Overview

* HASI Q3 2025 revenue missed analyst expectations, adjusted EPS exceeded estimates

* Adjusted EPS rose to $0.80 from $0.52 in Q3 2024

* Company closed a $1.2 bln investment in a 2.6 GW renewable project

Outlook

* HASI expects 2025 Adjusted EPS to grow ~10% year-over-year

* Company reaffirms 8-10% compound annual growth in Adjusted EPS through 2027

* HASI expects dividend payout ratio to decline to 55-60% of Adjusted EPS by 2027

Result Drivers

* ADJUSTED RECURRING NET INVESTMENT INCOME - Increased 42% year-over-year due to larger portfolio and project refinancing proceeds

* PORTFOLIO GROWTH - Managed Assets grew 15% year-over-year to $15.0 billion, driven by new high-yield investments

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Miss $69 mln $100.16

Revenue mln (11

Analysts

)

Q3 Beat $0.80 $0.69

Adjusted (14

EPS Analysts

)

Q3 EPS $0.61

Q3 Net $83 mln

Income

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the investment management & fund operators peer group is "buy"

* Wall Street's median 12-month price target for HA Sustainable Infrastructure Capital Inc ( HASI ) is $39.00, about 25.8% above its November 5 closing price of $28.94

* The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)