📊 HASI Key Takeaways
Is HA Sustainable Infrastructure Capital, Inc. (HASI) a Good Investment?
HASI exhibits severe fundamental weakness with operating losses of $104.5M against $124.2M revenue (-84.1% operating margin) and negative shareholder returns (ROE -2.8%), indicating a structurally unprofitable business model. While positive free cash flow ($15.6M) and low leverage (0.07x debt/equity) provide downside protection, these cannot offset persistent net losses (-$72.0M) and inability to generate operating profitability at the current scale.
HASI delivers strong operating and net margins with healthy free cash flow generation, indicating resilient core profitability. However, modest growth, sub-1x interest coverage, and declining EPS point to earnings quality and balance sheet pressures that warrant a neutral stance until coverage and per‑share metrics improve.
HA Sustainable Infrastructure Capital, Inc. Key Strengths (HASI)
- Positive free cash flow of $15.6M despite operating losses suggests asset monetization capability
- Very low debt-to-equity ratio (0.07x) provides substantial financial flexibility and low bankruptcy risk
- Large asset base ($8.2B) with moderate liabilities ($5.7B) indicates underlying valuable holdings
- High operating (68.3%) and net (46.1%) margins
- Solid free cash flow with 41.8% FCF margin
- Large asset base with low reported debt/equity (0.06x)
HASI Stock Risks: HA Sustainable Infrastructure Capital, Inc. Investment Risks
- Catastrophic operating margin (-84.1%) and net margin (-57.9%) indicate fundamental business model failure
- Negative interest coverage (-1.1x) shows inability to service debt from operations, unsustainable long-term
- Negative ROE (-2.8%) and ROA (-0.9%) destroying shareholder value; losses improving at inadequate 1.1% pace
- Modest revenue growth (4.4%) insufficient to reach profitability given current cost structure
- Interest coverage at 0.9x signals thin cushion for debt service
- EPS down 13% YoY, indicating dilution or weaker per-share performance
- Middling ROE (6.9%) and modest 4.4% revenue growth
Key Metrics to Watch
- Operating margin trend - must move toward breakeven within 2-3 quarters to validate turnaround
- Gross profit realization - N/A status limits visibility; need clarity on underlying business unit economics
- Cash burn rate relative to $124.5M cash balance - at current losses, runway is limited despite positive FCF
- Interest coverage
- EPS growth
HA Sustainable Infrastructure Capital, Inc. (HASI) Financial Metrics & Key Ratios
💡 AI Analyst Insight
The current ratio below 1.0x warrants monitoring of short-term liquidity.
HASI Profit Margin, ROE & Profitability Analysis
HASI vs Market Sector: How HA Sustainable Infrastructure Capital, Inc. Compares
How HA Sustainable Infrastructure Capital, Inc. compares to Market sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is HA Sustainable Infrastructure Capital, Inc. Stock Overvalued? HASI Valuation Analysis 2026
Based on fundamental analysis, HA Sustainable Infrastructure Capital, Inc. has mixed fundamental signals relative to the Market sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
HA Sustainable Infrastructure Capital, Inc. Balance Sheet: HASI Debt, Cash & Liquidity
HASI Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: HA Sustainable Infrastructure Capital, Inc.'s revenue has grown significantly by 88% over the 5-year period, indicating strong business expansion. The most recent EPS of $1.42 reflects profitable operations.
HASI Revenue Growth, EPS Growth & YoY Performance
HASI Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2026 | $96.9M | $56.6M | $0.44 |
| Q3 2025 | $82.0M | -$19.6M | $-0.17 |
| Q2 2025 | $85.7M | $26.5M | $0.23 |
| Q1 2025 | $96.9M | $56.6M | $0.44 |
| Q3 2024 | $82.0M | -$19.6M | $-0.17 |
| Q2 2024 | $74.3M | $13.5M | $0.14 |
| Q1 2024 | $69.1M | $24.1M | $0.26 |
| Q3 2023 | $60.2M | $21.4M | $0.20 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
HA Sustainable Infrastructure Capital, Inc. Dividends, Buybacks & Capital Allocation
HASI SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for HA Sustainable Infrastructure Capital, Inc. (CIK: 0001561894)
📋 Recent SEC Filings
❓ Frequently Asked Questions about HASI
What is the AI rating for HASI?
HA Sustainable Infrastructure Capital, Inc. (HASI) has a Combined AI Grade of C from Claude (C) and ChatGPT (B) with 70% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are HASI's key strengths?
Claude: Positive free cash flow of $15.6M despite operating losses suggests asset monetization capability. Very low debt-to-equity ratio (0.07x) provides substantial financial flexibility and low bankruptcy risk. ChatGPT: High operating (68.3%) and net (46.1%) margins. Solid free cash flow with 41.8% FCF margin.
What are the risks of investing in HASI?
Claude: Catastrophic operating margin (-84.1%) and net margin (-57.9%) indicate fundamental business model failure. Negative interest coverage (-1.1x) shows inability to service debt from operations, unsustainable long-term. ChatGPT: Interest coverage at 0.9x signals thin cushion for debt service. EPS down 13% YoY, indicating dilution or weaker per-share performance.
What is HASI's revenue and growth?
HA Sustainable Infrastructure Capital, Inc. reported revenue of $124.2M.
Does HASI pay dividends?
HA Sustainable Infrastructure Capital, Inc. pays dividends, with $56.8M distributed to shareholders in the trailing twelve months.
Where can I find HASI SEC filings?
Official SEC filings for HA Sustainable Infrastructure Capital, Inc. (CIK: 0001561894) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is HASI's EPS?
HA Sustainable Infrastructure Capital, Inc. has a diluted EPS of $-0.57.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.
What is HASI's fundamental grade?
Based on our AI fundamental analysis in May 2026, HA Sustainable Infrastructure Capital, Inc. has a C grade with 70% confidence. Review the strengths and risks sections above for full context. This is not investment advice.
Is HASI stock overvalued or undervalued?
Valuation metrics for HASI: ROE of -2.8% (sector avg: 15%), net margin of -57.9% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.
What is HASI's AI grade for 2026?
Our dual AI analysis gives HA Sustainable Infrastructure Capital, Inc. a combined C grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is HASI's free cash flow?
HA Sustainable Infrastructure Capital, Inc.'s operating cash flow is $15.6M, with capital expenditures of $21.0K. FCF margin is 12.6%.
How does HASI compare to other Market stocks?
Vs Default sector averages: Net margin -57.9% (avg: 12%), ROE -2.8% (avg: 15%), current ratio N/A (avg: 1.8).