HA Sustainable Infrastructure Capital Prices $400 Million Green Notes Offering
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Should l Buy HASI?
Source: Businesswire
- Bond Offering Size: HA Sustainable Infrastructure Capital priced its $400 million offering of 6.000% green senior unsecured notes on February 19, 2026, with settlement expected on March 2, 2026, providing approximately $395.5 million in net proceeds to strengthen its capital structure.
- Planned Use of Proceeds: The company intends to use the net proceeds from the bond offering to repay a portion of outstanding borrowings under its unsecured revolving credit facility and commercial paper programs, or to redeem part of its 8.00% Senior Notes due 2027, thereby optimizing financial costs and enhancing liquidity.
- Investment in Green Projects: HA plans to allocate the net proceeds to invest in or refinance eligible green projects, including expenditures made within the twelve months prior to the issue date and those planned within two years following the issue date, aiming to promote sustainability and fulfill environmental responsibilities.
- Underwriter Lineup: The bond offering is being jointly managed by several prominent financial institutions, including BofA Securities, Goldman Sachs, and Morgan Stanley, reflecting strong market confidence and support for HA's sustainable infrastructure investments.
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Analyst Views on HASI
Wall Street analysts forecast HASI stock price to rise
13 Analyst Rating
11 Buy
2 Hold
0 Sell
Strong Buy
Current: 37.130
Low
32.00
Averages
40.27
High
50.00
Current: 37.130
Low
32.00
Averages
40.27
High
50.00
About HASI
HA Sustainable Infrastructure Capital, Inc. is an investor in sustainable infrastructure assets advancing the energy transition. The Company’s investments are diversified across multiple asset classes, including utility-scale solar, onshore wind, and storage; distributed solar and storage; renewable natural gas (RNG), and energy efficiency. It partners with clients to deploy real assets that facilitate the energy transition. The Company invests in a variety of asset classes across its three primary climate solutions markets: Behind the Meter; Grid-Connected; and Fuels, Transport, and Nature. Behind the Meter includes residential solar and storage, community solar and commercial and industrial solar, and energy efficiency. Grid-Connected include utility-scale solar, onshore wind, and battery energy storage systems. Fuels, Transport, and Nature include renewable natural gas, fleet decarbonization, and ecological restoration.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
HA Sustainable Infrastructure Capital Prices $600M Green Notes Offering
- Bond Offering Size: HA Sustainable Infrastructure Capital has successfully priced a $600 million offering of 7.125% green junior subordinated notes, expected to settle on February 27, 2026, reflecting strong market demand for green financing.
- Net Proceeds Allocation: After underwriting discounts and expenses, net proceeds are estimated at approximately $592.2 million, which will be used to temporarily repay borrowings under the revolving credit facility or commercial paper programs, enhancing the company's financial flexibility.
- Green Project Investment: Proceeds will be allocated to acquire, invest in, or refinance eligible green projects, including those funded within the past 12 months, demonstrating the company's commitment to sustainability.
- Funds Management Strategy: Pending full investment in eligible green projects, remaining proceeds may be held in interest-bearing accounts or short-term securities, optimizing fund utilization and reducing financial risk.
See More
HA Sustainable Infrastructure Capital Prices $400 Million Green Notes Offering
- Bond Offering Size: HA Sustainable Infrastructure Capital priced its $400 million offering of 6.000% green senior unsecured notes on February 19, 2026, with settlement expected on March 2, 2026, providing approximately $395.5 million in net proceeds to strengthen its capital structure.
- Planned Use of Proceeds: The company intends to use the net proceeds from the bond offering to repay a portion of outstanding borrowings under its unsecured revolving credit facility and commercial paper programs, or to redeem part of its 8.00% Senior Notes due 2027, thereby optimizing financial costs and enhancing liquidity.
- Investment in Green Projects: HA plans to allocate the net proceeds to invest in or refinance eligible green projects, including expenditures made within the twelve months prior to the issue date and those planned within two years following the issue date, aiming to promote sustainability and fulfill environmental responsibilities.
- Underwriter Lineup: The bond offering is being jointly managed by several prominent financial institutions, including BofA Securities, Goldman Sachs, and Morgan Stanley, reflecting strong market confidence and support for HA's sustainable infrastructure investments.
See More
HASI Prices $400 Million Green Senior Unsecured Notes Offering
- Bond Offering Size: On February 19, 2026, HASI priced a $400 million offering of 6.000% green senior unsecured notes, expected to settle on March 2, 2026, demonstrating the company's strong financing capability in sustainable infrastructure investments.
- Use of Net Proceeds: The estimated net proceeds of approximately $395.5 million will be used to temporarily repay portions of outstanding borrowings under the unsecured revolving credit facility and commercial paper programs, enhancing the company's financial flexibility and reducing financing costs.
- Investment in Green Projects: The company plans to utilize the net proceeds for investments in new and existing eligible green projects, covering disbursements made in the past 12 months and those planned for the next two years, reflecting HASI's commitment to sustainability and responsiveness to market demand.
- Underwriting Syndicate: Major financial institutions including BofA Securities and Morgan Stanley are acting as joint book-running managers for the offering, indicating strong market confidence and support for HASI's debt instruments.
See More
HA Sustainable Infrastructure Capital Declares Quarterly Dividend Increase
- Quarterly Dividend Increase: HA Sustainable Infrastructure Capital has declared a quarterly dividend of $0.425 per share, reflecting a 1.2% increase from the previous dividend of $0.420, demonstrating the company's ongoing commitment to stable cash flow and shareholder returns.
- Yield Performance: The forward yield of 4.74% not only attracts income-seeking investors but also indicates the company's financial health in the current economic environment, reinforcing its appeal in the market.
- Dividend Payment Schedule: The dividend is payable on April 17, with a record date of April 2 and an ex-dividend date also set for April 2, ensuring shareholders receive their returns promptly and enhancing investor confidence.
- Earnings Beat Expectations: In Q4 2025, HA Sustainable Infrastructure Capital reported a non-GAAP EPS of $0.67, beating expectations by $0.01, while revenue reached $114.81 million, exceeding forecasts by $86.07 million, showcasing the company's competitive edge and growth potential.
See More
HASI Reports Record Transactions and Growth in 2025
- Record Transaction Volume: HASI closed $4.3 billion in new transactions in 2025, an 87% increase from 2024, marking the highest transaction volume in the company's history, which strengthens its market position and lays a foundation for future growth.
- Sustained Investment Yield Growth: The yield on new investments exceeded 10.5% for the second consecutive year, driving a 10.2% growth in adjusted EPS to $2.70 per share, demonstrating the company's effectiveness in capital allocation and enhanced profitability.
- Increased Asset Management Revenue: Asset management fees and income reached $49 million in 2025, a 32% increase from the prior year, which not only enhances the company's revenue diversity but also strengthens its competitive edge in the sustainable infrastructure sector.
- Improved Capital Efficiency: The company successfully issued $500 million in junior subordinated hybrid notes, reducing reliance on new equity issuance, thereby enhancing capital efficiency and providing stronger financial support for future expansion.
See More
HA Sustainable Infrastructure Capital Q4 Earnings Exceed Expectations
- Earnings Highlights: HA Sustainable Infrastructure Capital reported a Q4 non-GAAP EPS of $0.67, beating expectations by $0.01, with revenue of $114.81 million reflecting a 13.3% year-over-year increase, indicating strong growth potential in the sustainable infrastructure sector.
- Future Outlook: The company anticipates adjusted EPS in the range of $3.50 to $3.60 by 2028, showcasing optimism regarding future profitability, while also expecting an adjusted return on equity exceeding 17%, which further boosts investor confidence.
- Dividend Policy Adjustment: It is projected that annual dividends per share of common stock will decline to less than 50% of annual adjusted EPS by 2028 and below 40% by 2030, a strategy aimed at optimizing capital allocation and supporting long-term growth.
- Market Collaboration: HA Sustainable Infrastructure has launched a $500 million joint venture with Sunrun to finance distributed power development, indicating the company's strategic positioning and intent to expand in the renewable energy market.
See More
HA Sustainable Infrastructure Capital Prices $600M Green Notes Offering
- Bond Offering Size: HA Sustainable Infrastructure Capital has successfully priced a $600 million offering of 7.125% green junior subordinated notes, expected to settle on February 27, 2026, reflecting strong market demand for green financing.
- Net Proceeds Allocation: After underwriting discounts and expenses, net proceeds are estimated at approximately $592.2 million, which will be used to temporarily repay borrowings under the revolving credit facility or commercial paper programs, enhancing the company's financial flexibility.
- Green Project Investment: Proceeds will be allocated to acquire, invest in, or refinance eligible green projects, including those funded within the past 12 months, demonstrating the company's commitment to sustainability.
- Funds Management Strategy: Pending full investment in eligible green projects, remaining proceeds may be held in interest-bearing accounts or short-term securities, optimizing fund utilization and reducing financial risk.
See More
HA Sustainable Infrastructure Capital Prices $400 Million Green Notes Offering
- Bond Offering Size: HA Sustainable Infrastructure Capital priced its $400 million offering of 6.000% green senior unsecured notes on February 19, 2026, with settlement expected on March 2, 2026, providing approximately $395.5 million in net proceeds to strengthen its capital structure.
- Planned Use of Proceeds: The company intends to use the net proceeds from the bond offering to repay a portion of outstanding borrowings under its unsecured revolving credit facility and commercial paper programs, or to redeem part of its 8.00% Senior Notes due 2027, thereby optimizing financial costs and enhancing liquidity.
- Investment in Green Projects: HA plans to allocate the net proceeds to invest in or refinance eligible green projects, including expenditures made within the twelve months prior to the issue date and those planned within two years following the issue date, aiming to promote sustainability and fulfill environmental responsibilities.
- Underwriter Lineup: The bond offering is being jointly managed by several prominent financial institutions, including BofA Securities, Goldman Sachs, and Morgan Stanley, reflecting strong market confidence and support for HA's sustainable infrastructure investments.
See More
HASI Prices $400 Million Green Senior Unsecured Notes Offering
- Bond Offering Size: On February 19, 2026, HASI priced a $400 million offering of 6.000% green senior unsecured notes, expected to settle on March 2, 2026, demonstrating the company's strong financing capability in sustainable infrastructure investments.
- Use of Net Proceeds: The estimated net proceeds of approximately $395.5 million will be used to temporarily repay portions of outstanding borrowings under the unsecured revolving credit facility and commercial paper programs, enhancing the company's financial flexibility and reducing financing costs.
- Investment in Green Projects: The company plans to utilize the net proceeds for investments in new and existing eligible green projects, covering disbursements made in the past 12 months and those planned for the next two years, reflecting HASI's commitment to sustainability and responsiveness to market demand.
- Underwriting Syndicate: Major financial institutions including BofA Securities and Morgan Stanley are acting as joint book-running managers for the offering, indicating strong market confidence and support for HASI's debt instruments.
See More
HA Sustainable Infrastructure Capital Declares Quarterly Dividend Increase
- Quarterly Dividend Increase: HA Sustainable Infrastructure Capital has declared a quarterly dividend of $0.425 per share, reflecting a 1.2% increase from the previous dividend of $0.420, demonstrating the company's ongoing commitment to stable cash flow and shareholder returns.
- Yield Performance: The forward yield of 4.74% not only attracts income-seeking investors but also indicates the company's financial health in the current economic environment, reinforcing its appeal in the market.
- Dividend Payment Schedule: The dividend is payable on April 17, with a record date of April 2 and an ex-dividend date also set for April 2, ensuring shareholders receive their returns promptly and enhancing investor confidence.
- Earnings Beat Expectations: In Q4 2025, HA Sustainable Infrastructure Capital reported a non-GAAP EPS of $0.67, beating expectations by $0.01, while revenue reached $114.81 million, exceeding forecasts by $86.07 million, showcasing the company's competitive edge and growth potential.
See More
HASI Reports Record Transactions and Growth in 2025
- Record Transaction Volume: HASI closed $4.3 billion in new transactions in 2025, an 87% increase from 2024, marking the highest transaction volume in the company's history, which strengthens its market position and lays a foundation for future growth.
- Sustained Investment Yield Growth: The yield on new investments exceeded 10.5% for the second consecutive year, driving a 10.2% growth in adjusted EPS to $2.70 per share, demonstrating the company's effectiveness in capital allocation and enhanced profitability.
- Increased Asset Management Revenue: Asset management fees and income reached $49 million in 2025, a 32% increase from the prior year, which not only enhances the company's revenue diversity but also strengthens its competitive edge in the sustainable infrastructure sector.
- Improved Capital Efficiency: The company successfully issued $500 million in junior subordinated hybrid notes, reducing reliance on new equity issuance, thereby enhancing capital efficiency and providing stronger financial support for future expansion.
See More
HA Sustainable Infrastructure Capital Q4 Earnings Exceed Expectations
- Earnings Highlights: HA Sustainable Infrastructure Capital reported a Q4 non-GAAP EPS of $0.67, beating expectations by $0.01, with revenue of $114.81 million reflecting a 13.3% year-over-year increase, indicating strong growth potential in the sustainable infrastructure sector.
- Future Outlook: The company anticipates adjusted EPS in the range of $3.50 to $3.60 by 2028, showcasing optimism regarding future profitability, while also expecting an adjusted return on equity exceeding 17%, which further boosts investor confidence.
- Dividend Policy Adjustment: It is projected that annual dividends per share of common stock will decline to less than 50% of annual adjusted EPS by 2028 and below 40% by 2030, a strategy aimed at optimizing capital allocation and supporting long-term growth.
- Market Collaboration: HA Sustainable Infrastructure has launched a $500 million joint venture with Sunrun to finance distributed power development, indicating the company's strategic positioning and intent to expand in the renewable energy market.
See More
