HA Sustainable Infrastructure has delivered three consecutive quarterly earnings beats with 64% net margins that rank at the top of its peer group, but these positives face a significant headwind from a 28% year-over-year revenue decline, deteriorating price momentum, and an extremely elevated put-to-call ratio of 6.5 that signals defensive options positioning — indicating the turnaround thesis is not yet confirmed by fundamental or technical trends.
Thesis pillars
- Options Market Defensive Positioning↑Improving
- Earnings Recovery Three Straight Beats→Stable
- Best In Class Margin Profile→Stable
- +1 more pillar — see the Why tab for full reasoning
Pillars as of Jul 3, 2026, based on the 10-K filed Feb 13, 2026
HA Sustainable Infrastructure C (HASI) Stock Analysis
Financial Services · Asset Management
Sell if holding. Momentum 4.3/10 is below the 5.0 floor at $36.82 — engine's falling-knife protection flags exit rather than catching a breakdown. Specifics: Leverage penalty (D/E 2.2): -1.5; Concentration risk — Product: BTM assets (52.0%).
HASI deploys capital in sustainable infrastructure across three segments—Behind the Meter (52% of portfolio), Grid-Connected (34%), and Fuels, Transport, and Nature (14%). With $16.1 billion in managed assets and a retained portfolio of $7.6 billion, the company earns interest... Read more
Sell if holding. Momentum 4.3/10 is below the 5.0 floor at $36.82 — engine's falling-knife protection flags exit rather than catching a breakdown. Specifics: Leverage penalty (D/E 2.2): -1.5; Concentration risk — Product: BTM assets (52.0%). Chart setup: No clear chart pattern; technical signals are mixed. Score 5.5/10, moderate confidence.
Passes 5/8 gates (favorable risk/reward ratio, clean insider activity, news events none recent, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and earnings proximity 7d<=7d. Suitability: aggressive.
Recent developments
updated 2026-10-29Recent Developments — HA Sustainable Infrastructure C
Latest news
- NEWS HA Sustainable Infrastructure Capital (HASI) Reports Q1: Everything You Need To Know Ahead Of Earnings - StockStory — StockStory positive
- NEWS Rathbones Group PLC Sells 77,222 Shares of HA Sustainable Infrastructure Capital, Inc. $HASI - MarketBeat — MarketBeat neutral
- NEWS Ameresco Forms Neogenyx Biogas Joint Venture with HASI - The Globe and Mail — The Globe and Mail positive
- NEWS Ameresco, HASI Launch $1.8 Billion Biofuels Platform - ESG Today — ESG Today positive
- NEWS Ameresco Forms Biofuels JV With HASI - Moomoo — Moomoo positive
Generated 2026-10-29T11:14:33Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHProductBTM assets52%10-K Item 1: 'Approximately 52% of our Portfolio is invested in BTM assets'
Material Events(8-K, last 90d)
- 2026-03-27Item 5.02LOWHA Sustainable Infrastructure Capital adopted the Executive Protection Plan on March 25, 2026, providing tiered severance benefits to CEO (Tier A), named executive officers (Tier B), and other designated management (Tier C) upon qualifying termination. Plan effective May 1, 2026. No officer departures disclosed.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
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Rating Breakdown
1 floor-breaker
Technicals below the gate floor. Component breakdown shows what dragged the score down.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Momentum 4.3/10 is below the 5.0 floor at $36.82 — engine's falling-knife protection flags exit rather than catching a breakdown. Specifics: Leverage penalty (D/E 2.2): -1.5; Concentration risk — Product: BTM assets (52.0%). Chart setup: No clear chart pattern; technical signals are mixed. Prior stop was $35.34. Score 5.5/10, moderate confidence.
Analyst target: $42.88 (+16.5% upside). Prior stop was $35.34. Stop-loss: $35.34.
Concentration risk — Product: BTM assets (52.0%); Leverage penalty (D/E 2.2): -1.5; Earnings in 7 days (event risk).
HA Sustainable Infrastructure C trades at a P/E of 56.6 (forward 11.0). TrendMatrix value score: 5.1/10. Verdict: Sell.
22 analysts cover HASI with a consensus score of 4.1/5. Average price target: $49.
What does HA Sustainable Infrastructure C do?HASI deploys capital in sustainable infrastructure across three segments—Behind the Meter (52% of portfolio),...
HASI deploys capital in sustainable infrastructure across three segments—Behind the Meter (52% of portfolio), Grid-Connected (34%), and Fuels, Transport, and Nature (14%). With $16.1 billion in managed assets and a retained portfolio of $7.6 billion, the company earns interest income, equity returns, securitization gains, and management fees from income-generating clean energy assets.