HASI (HASI)
Invests in sustainable infrastructure through balance-sheet, securitization, and co-investment capital.
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Invests across U.S. distributed energy, utility-scale renewables and storage, renewable natural gas, fleet decarbonization, and ecological restoration. Returns come from long-term project cash flows, securitizations, retained interests, and fees on co-investment vehicles, with capital-market access and policy incentives shaping the model.
Invests in U.S. sustainable infrastructure using equity, joint ventures, receivables, securities, and renewable-energy land interests. The portfolio spans Behind the Meter projects including distributed solar, storage, and energy efficiency; Grid-Connected utility-scale solar, wind, and battery storage; and Fuels, Transport, and Nature investments in renewable natural gas, fleet decarbonization, and ecological restoration.
Targets income-producing real assets backed by long-term recurring cash flows. Combines financial structuring with programmatic developer relationships to source, underwrite, and manage investments, earning portfolio interest and equity income, securitization gains and retained interests, plus origination and management fees from co-investment vehicles.
Operates primarily in U.S. energy-transition markets and funds investments with debt, equity, securitizations, and partner capital. Results depend on client origination, project counterparties and performance, capital-market access, borrowing costs, energy prices, government policy and tax incentives, and continued exemption from investment-company registration.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 9, 2026 | Mizuho Securities | Target | Target: $34 | Target: $50 |
| Sep 4, 2026 | UBS | Downgrade | Target: $50 | Target: $44 |
| Aug 18, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $57 | Target: $60 |
| Aug 7, 2026 | Robert W. Baird | Target | Target: $48 | Target: $51 |
| May 27, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $47 | Target: $57 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $249.9M · Total debt $5.90B · Total assets $8.94B · Shareholders' equity $2.54B
- Revenue
- $120.8M
- Operating income
- $9.8M
- Net income
- $128.6M
HistoryDividendAnnual yieldUpcoming
| Institutions | ≈ 103.05% | 132.35M shares | |
|---|---|---|---|
| 415 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 0.36% | 458.9K shares | |
| 8 holders · as of May 22, 2026 | |||
| Adds to | 103.41% | ||
128.43M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
These groups come from separate filings that can overlap, so they add to 103.41%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 16.63% | 21.36M | as of Jun 30, 2026 |
Wellington Management Group LLPInstitution | 7.61% | 9.78M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 6.16% | 7.91M | as of Jun 30, 2026 |
T. Rowe Price Investment Management, Inc.Institution | 5.19% | 6.67M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 4.50% | 5.77M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Feb 17, 2026 | Jeffrey Eckel | director | −134,398 | $39.23 |
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- Blackstone
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- Apollo Global Management
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CompareAfter hours
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| HASI | $37.21 | −0.05% | $4.73B | 69.9 | 12.0 | 10.2 | +41.0% |
| Brookfield Renewable Partners | $29.83 | +0.16% | $9.09B | 64.6 | — | 1.4 | +1.1% |
| Clearway Energy | $30.65 | −0.07% | $6.35B | 40.6 | 69.0 | 4.0 | +22.7% |
| XPLR Infrastructure | $10.89 | +0.78% | $1.02B | 16.2 | 8.6 | 0.9 | +6.5% |
| NextEra Energy | $79.33 | +0.09% | $166.11B | 17.9 | 19.5 | 5.7 | +12.5% |
| Blackstone | $124.50 | +0.36% | $152.70B | 28.1 | 19.3 | 9.5 | +2.4% |
| Apollo Global Management | $124.00 | −0.16% | $73.67B | 28.6 | 12.7 | 2.0 | +63.7% |
| Median | 28.4 | 19.3 | 3.0 | +9.5% |