Latest news with #HASI
Yahoo
08-08-2025
- Business
- Yahoo
HA Sustainable Infrastructure Capital Inc (HASI) Q2 2025 Earnings Call Highlights: Strong ...
Release Date: August 07, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points HA Sustainable Infrastructure Capital Inc (NYSE:HASI) reported a strong quarter with a pipeline exceeding $6 billion and new business year-to-date yielding over 10.5%. The company successfully issued $1 billion of term debt, using $900 million to pay off maturing convertible notes and near-term senior debt, showcasing effective capital management. HASI's diversified investment approach across various asset classes helps mitigate risks associated with policy changes and market slowdowns. The company introduced a new metric, Adjusted Recurring Net Investment Income, which is 19% higher year-to-date compared to 2024, indicating strong recurring revenue growth. HASI received its third investment-grade rating, which assists in minimizing the cost of debt and validates its business model. Negative Points Adjusted EPS for the quarter was $0.60, slightly down from the previous quarter due to the timing of gain on sale revenue. The company's transaction activity in Q2 was lower than Q1, attributed to normal course changes in the closing timeline. There is a slight increase expected in the cost of debt next quarter due to recent debt issuance, impacting the total average cost by approximately 20 basis points. The company's cash generation from operations and other portfolio collections showed a downtrend compared to 2024, although it is expected to stabilize. HASI's gain on sale revenue is expected to be more in line with 2021-2023 levels, indicating potential variability in revenue from this source. Q & A Highlights Warning! GuruFocus has detected 5 Warning Signs with HASI. Q: Can you provide details on the acquisition of the service company from Nova and its impact on future earnings? A: Jeff Lipson, President and CEO: Sunstrong, a joint venture 50% owned by HASI, will service the Sonova portfolio. This transaction will scale the business, but its impact on earnings will be seen over time as the servicing platform gains scale. Q: How do you expect your adjusted ROE to trend, especially with the CCH1 funding? A: Jeff Lipson, President and CEO: The incremental ROEs shown are for dollars invested without accounting for expenses. While ROEs on HASI's business are trending upward, influenced by capital efficiency, any increase will likely be gradual rather than a significant jump. Q: How will the CCH1 debt affect your financials and leverage ratio? A: Chuck Melco, CFO: The CCH1 debt is placed at the joint venture level and does not appear on our balance sheet. Rating agencies do not factor it in as long as the debt-to-equity ratio remains under 0.5 to 1, which we intend to maintain. Q: Can you elaborate on the "Next Frontier" investments and their impact on your pipeline? A: Jeff Lipson, President and CEO: The "Next Frontier" investments are new asset classes identified for diversification. While specifics aren't disclosed yet, these investments are in the pipeline and are expected to enhance business diversification. Q: How are you and your clients addressing policy and regulatory changes in the current environment? A: Susan Nicky, Chief Client Officer: The fundamentals remain strong, with clients navigating policy changes through safe harboring. Our pipeline reflects a 12-month outlook, and we expect continued development and planning for the coming years. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
22-07-2025
- Business
- Globe and Mail
HASI Announces Second Quarter 2025 Earnings Release Date and Conference Call
HA Sustainable Infrastructure Capital, Inc. ('HASI,' 'We', 'Our,' or the "Company") (NYSE: HASI), a leading investor in sustainable infrastructure assets, today announced that the Company will release its second quarter 2025 results after market close on Thursday, August 7, 2025, to be followed by a conference call at 5:00 p.m. (Eastern Time). The conference call can be accessed live over the phone by dialing 1-877-407-0890 (Toll-Free) or +1-201-389-0918 (toll). Participants should inform the operator you want to be joined to the 'HASI Second Quarter 2025 Results' call. The conference call will also be accessible as an audio webcast with slides on our website. A replay after the event will be accessible as on-demand webcast on our website. Interested investors and other parties may also listen to a simultaneous webcast of the conference call by logging onto the Investors section of the Company's website at The online replay will be available for a limited time beginning immediately following the call. To learn more about HASI, please visit the Company's website at In addition to filing or furnishing required information to the U.S. Securities and Exchange Commission, HASI uses its website as a channel of distribution of material Company information. Financial and other material information regarding HASI is routinely posted on the Company's website and is readily accessible. About HASI HASI is an investor in sustainable infrastructure assets advancing the energy transition. With more than $14 billion in managed assets, our investments are diversified across multiple asset classes, including utility-scale solar, onshore wind, and storage; distributed solar and storage; RNG; and energy efficiency. We combine deep expertise in energy markets and financial structuring with long-standing programmatic client partnerships to deliver superior risk-adjusted returns and measurable environmental benefits. HA Sustainable Infrastructure Capital, Inc. is listed on the New York Stock Exchange (Ticker: HASI). For more information, please visit
Business Wire
22-07-2025
- Business
- Business Wire
HASI Announces Second Quarter 2025 Earnings Release Date and Conference Call
ANNAPOLIS, Md.--(BUSINESS WIRE)--HA Sustainable Infrastructure Capital, Inc. ('HASI,' 'We', 'Our,' or the "Company") (NYSE: HASI), a leading investor in sustainable infrastructure assets, today announced that the Company will release its second quarter 2025 results after market close on Thursday, August 7, 2025, to be followed by a conference call at 5:00 p.m. (Eastern Time). The conference call can be accessed live over the phone by dialing 1-877-407-0890 (Toll-Free) or +1-201-389-0918 (toll). Participants should inform the operator you want to be joined to the 'HASI Second Quarter 2025 Results' call. The conference call will also be accessible as an audio webcast with slides on our website. A replay after the event will be accessible as on-demand webcast on our website. Interested investors and other parties may also listen to a simultaneous webcast of the conference call by logging onto the Investors section of the Company's website at The online replay will be available for a limited time beginning immediately following the call. To learn more about HASI, please visit the Company's website at In addition to filing or furnishing required information to the U.S. Securities and Exchange Commission, HASI uses its website as a channel of distribution of material Company information. Financial and other material information regarding HASI is routinely posted on the Company's website and is readily accessible. About HASI HASI is an investor in sustainable infrastructure assets advancing the energy transition. With more than $14 billion in managed assets, our investments are diversified across multiple asset classes, including utility-scale solar, onshore wind, and storage; distributed solar and storage; RNG; and energy efficiency. We combine deep expertise in energy markets and financial structuring with long-standing programmatic client partnerships to deliver superior risk-adjusted returns and measurable environmental benefits. HA Sustainable Infrastructure Capital, Inc. is listed on the New York Stock Exchange (Ticker: HASI). For more information, please visit
Business Wire
14-07-2025
- Business
- Business Wire
HASI Welcomes Nitya Gopalakrishnan as Chief Operating Officer
ANNAPOLIS, Md.--(BUSINESS WIRE)--HA Sustainable Infrastructure Capital, Inc. ('HASI,' 'We,' 'Our,' or the 'Company') (NYSE: HASI), a leading investor in sustainable infrastructure assets, today announced the appointment of Nitya Gopalakrishnan as Executive Vice President and Chief Operating Officer. In this role, Ms. Gopalakrishnan will lead the company's technology, data strategy, and operational strategy as HASI continues to scale its investment platform and internal infrastructure to support expected continued growth. Before joining HASI, Ms. Gopalakrishnan spent 25 years at BlackRock, where she held a range of leadership roles focused on driving business transformation, modernizing platforms, and large-scale systems integration. Most recently, she served as Head of Technology Platform and Chief Operating Officer for BlackRock's Separately Managed Accounts (SMA) platform. 'We are delighted Nitya has joined our talented executive team,' said Jeffrey A. Lipson, President and Chief Executive Officer of HASI. 'She brings vast experience leading complex platforms across technology, operations, and business transformations. Her strategic mindset and passion for mission-driven work will be a powerful asset to our executive team as we continue to scale our platform and deepen our impact.' 'I'm excited to join HASI at a time of tremendous opportunity,' said Nitya Gopalakrishnan. 'Its mission-driven culture, strong values, and longstanding commitment to innovation deeply resonate with me. I look forward to partnering with colleagues across the firm to advance our technology and data platform and elevate operational excellence.' About HASI HASI is an investor in sustainable infrastructure assets advancing the energy transition. With more than $14 billion in managed assets, our investments are diversified across multiple asset classes, including utility-scale solar, onshore wind, and storage; distributed solar and storage; RNG; and energy efficiency. We combine deep expertise in energy markets and financial structuring with long-standing programmatic client partnerships to deliver superior risk-adjusted returns and measurable environmental benefits. HA Sustainable Infrastructure Capital, Inc. is listed on the New York Stock Exchange (Ticker: HASI). For more information, please visit
Yahoo
27-06-2025
- Business
- Yahoo
HASI Announces Early Results and Upsizing of Cash Tender Offer for 3.375% Senior Notes Due 2026 and 8.00% Green Senior Unsecured Notes Due 2027
ANNAPOLIS, Md., June 27, 2025--(BUSINESS WIRE)--HA Sustainable Infrastructure Capital, Inc. ("HASI") (NYSE: HASI), a leading investor in sustainable infrastructure assets, today announced the early results of the previously announced tender offer (the "Tender Offer") by its indirect subsidiaries, HAT Holdings I LLC, a Maryland limited liability company ("HAT I") and HAT Holdings II LLC, a Maryland limited liability company ("HAT II," and together with HAT I, the "Company"), to purchase the outstanding notes listed in the table below (collectively, the "Notes" and each a "Series" of Notes). Additionally, the Company announced the increase of the Maximum Aggregate Principal Amount from $500,000,000 to an amount sufficient to accept up to $700,000,000 aggregate principal amount of the Notes (the "Maximum Aggregate Principal Amount"). The Company has also increased the series cap on the 3.375% Senior Notes due 2026 from $250,000,000 to $400,000,000 (as amended, the "Series Cap"). Except as described in this press release, all other terms and conditions of the Tender Offer remain unchanged and are described in the Offer to Purchase dated June 12, 2025 (the "Offer to Purchase"). The Financing Condition for the Tender Offer as described in the Offer to Purchase has been satisfied. Capitalized terms used but not defined in this announcement have the meanings given to them in the Offer to Purchase. According to the information provided by D.F. King & Co., Inc., $920,279,000 in aggregate principal amount of the Notes were validly tendered and not validly withdrawn as of the Early Tender Deadline. In addition, the aggregate principal amount of each Series of Notes that were validly tendered and not validly withdrawn as of the Early Tender Deadline is set forth in the table below. Title of Security CUSIP / ISIN Aggregate Principal Amount Outstanding Prior to the Tender Offer Series Cap Acceptance Priority Level Principal Amount Tendered as of Early Tender Deadline(1) Principal Amount Expected to be Accepted as of Early Tender Time Proration Factor(2) 3.375% Senior Notes due 2026 418751 AE3/ U2467R AE9 $1,000,000,000 $400,000,000 1 $509,215,000 $400,000,000 78.58% 8.00% Green Senior Unsecured Notes due 2027 418751 AL7/ U2467R AF6 $750,000,000 N/A 2 $411,064,000 $300,000,000 73.01% (1) As reported by D.F. King & Co., Inc., the tender and information agent for the Tender Offer. (2) The final proration factor has been rounded to the nearest tenth of a percentage point for presentation purposes. Because the total aggregate principal amount of the Notes validly tendered prior to the Early Tender Deadline exceeds $700,000,000 of Notes to be accepted, the Company does not expect to accept any further tenders of Notes following the Early Tender Deadline. The Company will accept for purchase up to the Maximum Aggregate Principal Amount of Notes validly tendered and not validly withdrawn as shown in the table above and in accordance with the acceptance priority levels specified in the table above and on the cover page of the Offer to Purchase. Holders of Notes validly tendered and not validly withdrawn on or before the Early Tender Deadline and accepted for purchase will be eligible to receive the applicable Total Tender Offer Consideration (as defined in the Offer to Purchase), which includes an Early Tender Premium (as defined in the Offer to Purchase) of $30 per $1,000 principal amount of Notes. The applicable Total Tender Offer Consideration will be determined by reference to a fixed spread specified for such Series of Notes over the yield based on the bid-side price of the applicable U.S. Treasury Security, as described in the Offer to Purchase. The Total Tender Offer Consideration will be calculated by the Dealer Managers (identified below) for the Tender Offer at 9:00 a.m., New York City time, on June 27, 2025. All payments for Notes purchased in connection with the Early Tender Deadline will also include accrued and unpaid interest on the principal amount of Notes tendered and accepted for purchase from the last interest payment date applicable to the relevant Series of Notes up to, but not including, the early settlement date, which is currently expected to be June 30, 2025 (the "Early Settlement Date"). In accordance with the terms of the Tender Offer, the withdrawal deadline was 5:00 p.m., New York City time, on June 26, 2025. As a result, tendered Notes may no longer be withdrawn, except in certain limited circumstances where additional withdrawal rights are required by law (as determined by the Company). Notes that have been validly tendered and not validly withdrawn at or before the Early Tender Deadline and are accepted in the Tender Offer will be purchased, retired and cancelled by the Company on the Early Settlement Date. J.P. Morgan Securities LLC and Citigroup Global Markets Inc. are the Dealer Managers for the Tender Offer. D.F. King & Co., Inc. is the Tender Agent and Information Agent. Persons with questions regarding the Tender Offer should contact J.P. Morgan Securities LLC at +1 (866) 834-4666 (toll free) or +1 (212) 834-3554 (collect) or Citigroup Global Markets Inc. (toll-free) at +1 (800) 558-3745 or +1 (212) 723-6106 (collect). Questions regarding the tendering of Notes and requests for copies of the Offer to Purchase and related materials should be directed to D.F. King & Co., Inc. at (212) 269-5550 (for banks and brokers) or (866) 416-0577 (all others, toll-free) or email HASI@ This news release is neither an offer to purchase nor a solicitation of an offer to sell the Notes. The Tender Offer is made only by the Offer to Purchase and the information in this news release is qualified by reference to the Offer to Purchase dated June 12, 2025. There is no separate letter of transmittal in connection with the Offer to Purchase. None of the Company, HASI, the HASI Board of Directors, the Dealer Managers, the Tender Agent and Information Agent or the trustee with respect to any Notes is making any recommendation as to whether holders should tender any Notes in response to the Tender Offer, and neither the Company nor any such other person has authorized any person to make any such recommendation. Holders must make their own decision as to whether to tender any of their Notes, and, if so, the principal amount of Notes to tender. About HASI HASI is an investor in sustainable infrastructure assets advancing the energy transition. With more than $14 billion in managed assets, HASI's investments are diversified across multiple asset classes, including utility-scale solar, onshore wind, and storage; distributed solar and storage; RNG; and energy efficiency. HASI combines deep expertise in energy markets and financial structuring with long-standing programmatic client partnerships to deliver superior risk-adjusted returns and measurable environmental benefits. Forward-Looking Statements: This release may contain "forward-looking statements," which include information concerning the expected timing for completion of the Tender Offer and the expected settlement date thereof, other terms of the Tender Offer, and other information that is not historical information. When used in this release, the words "outlook," "forecast," "estimates," "expects," "anticipates," "projects," "plans," "intends," "believes," "will" and variations of such words or similar expressions are intended to identify forward-looking statements. All forward-looking statements are based upon current expectations and beliefs and various assumptions. There can be no assurance that the Company will realize these expectations or that these beliefs will prove correct. There are a number of risks and uncertainties that could cause actual results to differ materially from the results expressed or implied by the forward-looking statements contained in this release. Numerous other factors, many of which are beyond HASI's control, could cause actual results to differ materially from those expressed as forward-looking statements. Other risk factors include those that are discussed in HASI's filings with the Securities and Exchange Commission. Any forward-looking statement speaks only as of the date on which it is made, and HASI undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date on which it is made or to reflect the occurrence of anticipated or unanticipated events or circumstances. View source version on Contacts Investors: Aaron Chewinvestors@ 240-343-7526 Media: Kenny Gaylesmedia@ 443-321-5756
