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Companies / Financials / HA Sustainable Infrastructure Capital, Inc.
HASI

HA Sustainable Infrastructure Capital, Inc.

FinancialsHolding & Investment
Ticker HASIANNAPOLIS, MDFiscal year ends DecemberBook value per share $17.77Diluted shares 143.0M

HA Sustainable Infrastructure Capital, Inc. (HASI) operates as a publicly traded investor in sustainable infrastructure assets advancing the energy transition. The company trades on the New York Stock Exchange under the ticker HASI and maintains its website at www.hasi.com. From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$400.50MFY2025
+4.4% year over year
Last 12 mo $462.89M
69.25%FY2025
+62.5 percentage points
Last 12 mo 68.82%
$188.24MFY2025
−7.6% year over year
Last 12 mo $88.30M
7.17%FY2025
−1.4 percentage points
Last 12 mo 3.39%
Cash & financing
$167.32MFY2025
+2759.1% year over year
Last 12 mo $208.53M
$167.32MFY2025
+2759.1% year over year
Last 12 mo $208.53M
2.00FY2025
Was 1.88× a year earlier
Last 12 mo 2.32
138.2MFY2025
+5.9% year over year
Last 12 mo 143.0M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What HA Sustainable Infrastructure Capital, Inc. does

In the company’s own words

HA Sustainable Infrastructure Capital, Inc. (HASI) operates as a publicly traded investor in sustainable infrastructure assets advancing the energy transition. The company trades on the New York Stock Exchange under the ticker HASI and maintains its website at www.hasi.com.

HASI functions as an internally managed investment firm with over 170 full-time investment, operating, and technical professionals. The company deploys capital primarily in income-generating real assets supported by long-term recurring cash flows across three primary climate solutions markets: Behind-the-Meter assets including residential and commercial solar and storage plus energy efficiency projects; Grid-Connected assets encompassing utility-scale solar, wind, and battery energy storage systems; and Fuels, Transport, and Nature investments including renewable natural gas facilities, fleet decarbonization, and ecological restoration projects.

As of December 31, 2025, HASI manages approximately $16.1 billion in assets, with a retained portfolio of $7.6 billion on its balance sheet comprising over 700 individual investments. The portfolio allocation consists of approximately 52 percent Behind-the-Meter assets, 34 percent Grid-Connected assets, and 14 percent Fuels, Transport, and Nature investments. The company's managed assets represent more than 8 gigawatts of solar capacity, more than 7 gigawatts of onshore wind capacity, battery storage capacity exceeding 2 gigawatt-hours, renewable natural gas facilities with capacity to produce over 57 million diesel gallons-equivalent annually, and more than 380 energy efficiency projects.

Over its 30-year operating history, HASI has closed more than 1,300 cumulative investments spanning over 150 different clients. The company completed approximately $4.3 billion in transactions during 2025 and has closed more than $14 billion in transactions since 2020. HASI estimates its investments enable the avoidance of approximately 10 million metric tons of carbon dioxide equivalent annually based on aggregate first-year operations.

The company finances its investments through corporate bonds, bank debt, equity issuances, securitizations, and co-investment structures. HASI maintains long-standing programmatic relationships with leading clean energy project developers, owners, operators, utilities, and energy service companies. The company employs 178 people and operates with a focus on generating attractive risk-adjusted returns while maintaining transparent disclosure on sustainability, impact, and governance matters.

Company details
Sector
Financials
Industry (SIC)
Holding & Investment
Headquarters
ANNAPOLIS, MD
Fiscal year end
December
CIK
1561894
SIC
6799

Financial performance, year by year

Fiscal 2013–2025 · USD
$-60.19M$82.47M$225.13M$367.79M$510.44M2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns HA Sustainable Infrastructure Capital, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

276
funds hold it
0 of 35
superinvestors hold it
$2.28B
held by funds, at market
44.6%
of shares held by funds
8
bond issues held by funds

Largest fund holders · HA Sustainable Infrastructure Capital, Inc.’s weight in each

iShares Core S&P Small-Cap ETF
IJR · iShares Trust
0.27%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%of fund net assets
—of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.16%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.06%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

HA Sustainable Infrastructure Capital, Inc.’s bonds, as funds hold them

Funds report holding 8 issues of HA Sustainable Infrastructure Capital, Inc.’s debt, $1.37B at market value — what funds hold, not the company’s total debt. Weighted-average coupon 6.73%, maturing 2026 to 2056.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do HA Sustainable Infrastructure Capital, Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of HA Sustainable Infrastructure Capital, Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in HA Sustainable Infrastructure Capital, Inc.'s last four quarterly filings that the numbers alone won't show?”
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