HA Sustainable Infrastructure Capital shares have surged 50.4% over the past year, yet Zacks Investment Research maintains a Hold rating as valuation and funding costs offset earnings momentum. First-quarter adjusted earnings of 77 cents per share rose 20% year over year and beat the consensus estimate of 68 cents, while adjusted recurring net investment income increased 29% to $101 million. Management projects 2028 adjusted EPS of $3.50 to $3.60, and the Zacks Consensus Estimate for 2026 and 2027 earnings has moved higher over the past month. However, the stock trades at 12.35 times forward earnings, above the sub-industry average of 10.11 times but below the finance sector and S&P 500, while price-to-book and price-to-cash-flow ratios exceed industry averages. The weighted-average interest rate on debt rose to 6.1% in the first quarter of 2026 from 5.8% in 2025, and the company carries $5.4 billion of debt against $2.3 billion of available liquidity. HASI pays a quarterly dividend of 42.5 cents per share, yielding about 4.5%, but its Value Score of D, Momentum Score of F, and VGM Score of D temper the Growth Score of B.
Hannon Armstrong Sustainable Infrastructure Capital IncMixed signals: earnings beat and raised estimates vs. high valuation, rising debt costs, and poor momentum/ value scores
Apollo Global Management LLC Class A
Ares Management LP