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Hannon Armstrong Sustainable Infrastructure Capital Inc (HASI)



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Upturn Advisory Summary
04/01/2025: HASI (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type Stock | Historic Profit -59.83% | Avg. Invested days 27 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 3.54B USD | Price to earnings Ratio 17.94 | 1Y Target Price 39.25 |
Price to earnings Ratio 17.94 | 1Y Target Price 39.25 | ||
Volume (30-day avg) 1058452 | Beta 2.03 | 52 Weeks Range 23.01 - 36.01 | Updated Date 04/1/2025 |
52 Weeks Range 23.01 - 36.01 | Updated Date 04/1/2025 | ||
Dividends yield (FY) 5.75% | Basic EPS (TTM) 1.62 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 142.71% | Operating Margin (TTM) 16.49% |
Management Effectiveness
Return on Assets (TTM) 2.99% | Return on Equity (TTM) 8.96% |
Valuation
Trailing PE 17.94 | Forward PE 10.96 | Enterprise Value 7728049664 | Price to Sales(TTM) 25.29 |
Enterprise Value 7728049664 | Price to Sales(TTM) 25.29 | ||
Enterprise Value to Revenue 20.31 | Enterprise Value to EBITDA - | Shares Outstanding 120605000 | Shares Floating 117594851 |
Shares Outstanding 120605000 | Shares Floating 117594851 | ||
Percent Insiders 2.09 | Percent Institutions 111.01 |
Analyst Ratings
Rating 4.47 | Target Price 39.71 | Buy 4 | Strong Buy 9 |
Buy 4 | Strong Buy 9 | ||
Hold 2 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Hannon Armstrong Sustainable Infrastructure Capital Inc

Company Overview
History and Background
Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI) was founded in 1981. Initially, it focused on energy efficiency projects and has evolved into a leading investor in climate solutions, providing capital to companies deploying sustainable infrastructure projects.
Core Business Areas
- Behind-the-Meter: Investments in projects that reduce energy consumption or greenhouse gas emissions at a customer's facility (e.g., energy efficiency retrofits, solar installations).
- Grid-Connected: Investments in projects that generate clean energy or improve the efficiency of the electricity grid (e.g., wind farms, solar farms).
- Sustainable Infrastructure: Investments in projects that support water, transportation, communications, and other critical infrastructure with sustainable characteristics.
Leadership and Structure
Jeffrey Eckel serves as Chairman and CEO. The company is structured as a real estate investment trust (REIT), which allows it to distribute a significant portion of its earnings to shareholders as dividends.
Top Products and Market Share
Key Offerings
- Debt Financing: Provides debt financing for sustainable infrastructure projects. Market share data not readily available. Competitors include banks, private credit funds, and other specialty lenders.
- Equity Investments: Makes equity investments in sustainable infrastructure projects. Market share data not readily available. Competitors include private equity firms and infrastructure funds.
- Real Estate: Owns the title to land and solar power generating equipment. Market share data not readily available. Competitors include project developers and independent power producers.
Market Dynamics
Industry Overview
The sustainable infrastructure market is experiencing significant growth, driven by increasing demand for clean energy, energy efficiency, and sustainable solutions. Government policies and regulations are also playing a role. The market is competitive and evolving.
Positioning
Hannon Armstrong is a leader in providing capital for sustainable infrastructure projects, differentiating itself with its focus on climate solutions and its REIT structure. It has a strong track record and established relationships with project developers and sponsors.
Total Addressable Market (TAM)
The TAM for sustainable infrastructure is estimated to be trillions of dollars globally. Hannon Armstrong is positioned to capture a significant share of this market through its expertise, capital base, and established network.
Upturn SWOT Analysis
Strengths
- Specialized Expertise in Sustainable Infrastructure
- REIT Structure Provides Tax Advantages
- Strong Track Record and Brand Reputation
- Established Relationships with Project Developers
- Access to Capital
Weaknesses
- Reliance on Government Policies and Incentives
- Interest Rate Sensitivity
- Competition from Larger Financial Institutions
- Complexity of Sustainable Infrastructure Projects
- Relatively smaller market cap compared to larger financial institutions.
Opportunities
- Growing Demand for Sustainable Infrastructure
- Expanding into New Markets and Technologies
- Strategic Acquisitions
- Increasing ESG Investment Mandates
- Securitization of sustainable infrastructure assets
Threats
- Changes in Government Policies
- Increased Competition
- Economic Downturn
- Technological Disruptions
- Rising Interest Rates
Competitors and Market Share
Key Competitors
- NEE
- BEP
- AY
- ENPH
Competitive Landscape
HASI differentiates itself with its focus on climate solutions and REIT structure, but it faces competition from larger financial institutions and other specialized lenders. Its competitive advantage lies in its expertise and established relationships.
Major Acquisitions
CounterPointe Energy Solutions
- Year: 2021
- Acquisition Price (USD millions): 45
- Strategic Rationale: Enhanced capabilities in distributed generation and energy efficiency project financing.
Growth Trajectory and Initiatives
Historical Growth: HASI has experienced significant growth in its investment portfolio and revenue over the past decade, driven by the expansion of the sustainable infrastructure market.
Future Projections: Analyst estimates suggest continued growth for HASI, driven by the increasing demand for climate solutions. However, growth rates may vary depending on market conditions and government policies.
Recent Initiatives: Recent initiatives include expanding into new markets, investing in new technologies, and increasing its focus on sustainable infrastructure projects with strong ESG characteristics.
Summary
Hannon Armstrong is a specialized REIT focused on sustainable infrastructure, which positions it well for future growth in the green economy. Its REIT structure provides tax advantages, but its reliance on government policies and interest rate sensitivity pose risks. Its strength lies in its domain expertise, however, it needs to stay competitive with larger financial institutions.
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Sources and Disclaimers
Data Sources:
- Company filings, SEC filings, Investor presentations, Analyst reports, Industry publications, Websites like YCharts, Yahoo Finance and Bloomberg.
Disclaimers:
The data and analysis provided are for informational purposes only and should not be considered investment advice. Investment decisions should be based on independent research and consultation with a qualified financial advisor. Market share data is approximate and may vary depending on the source.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Hannon Armstrong Sustainable Infrastructure Capital Inc
Exchange NYSE | Headquaters Annapolis, MD, United States | ||
IPO Launch date 2013-04-18 | President, CEO & Director Mr. Jeffrey A. Lipson | ||
Sector Financial Services | Industry Asset Management | Full time employees 153 | Website https://www.hasi.com |
Full time employees 153 | Website https://www.hasi.com |
HA Sustainable Infrastructure Capital, Inc., through its subsidiaries, engages in the investment in energy efficiency, renewable energy, and sustainable infrastructure markets in the United States. The company's portfolio includes equity investments, commercial and government receivables, real estate, and debt securities. It invests in climate solution, including Behind-the-Meter that distributes energy projects which reduce energy usage or cost through heating, ventilation, and air conditioning systems, as well as lighting, energy controls, roofs, windows, building shells, and/or combined heat and power systems; Grid-Connected, a renewable energy projects that deploy cleaner energy sources, such as solar, solar-plus-storage, and wind to generate power production; and Fuels, Transport, and Nature, a range of infrastructure assets that are designed to reduce emissions and/or provide environmental benefits in projects beyond the power grid such as transportation and fuels comprising renewable natural gas plants, transportation fleet enhancements, ecological restoration, and other projects. The company was formerly known as Hannon Armstrong Sustainable Infrastructure Capital, Inc. and changed its name to HA Sustainable Infrastructure Capital, Inc. in June 2024. HA Sustainable Infrastructure Capital, Inc. was founded in 1981 and is headquartered in Annapolis, Maryland.
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