Feed / HASI

HA Sustainable Infrastructure Capital, Inc.

HASI

Financial Services · 37.38 -0.6% today

Isolated · not yet confirmedMarket checked 11 Sept, 15:55 GMT-4

Market read

HA Sustainable Infrastructure Capital, Inc.'s current read is isolated; its market group is not confirming.

No new filing conclusion is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 3 directly disclosed connections are confirming.

Company-0.6% todayVolume comparison unavailable
Market group0 of 1 activeSustainable Infrastructure Finance · unavailable
Disclosed network0 of 3 confirmingNo filing-linked name is confirming now
What would change this read
  • Interest expense rose with a larger average debt balance and higher average interest rate after Junior Subordinated Notes issuance.
  • Benefit (expense) included in interest expense due to hedging activities was $647k for the three months ended March 31, 2026 (vs $951k in 2025).

Invalidation: The isolated read changes if HASI's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Financial Services · Asset Management

No new filing conclusion is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 3 directly disclosed connections are confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • Interest expense rose with a larger average debt balance and higher average interest rate after Junior Subordinated Notes issuance.
  • Benefit (expense) included in interest expense due to hedging activities was $647k for the three months ended March 31, 2026 (vs $951k in 2025).

Company research

Understand the business, not just the ticker

As of Sep 12, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations328
Usable filing statements117
Verified relationships4
Evidence supporting the case
  • Credit and interest rates has repeated favorable evidence across 5 filings.
Evidence challenging the case
  • Net margin changed -6.1 percentage points in the latest annual period.
  • Diluted shares increased 5.9% in the latest annual period.
Questions before a position

No credible peer-relative valuation comparison is available yet.

Longer-term price context

Price as of Sep 11, 2026

37.38
6m+4.6%12m+34.8%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$213.2M+14.0%$1.51+17.9%
2022-12-31$239.7M+12.5%$0.47+3.4%
2023-12-31$319.9M+33.4%$1.42+20.8%
2024-12-31$383.6M+19.9%$1.62+19.2%
2025-12-31$400.5M+4.4%$1.41+5.9%

What management says matters

Persistent and emerging business drivers

Credit and interest ratespositive · 5 filings
Three months ended June 30, Six months ended June 30, 2026 2025 2026 2025 (in thousands) Benefit (expense) included in interest expense due to hedging activities $ 679 $ 873 $ 1,326 $ 1,824 Certain of the projects in which we have equity method investments al…
10-Q · Aug 7, 2026

Valuation discipline

Peer-relative valuation withheld

Jodie found no industry-matched filing peers suitable for a valuation comparison. It will not substitute broader financial-sector names.

Scenario scaffold

Scenarios are withheld for Financial Services until sector-specific earnings and capital metrics are available; generic revenue/P/S scaffolds would be misleading.

Price action

How the market is pricing the story

37.38-0.6% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for HASI. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for HASI. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind HASI

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

AWIArmstrong World Industries, Inc.investeeNov 7, 2025

Hannon Armstrong Sustainable Infrastructure, L.P.

AWIArmstrong World Industries, Inc.partnerMay 8, 2026

Supplemental Guarantor Information The Company and each of Hannon Armstrong Sustainable Infrastructure, L.P., Hannon Armstrong Capital, LLC.

JUNSFiling-linked nameinvesteeFeb 13, 2026

Our investment in Jupiter is a preferred investment at the portfolio level whereby cash from other projects can be swept to protect our return, and those other projects continue to operate.

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

HASI is currently a Leader in the organic co-movement group Sustainable Infrastructure Finance. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

This group is retained as the last observed read for HASI; it is not active in the latest market snapshot.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.