Stocks · Financial Services · Asset Management
HA Sustainable Infrastructure Capital, Inc. HASI
$36.31 +0.11% Close, Oct 5, 2026 · NYSE · Market cap $4.64B
Expensive vs sector
Next earnings report: Nov 5, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Operating margin narrowed to -3.7% from 9.4% a year earlier.
- Diluted EPS over the last four quarters was $0.53, down 65.1% year over year.
- The shares trade at 68.5× trailing earnings, higher than 86% of the company's own readings over the past five years.
PromtFinance scores
Each score is a percentile within the Financial Services sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 6, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 44%
- EPS growth (TTM, YoY)Bottom 10%
- FCF growth (TTM, YoY)Top 5%
- Revenue growth, 3-year CAGRBottom 47%
- Revenue growth accelerationTop 6%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalBottom 30%
- Gross marginBottom 9%
- Operating marginBottom 9%
- Cash conversion (OCF / net income)Top 15%
- Accruals (lower is better)Top 30%
- Interest coverBottom 11%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldBottom 19%
- Free-cash-flow yieldBottom 34%
- EBITDA / enterprise valueBottom 23%
- Sales / enterprise valueBottom 4%
- P/E vs own 5-year history (lower is better)Bottom 18%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthTop 28%
- 6-month returnBottom 16%
- 1-year return vs S&P 500Top 35%
- Distance from 52-week highBottom 28%
- Trend checklist (0–4)Bottom 27%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersTop 33%
- Consecutive EPS beatsTop 29%
- Share of analysts rating BuyTop 9%
- Upside to consensus price targetTop 16%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Bottom 33%
- Maximum drawdown, 3 yearsBottom 32%
- Beta vs S&P 500 (lower is better)Top 28%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | -7.8% | 8.1% | ↑ |
| EPS growth (YoY) | -65.3% | -65.1% | ↑ |
| Gross margin | 38.0% | 27.7% | ↓ |
| Operating margin | 9.4% | -3.7% | ↓ |
| FCF margin | 12.2% | 45.0% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 8.1% | -7.8% | ↑ | Top 44% |
| EPS growth (TTM, YoY) | -65.1% | -65.3% | ↑ | Bottom 10% |
| Gross margin | 27.7% | 38.0% | ↓ | Bottom 9% |
| Operating margin | -3.7% | 9.4% | ↓ | Bottom 9% |
| Net margin | 18.6% | 48.0% | ↓ | — |
| Free-cash-flow margin | 45.0% | 12.2% | ↑ | — |
| Return on invested capital | -0.1% | — | Bottom 30% | |
| Revenue growth, 3-year CAGR | 13.9% | — | Bottom 47% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 2.42×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -1.4%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 0.0%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- +5.2 pp
- Interest cover (operating income / interest)How many times operating profit covers interest.
- -0.1×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 4.75%
- Net buyback yield (TTM)
- -2.52%
- Shareholder yield
- 2.22%
- Share count change, 1 year
- +3.8%
- Share count change, 3-year CAGR
- +12.7%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Aug 7, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 4
- Beats in the last 8 reports
- 5 of 8
- Average EPS surprise, last 4
- +8.3%
- Average 2-day reaction, last 8
- -0.9%
- Positive 20 days after report
- 4 of 8
Analysts
- Consensus price target
- $50.17
- Target vs current price
- +38.2%
- Analysts with a rating
- 18
- Share rating Buy or Strong Buy
- 83%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Aug 6, 2026 | +2.6% | +0.2% | +9.6% | +4.3% | — |
| May 7, 2026 | +13.2% | -1.9% | -6.2% | -7.1% | -10.9% |
| Feb 12, 2026 | +1.5% | -3.7% | -0.2% | -4.0% | +10.3% |
| Nov 6, 2025 | +15.9% | -1.3% | +17.2% | +16.0% | +21.8% |
| Aug 7, 2025 | -3.2% | -0.2% | +10.1% | +14.7% | +13.5% |
| May 7, 2025 | +0.0% | -0.2% | +6.0% | -3.0% | -0.5% |
| Feb 13, 2025 | +6.9% | +0.6% | +4.2% | +2.6% | -2.9% |
| Nov 7, 2024 | -5.5% | -0.5% | -15.2% | -4.0% | -14.1% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Aug 6, 2026 | $0.75 | $0.73 | +2.6% | $120.8M |
| May 7, 2026 | $0.77 | $0.68 | +13.2% | $124.2M |
| Feb 12, 2026 | $0.67 | $0.66 | +1.5% | $114.8M |
| Nov 6, 2025 | $0.80 | $0.69 | +15.9% | $227.6M |
| Aug 7, 2025 | $0.60 | $0.62 | -3.2% | $85.7M |
| May 7, 2025 | $0.64 | $0.64 | +0.0% | $184.9M |
| Feb 13, 2025 | $0.62 | $0.58 | +6.9% | $101.3M |
| Nov 7, 2024 | $0.52 | $0.55 | -5.5% | $81.97B |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 68.5× | 29.1× | 86th | Bottom 19% |
| P/E (forward) | 12.0× | — | — | — |
| EV / Sales | 22.22× | — | — | Bottom 4% |
| Free-cash-flow yield | 4.50% | — | — | Bottom 34% |
| Earnings yield | 1.46% | — | — | Bottom 19% |
P/E over the past five years
Range 13.9× – 130.9× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- +16.6%
- Earnings per share growth (TTM)
- -65.1%
- Change in P/E multiple
- +353.9%
Most of the move came from a change in the valuation multiple.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✓ 50-day average above 200-day
- ✓ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- -1.5%
- 200-day average slope (20 days)
- +1.0%
- Distance from 50-day average
- -6.0%
- Distance from 200-day average
- -3.9%
- RSI (14)
- 40.7
- Relative volume
- 1.22×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 26.0%
- Volatility vs own 5-year history
- 5th percentile · Low for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.37
- Correlation with S&P 500
- 0.16
- Current drawdown from 1-year high
- -16.2%
- Maximum drawdown, 3 years
- -36.4%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Jan 12, 2021 | Oct 5, 2023 | -79.5% | 687 days | Not yet recovered |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $4.64B
- P/E (TTM)
- 68.5
- EPS, diluted (TTM)
- $0.53
- Revenue (TTM)
- $462.9M
- Dividend yield
- 4.67%
- 52-week range
- $27.28 – $44.13
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $339.6M | $271.0M | $460.8M | $631.5M | $400.5M |
| Gross profit | $217.9M | $155.5M | $289.8M | $389.1M | $108.1M |
| Operating income | $144.5M | $49.3M | $182.4M | $273.8M | -$27.2M |
| Net income | $126.6M | $41.5M | $148.8M | $200.0M | $184.5M |
| EPS (diluted) | $1.51 | $0.45 | $1.42 | $1.62 | $1.41 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $58.6M | $187.2M | $96.9M | $85.7M | $103.1M | $114.8M | $124.2M | $120.8M |
| Net income | -$19.6M | $70.1M | $56.6M | $98.4M | $83.3M | -$53.8M | -$72.0M | $128.6M |
| EPS (diluted) | -$0.17 | $0.51 | $0.44 | $0.74 | $0.61 | -$0.43 | -$0.57 | $0.92 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $13.3M | $230,000 | $99.7M | $5.9M | $167.3M |
| Capital expenditure | $0 | $0 | $0 | $0 | $0 |
| Free cash flow | $13.3M | $230,000 | $99.7M | $5.9M | $167.3M |
| Dividends paid | -$113.5M | -$132.2M | -$159.8M | -$192.3M | -$209.8M |
| Net share buybacks | $200.6M | $188.9M | $492.4M | $203.5M | $236.7M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $249.9M
- Total assets
- $8.94B
- Total liabilities
- $6.29B
- Total debt
- $5.90B
- Net debt
- $5.65B
- Shareholders’ equity
- $2.54B
As of Jun 30, 2026 (filed Aug 7, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Oct 2, 2026 | $0.43 | Oct 16, 2026 |
| Jul 2, 2026 | $0.43 | Jul 10, 2026 |
| Apr 2, 2026 | $0.43 | Apr 17, 2026 |
| Dec 29, 2025 | $0.42 | Jan 9, 2026 |
| Oct 3, 2025 | $0.42 | Oct 17, 2025 |
| Jul 2, 2025 | $0.42 | Jul 11, 2025 |
| Apr 4, 2025 | $0.42 | Apr 18, 2025 |
| Dec 30, 2024 | $0.42 | Jan 10, 2025 |
Short interest
- Shares sold short
- 14,154,373
- Days to cover
- 10.60
- Change vs previous report
- +1.5%
FINRA short interest, settlement date Sep 15, 2026.