HASI on NYSE

HA Sustainable Infrastructure Capital, Inc.

American investors company based in Annapolis, incorporated in Delaware.

Price unavailable

Last updated Oct 18, 2026.

Overview

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  • TickerHASI on NYSE
  • IndustryInvestors, NEC
  • HeadquartersAnnapolis, United States
  • Incorporated inDE2
  • Business addressOne Park Place, Suite 200, Annapolis, Md 214012
  • Filer categoryLarge accelerated filer2

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

46.1%Net margin3
4.4%Revenue growth, 20253
6.9%Return on equity3

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Interest52¢$292.4M
  • Income tax15¢$85.2M
  • Profit33¢$184.5M

Out of $400.5M in revenue.3

Where each dollar of operating cash went, fiscal 2025

  • Dividends paid100¢$209.8M

Out of $167.3M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.3

Financial statements

Revenue45673$400.5M in 2025+183% since 2019
0$200.0M$400.0M$600.0M2019: $141.6M$141.6M20192020: $186.9M$186.9M2020+32%2021: $213.2M$213.2M2021+14%2022: $239.7M$239.7M2022+12%2023: $319.9M$319.9M2023+33%2024: $383.6M$383.6M2024+20%2025: $400.5M$400.5M2025+4%
Net income45673$184.5M in 2025+126% since 2019
0$100.0M$200.0M$300.0M2019: $81.6M$81.6M20192020: $82.4M$82.4M2020+1%2021: $126.6M$126.6M2021+54%2022: $41.5M$41.5M2022−67%2023: $148.8M$148.8M2023+259%2024: $200.0M$200.0M2024+34%2025: $184.5M$184.5M2025−8%

Every line of the income statement as filed: the last 3 fiscal years, latest first.3

Period ending2025-12-312024-12-312023-12-31
Gain on sale of assets$65.1M$80.3M$68.6M
Management fees and retained interest income$33.6M$26.1M$19.3M
Origination fee and other income$15.4M$11.3M$2.9M
Total revenue$400.5M$383.6M$319.9M
Interest expense$292.4M$242.4M$171.0M
Provision (benefit) for loss on receivables and retained interests in securitization trusts$12.1M$1.1M$11.8M
Compensation and benefits$92.5M$81.3M$64.3M
General and administrative$30.7M$32.9M$31.3M
Total expenses$427.7M$357.6M$278.5M
Income (loss) before equity method investments-$27.2M$25.9M$41.4M
Income (loss) from equity method investments$300.7M$247.9M$141.0M
Income (loss) before income taxes$273.5M$273.8M$182.4M
Income tax (expense) benefit-$85.2M-$70.2M-$31.6M
Net income (loss)$188.2M$203.6M$150.8M
Net income (loss) attributable to non-controlling interest holders$3.7M$3.6M$1.9M
Net income (loss) attributable to controlling stockholders$184.5M$200.0M$148.8M
Basic earnings (loss) per common share (in usd per share)$1.49$1.72$1.45
Diluted earnings (loss) per common share (in usd per share)$1.41$1.62$1.42
Weighted average common shares outstandingbasic (in shares)123.0M shares115.5M shares101.8M shares
Weighted average common shares outstandingdiluted (in shares)138.2M shares130.5M shares109.5M shares
Interest and rental income$286.4M$265.9M$229.0M

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Leadership

Who has led HA Sustainable Infrastructure Capital, Inc., and when. Pick a name to see everywhere that person has worked.

Board members and other officers (32)

Former names

  • Hannon Armstrong Sustainable Infrastructure Capital, Inc.Nov 9, 2012 to Jul 2, 20242

Timeline

  1. Jul 2, 2024Founded HA Sustainable Infrastructure Capital, Inc. is founded51
  2. Mar 3, 2023New chief executive Jeffrey Lipson becomes CEO11
  3. Apr 17, 2013New chief executive Jeffrey Eckel becomes CEO12

Filings

368 filings to the SEC since October 2021: 10 annual reports, 15 quarterly reports, 85 major events, 161 insider forms, 22 large holders, 75 other. The latest 20:

  1. Aug 19, 2026424B3 EDGAR
  2. Aug 18, 2026EFFECT EDGAR
  3. Aug 13, 2026SCHEDULE 13G/A EDGAR
  4. Aug 10, 2026S-4 EDGAR
  5. Aug 7, 202610-Q EDGAR
  6. Aug 6, 20268-K EDGAR
  7. Jul 20, 20268-K EDGAR
  8. Jun 26, 20268-K EDGAR
  9. Jun 15, 20268-K EDGAR
  10. Jun 5, 20264 EDGAR
  11. Jun 5, 20264 EDGAR
  12. Jun 5, 20264 EDGAR
  13. Jun 5, 20264 EDGAR
  14. Jun 5, 20264 EDGAR
  15. Jun 5, 20264 EDGAR
  16. Jun 5, 20264 EDGAR
  17. Jun 5, 20264 EDGAR
  18. Jun 5, 20264 EDGAR
  19. Jun 5, 20268-K EDGAR
  20. May 22, 20263 EDGAR

The 368 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last three years, summarized. The full record is on SEC EDGAR.

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 22 such filings since October 2021, the latest 10:

  1. Aug 13, 2026SCHEDULE 13G/A
  2. Apr 28, 2026SCHEDULE 13G
  3. Apr 28, 2026SCHEDULE 13G
  4. Mar 26, 2026SCHEDULE 13G/A
  5. Feb 17, 2026SCHEDULE 13G
  6. Feb 10, 2026SCHEDULE 13G/A
  7. Nov 5, 2025SCHEDULE 13G/A
  8. May 12, 2025SCHEDULE 13G
  9. Feb 6, 2025SCHEDULE 13G/A
  10. Nov 8, 2024SC 13G/A

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.21,357,545$834.0M0.0%+1,248,462
Wellington Management Group Llp9,778,291$381.8M0.1%−1,610,320
Vanguard Portfolio Management LLC7,905,349$308.7M0.0%+167,178
Vanguard Capital Management LLC5,773,860$225.5M0.0%+75,961
State Street Corp5,733,734$223.9M0.0%+335,288
Jpmorgan Chase & Co4,475,858$174.6M0.0%+521,369
Alliancebernstein L.P.4,564,467$167.7M0.1%−10,513
Geode Capital Management, LLC3,697,531$144.4M0.0%+606,318
Invesco Ltd.2,850,145$111.3M0.0%+152,941
Amundi2,388,998$93.4M0.0%−33,221
Morgan Stanley2,330,143$91.0M0.0%+286,485
Fmr LLC2,046,349$79.9M0.0%−149,374
Northern Trust Corp1,794,313$70.1M0.0%+217,001
Norges Bank1,736,932$67.8M0.0%New
Rockefeller Capital Management L.P.1,688,146$65.9M0.1%+62,382
Goldman Sachs Group Inc1,683,129$65.7M0.0%−76,500
Schroder Investment Management Group1,662,808$64.8M0.0%−350,662
Erste Asset Management GmbH1,611,218$63.0M0.5%−585,925
Swedbank AB1,591,618$62.2M0.1%+500,090
Neumeier Poma Investment Counsel LLC1,558,663$60.9M4.2%+26,919
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC1,534,959$59.9M0.0%+1,530,079
Bank of New York Mellon Corp1,310,518$51.2M0.0%+38,952
Hood River Capital Management LLC1,301,308$50.8M0.4%−22,602
Charles Schwab Investment Management Inc1,219,918$47.6M0.0%+31,671
Bank Of America Corp /de/1,209,286$47.2M0.0%−218,129

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

10 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Dec 20, 2023Dwight EvansDemocratic, HouseSale$1,001 - $15,000+29.0%Report
Feb 21, 2023Thomas R Carper, SenateBuy$1,001 - $15,000−78.7%Report
Jan 18, 2022Thomas R Carper, SenatePartial sale$1,001 - $15,000+81.8%Report
May 11, 2021Susie LeeDemocratic, HouseSale$1,001 - $15,000+108.8%Report
Oct 14, 2020Dwight EvansDemocratic, HousePartial sale$1,001 - $15,000+142.1%Report
Oct 9, 2020John R. CurtisRepublican, HouseSale$1,001 - $15,000+142.2%Report
Oct 1, 2020Susie LeeDemocratic, HouseBuy$1,001 - $15,000−143.6%Report
Sep 18, 2020Susie LeeDemocratic, HouseBuy$1,001 - $15,000−139.4%Report
Jul 9, 2020Thomas R Carper, SenatePartial sale$1,001 - $15,000+121.2%Report
Mar 4, 2020John R. CurtisRepublican, HouseBuy$1,001 - $15,000−148.9%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

Sources

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