HASI Beats Q2 Estimates, Lifts 2028 EPS Target on 26% Income Surge
HASI sits 61% above its 52-week low of $24.38.
Summary
HASI delivered a strong Q2, with adjusted EPS of $0.75 beating the $0.73 consensus. GAAP EPS jumped to $0.92 from $0.74 a year ago, driven by a 26% surge in Adjusted Recurring Net Investment Income as the portfolio grew and new investments yielded over 11%. Management raised its 2028 adjusted EPS guidance to $3.55-$3.65, up from $3.50-$3.60, and maintained its >17% adjusted ROE target. This follows a series of successful capital raises, including a $1B green note offering in June and a $2.65B credit facility upsizing in July, providing ample funding for continued asset growth. The raised long-term earnings target signals confidence in sustained high-yield deployment.
At the time of this announcement, HASI was trading at $39.16 on NYSE in the Finance sector, with a market capitalization of approximately $4.9B. The 52-week trading range was $24.38 to $44.13. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.