HASI ( (HASI) ) has released its Q1 earnings. Here is a breakdown of the information HASI presented to its investors.
HA Sustainable Infrastructure Capital, Inc. (HASI) is a prominent investor in sustainable infrastructure assets, focusing on clean energy markets such as solar, wind, and energy efficiency, with a diversified portfolio exceeding $14 billion in managed assets. In the first quarter of 2025, HASI reported a record $700 million in closed transactions, with a strong pipeline of over $5.5 billion. The company achieved an average yield of over 10.5% on new investments, while managed assets grew by 12% year-over-year to $14.5 billion. Despite a decrease in GAAP EPS from $0.98 to $0.44, adjusted EPS was $0.64, reflecting a slight decline from the previous year. HASI also increased its revolver capacity by $200 million, reaffirming its guidance for 8-10% adjusted EPS growth through 2027 and declaring a quarterly dividend of $0.42 per share. The company’s financial performance highlights include a 14% increase in recurring income to $79 million and a robust funding platform. Despite a decrease in GAAP net income due to lower gains on asset sales and increased expenses, HASI’s adjusted earnings remained stable, supported by growth in adjusted net investment income. Looking ahead, HASI’s management remains optimistic about the company’s prospects, driven by a strong portfolio and favorable market conditions in the U.S. electricity sector.