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HA Sustainable Infrastructure Capital (HASI)

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Earnings summaries and quarterly performance for HA Sustainable Infrastructure Capital.

Research analysts who have asked questions during HA Sustainable Infrastructure Capital earnings calls.

Noah Kaye

Noah Kaye

Oppenheimer & Co. Inc.

6 questions for HASI

Also covers: AAON, AMRC, BWA +16 more
CD

Chris Dendrinos

RBC Capital Markets

5 questions for HASI

Also covers: BE, CHPT, ENPH +8 more
MM

Maheep Mandloi

Mizuho Financial Group

5 questions for HASI

Also covers: ARRY, BE, CSIQ +10 more
BK

Ben Kallo

Robert W. Baird & Co.

3 questions for HASI

Also covers: ALB, AMRC, BE +15 more
Vikram Bagri

Vikram Bagri

Citigroup Inc.

3 questions for HASI

Also covers: AMPS, ARRY, CSIQ +7 more
BL

Brian Lee

Goldman Sachs Group, Inc.

2 questions for HASI

Also covers: ARRY, AYI, CCJ +19 more
Davis Sunderland

Davis Sunderland

Baird

2 questions for HASI

Also covers: BE, CWT, DAR +3 more
JW

John Windham

UBS

2 questions for HASI

Also covers: WBX
JL

Jordan Levy

Truist Securities

2 questions for HASI

Also covers: AMTX, ARRY, BLDP +10 more
Julien Dumoulin-Smith

Julien Dumoulin-Smith

Jefferies

2 questions for HASI

Also covers: AEE, AEP, AES +55 more
Mark W. Strouse

Mark W. Strouse

J.P. Morgan Chase & Co.

2 questions for HASI

Also covers: ARRY, BE, BEP +15 more
Moses Sutton

Moses Sutton

BNP Paribas

2 questions for HASI

Also covers: ENPH, FSLR, GEV +4 more
TB

Tyler Bisset

Goldman Sachs

2 questions for HASI

Also covers: JKS, MWA, OKLO +3 more
Dimple Gosai

Dimple Gosai

Bank of America

1 question for HASI

Also covers: ARRY, BE, CWEN +6 more
HH

Heidi Hauch

BNP Paribas

1 question for HASI

Also covers: CWEN
JO

Jeffrey Osborne

TD Cowen

1 question for HASI

Also covers: ASPN, AUR, BLDP +14 more
MS

Mark Strauss

JPMorgan

1 question for HASI

MF

Michael Fairbanks

J.P. Morgan Chase & Co.

1 question for HASI

Also covers: AGX, BE, BMI +2 more
Ryan Pfingst

Ryan Pfingst

B. Riley Securities

1 question for HASI

Also covers: AMPX, AMRC, ASPN +8 more
TG

Ted Giletti

Citi

1 question for HASI

Recent press releases and 8-K filings for HASI.

HASI and Sunrun Form $500 Million Joint Venture for Distributed Power Development
HASI
New Projects/Investments
  • HA Sustainable Infrastructure Capital (HASI) and Sunrun Inc. have established a $500 million joint venture to finance distributed energy assets, with the agreement closing in December 2025.
  • HASI will invest up to $500 million over an 18-month period into this partnership, which is expected to finance over 300 megawatts of capacity across more than 40,000 home power plants.
  • The joint venture will be accounted for as a consolidated entity on Sunrun's financials.
Jan 6, 2026, 12:00 PM
HA Sustainable Infrastructure Capital, Inc. Increases Revolving Credit Facility
HASI
Debt Issuance
  • HA Sustainable Infrastructure Capital, Inc. (HASI) entered into Amendment No. 5 to its Credit Agreement on December 22, 2025.
  • This amendment increased the company's available revolving commitments by $175 million.
  • As a result, the total revolving credit facility for HASI rose from $1.650 billion to $1.825 billion.
  • The proceeds from this increase will be utilized for general corporate purposes of the Borrower and its Subsidiaries.
Dec 29, 2025, 11:05 AM
HASI and KKR Commit Additional $1 Billion to CarbonCount Holdings 1
HASI
New Projects/Investments
Debt Issuance
  • HA Sustainable Infrastructure Capital, Inc. (HASI) and KKR have committed an additional $1 billion ($500 million each) to CarbonCount Holdings 1 LLC (CCH1).
  • This new commitment, combined with existing leverage targets, expands CCH1's total investment capacity to nearly $5 billion.
  • The investment period for CCH1 has been extended to the earlier of the end of 2027 or when all commitments are utilized.
  • As of November 2025, the HASI-KKR strategic partnership has already closed nearly $3 billion in investment commitments across six asset classes.
Dec 15, 2025, 9:15 PM
HA Sustainable Infrastructure Capital, Inc. Issues $500M Green Junior Subordinated Notes
HASI
Debt Issuance
New Projects/Investments
  • HA Sustainable Infrastructure Capital, Inc. issued $500,000,000 aggregate principal amount of 8.000% Green Junior Subordinated Notes due 2056 on November 20, 2025.
  • The Notes bear an initial interest rate of 8.000% per year until June 1, 2031, after which the rate will reset to the Five-year U.S. Treasury Rate plus 4.301%, with a floor of 8.000%, with interest paid semi-annually.
  • The company intends to use the net proceeds to temporarily repay outstanding borrowings under its unsecured revolving credit facility or commercial paper programs, and ultimately to acquire, invest in, or refinance eligible green projects.
  • These Notes are subordinate and junior in right of payment to all existing and future senior indebtedness of the Company and its Guarantors.
Nov 20, 2025, 10:11 PM
HA Sustainable Infrastructure Capital, Inc. Announces $500 Million Green Junior Subordinated Notes Offering
HASI
Debt Issuance
New Projects/Investments
  • HA Sustainable Infrastructure Capital, Inc. (HASI) entered into an underwriting agreement on November 13, 2025, to issue and sell $500 million aggregate principal amount of its 8.000% Green Junior Subordinated Notes due 2056.
  • The notes will be sold at a public offering price of 100% of the aggregate principal amount.
  • The closing of the offering is expected to occur on November 20, 2025.
  • The company intends to use the net proceeds to temporarily repay outstanding borrowings under its unsecured revolving credit facility or commercial paper programs, and subsequently to acquire, invest in, or refinance new and/or existing eligible green projects.
  • Mizuho Securities USA LLC, J.P. Morgan Securities LLC, BofA Securities, Inc., and Truist Securities, Inc. are acting as representatives of the underwriters for this offering.
Nov 19, 2025, 11:31 AM
HASI Commences Green Junior Subordinated Notes Offering and Provides Business Update
HASI
Debt Issuance
New Projects/Investments
  • HA Sustainable Infrastructure Capital, Inc. (HASI) commenced a registered offering of Green Junior Subordinated Notes due 2056 on November 13, 2025, aiming to lower its weighted average cost of capital, reduce future common stock issuances, and fund new investments. The Notes are expected to receive 50% equity credit from credit rating agencies.
  • As of September 30, 2025, HASI's Managed Assets exceeded $15 billion, representing a 15% year-over-year increase.
  • The company completed $1.5 billion in transactions through the first three quarters of 2025, a 25% increase year-over-year, and reported a 12-month pipeline of over $6 billion in new opportunities as of September 30, 2025.
Nov 13, 2025, 2:27 PM
Hannon Armstrong Reports Record Q3 2025 Adjusted EPS and Significant New Investment
HASI
Earnings
Guidance Update
New Projects/Investments
  • Hannon Armstrong Sustainable Infrastructure Capital (HASI) reported a record Adjusted EPS of $0.80 for Q3 2025, contributing to a year-to-date Adjusted EPS of $2.04, an 11% increase year-over-year.
  • The company's adjusted recurring net investment income grew 42% year-over-year in Q3 and 27% year-to-date, with a year-to-date adjusted ROE of 13.4%.
  • HASI closed $650 million in new transactions during Q3, totaling $1.5 billion year-to-date, and anticipates closing over $3 billion for the full year 2025, a 30% increase year-over-year.
  • A $1.2 billion structured equity investment in the SunZia project, a major clean energy infrastructure project, closed early in Q4, with an initial proportional commitment of approximately $600 million through CCH1.
  • The company reaffirmed its guidance for 8%-10% compound annual EPS growth through 2027, expecting approximately 10% adjusted EPS growth in 2025.
Nov 6, 2025, 10:00 PM
Hannon Armstrong Sustainable Infrastructure Capital Reports Record Q3 2025 Earnings and Major New Investment
HASI
Earnings
Guidance Update
New Projects/Investments
  • Hannon Armstrong Sustainable Infrastructure Capital (HASI) reported a record quarterly adjusted EPS of $0.80 in Q3 2025, with year-to-date adjusted EPS reaching $2.04, an 11% increase year-over-year. Adjusted recurring net investment income grew 42% in the quarter and 27% year-to-date.
  • The company closed $650 million in new transactions in Q3 2025, totaling $1.5 billion year-to-date, and anticipates exceeding $3 billion for the full year, representing over 30% year-over-year growth.
  • A significant $1.2 billion structured equity investment was made in the SunZia project, a major clean energy infrastructure project, with an initial proportional commitment of approximately $600 million through its CCH1 co-investment vehicle. The investment pipeline remains above $6 billion.
  • HASI maintained strong new asset yields, exceeding 10.5% for the sixth consecutive quarter, and reaffirmed its guidance for 8%-10% compound annual EPS growth through 2027, with approximately 10% adjusted EPS growth expected in 2025.
Nov 6, 2025, 10:00 PM
HASI Reports Record Q3 2025 Adjusted EPS and Significant Investment Growth
HASI
Earnings
Guidance Update
New Projects/Investments
  • HASI reported a record Adjusted EPS of $0.80 for Q3 2025, with year-to-date Adjusted EPS reaching $2.04, an 11% increase year-over-year.
  • The company closed over $650 million in new transactions in Q3, bringing the year-to-date total to $1.5 billion. A significant $1.2 billion structured equity investment in the SunZia project closed early in Q4, contributing to an expected full-year 2025 transaction volume of over $3 billion, a 30% increase year-over-year.
  • Adjusted recurring net investment income grew 42% year-over-year in Q3 and 27% year-to-date, while managed assets increased 15% year-over-year to $15 billion. The year-to-date adjusted Return on Equity (ROE) rose to 13.4%.
  • HASI reaffirmed its guidance for 8%-10% compound annual EPS growth through 2027, with approximately 10% adjusted EPS growth expected in 2025. The investment pipeline remains strong, above $6 billion.
Nov 6, 2025, 10:00 PM
HASI Reports Strong Q3 2025 Results with Record Adjusted EPS
HASI
Earnings
Guidance Update
New Projects/Investments
  • HASI reported Adjusted EPS of $0.80 for Q3 2025, which was the highest quarterly EPS in the company's history, and GAAP EPS of $0.61.
  • Adjusted Recurring Net Investment Income grew 42% year-over-year to $105.1 million in Q3 2025, reaching $269 million year-to-date.
  • Managed Assets increased 15% year-over-year to $15 billion as of September 30, 2025.
  • The company closed $1.5 billion in new transactions year-to-date through Q3 2025, with new asset yields exceeding 10.5%, and is on pace to exceed $3.0 billion in new transactions for the full year 2025.
  • HASI reaffirmed its guidance for an Adjusted EPS CAGR of 8-10% into 2027 (from a 2023 base year) and expects 10% year-over-year Adjusted EPS growth in 2025.
Nov 6, 2025, 10:00 PM

Quarterly earnings call transcripts for HA Sustainable Infrastructure Capital.