 0.942 |
| Drawdowns 3y | |
|---|---|
| Max DD | 53.59% |
| CAGR/Max DD | 0.25 |
EPS (Earnings per Share)
Revenue
Description: HASI Hannon Armstrong January 12, 2026
HA Sustainable Infrastructure Capital, Inc. (NYSE: HASI) invests across the U.S. climate-solution spectrum, targeting energy-efficiency retrofits (Behind-the-Meter), grid-connected renewable generation (solar, solar-plus-storage, wind), and emissions-reducing infrastructure such as renewable natural gas plants and ecological restoration projects. Its portfolio blends equity stakes, debt securities, receivables, and real-estate assets, giving the firm exposure to both cash-flow-stable, government-backed contracts and higher-growth renewable development pipelines.
As of the latest 2023 filing, HASI reported approximately $5.5 billion in assets under management, a 2023 revenue run-rate of $300 million, and an EBITDA margin near 45 %. The company’s dividend yield sits around 8 %, reflecting its REIT structure, while its weighted-average cost of capital is sensitive to the prevailing interest-rate environment. Key macro drivers include the Inflation Reduction Act’s expanded tax credits for solar and storage, growing corporate ESG mandates, and the U.S. Federal Reserve’s policy stance, which together shape both the pipeline of new projects and the valuation of existing debt-heavy assets.
If you want a deeper quantitative breakdown and scenario analysis, a quick look at ValueRay’s data platform could be a useful next step.
Piotroski VR‑10 (Strict, 0-10) 2.0
| Net Income: 184.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.02 > 0.02 and ΔFCF/TA -1.93 > 1.0 |
| NWC/Revenue: 764.3% < 20% (prev 419.9%; Δ 344.4% < -1%) |
| CFO/TA -0.01 > 3% & CFO -79.7m > Net Income 184.5m |
| Net Debt (5.04b) to EBITDA (566.7m): 8.89 < 3 |
| Current Ratio: 10.30 > 1.5 & < 3 |
| Outstanding Shares: last quarter (126.3m) vs 12m ago -7.88% < -2% |
| Gross Margin: error (current vs previous; cannot be calculated due to missing/invalid data or negative margin) |
| Asset Turnover: 5.25% > 50% (prev 9.25%; Δ -4.00% > 0%) |
| Interest Coverage Ratio: 1.94 > 6 (EBITDA TTM 566.7m / Interest Expense TTM 292.4m) |
Altman Z'' 2.77
| A: 0.37 (Total Current Assets 3.39b - Total Current Liabilities 329.1m) / Total Assets 8.19b |
| B: -0.04 (Retained Earnings -323.1m / Total Assets 8.19b) |
| C: 0.07 (EBIT TTM 565.9m / Avg Total Assets 7.63b) |
| D: -0.05 (Book Value of Equity -274.7m / Total Liabilities 5.53b) |
| Altman-Z'' Score: 2.77 = A |
Beneish M
| DSRI: 1.80 (Receivables 3.28b/2.97b, Revenue 400.5m/654.9m) |
| GMI: 0.70 (GM 99.61% / 69.43%) |
| AQI: none (AQ_t none / AQ_t-1 none) |
| SGI: 0.61 (Revenue 400.5m / 654.9m) |
| TATA: 0.03 (NI 184.5m - CFO -79.7m) / TA 8.19b) |
| Beneish M-Score: cannot calculate (missing components) |
What is the price of HASI shares?
Over the past week, the price has changed by +1.48%, over one month by +12.08%, over three months by +14.27% and over the past year by +37.19%.
Is HASI a buy, sell or hold?
- 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 | 41.9 | 11% |
| Analysts Target Price | 41.9 | 11% |
HASI Fundamental Data Overview February 16, 2026
P/E Forward = 13.6426
P/S = 52.8122
P/B = 1.968
P/EG = 1.605
Revenue TTM = 400.5m USD
EBIT TTM = 565.9m USD
EBITDA TTM = 566.7m USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = 5.15b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 5.04b USD (from netDebt column, last quarter)
Enterprise Value = 10.11b USD (5.07b + Debt 5.15b - CCE 110.2m)
Interest Coverage Ratio = 1.94 (Ebit TTM 565.9m / Interest Expense TTM 292.4m)
EV/FCF = -78.56x (Enterprise Value 10.11b / FCF TTM -128.6m)
FCF Yield = -1.27% (FCF TTM -128.6m / Enterprise Value 10.11b)
FCF Margin = -32.12% (FCF TTM -128.6m / Revenue TTM 400.5m)
Net Margin = 46.08% (Net Income TTM 184.5m / Revenue TTM 400.5m)
Gross Margin = unknown ((Revenue TTM 400.5m - Cost of Revenue TTM 1.56m) / Revenue TTM)
Tobins Q-Ratio = 1.23 (Enterprise Value 10.11b / Total Assets 8.19b)
Interest Expense / Debt = 1.49% (Interest Expense 76.5m / Debt 5.15b)
Taxrate = 31.17% (85.2m / 273.5m)
NOPAT = 389.5m (EBIT 565.9m * (1 - 31.17%))
Current Ratio = 10.30 (Total Current Assets 3.39b / Total Current Liabilities 329.1m)
Debt / Equity = 2.00 (Debt 5.15b / totalStockholderEquity, last quarter 2.57b)
Debt / EBITDA = 8.89 (Net Debt 5.04b / EBITDA 566.7m)
Debt / FCF = -39.17 (negative FCF - burning cash) (Net Debt 5.04b / FCF TTM -128.6m)
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 = 7.20% (EBIT 565.9m / Capital Employed (Total Assets 8.19b - Current Liab 329.1m))
RoIC = 5.28% (NOPAT 389.5m / Invested Capital 7.38b)
WACC = 4.77% (E(5.07b)/V(10.22b) * Re(8.57%) + D(5.15b)/V(10.22b) * Rd(1.49%) * (1-Tc(0.31)))
Discount Rate = 8.57% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 7.42%
Fair Price DCF = unknown (Cash Flow -128.6m)
EPS Correlation: 68.91 | EPS CAGR: 6.99% | SUE: 0.18 | # QB: 0
Revenue Correlation: -28.15 | Revenue CAGR: -60.57% | SUE: 2.06 | # QB: 5
EPS next Quarter (2026-03-31): EPS=0.69 | Chg30d=-0.011 | Revisions Net=-2 | Analysts=9
EPS current Year (2026-12-31): EPS=2.92 | Chg30d=-0.017 | Revisions Net=+2 | Growth EPS=+8.1% | Growth Revenue=+87.8%
EPS next Year (2027-12-31): EPS=3.24 | Chg30d=+0.021 | Revisions Net=+4 | Growth EPS=+11.1% | Growth Revenue=+15.0%