HA Sustainable Infrastructure Capital Reports Strong Q4 Earnings, Beats Expectations
Annapolis, Md. - HA Sustainable Infrastructure Capital, Inc. (HASI) announced its financial results for the fourth quarter today, reporting net income of $70.1 million. On a per-share basis, the company earned 54 cents. Adjusted for stock option expenses and non-recurring costs, earnings reached 62 cents per share, surpassing analyst expectations.
A Zacks Investment Research survey of seven analysts projected earnings of 58 cents per share. HASI's adjusted revenue of $37.7 million also exceeded Street forecasts, with three analysts expecting $25.9 million. The company reported total revenue of $101.3 million for the quarter.
For the full year, HASI reported a profit of $200 million ($1.62 per share) and revenue of $140.2 million.
These positive results highlight HA Sustainable Infrastructure Capital's strong position in the financing of sustainable infrastructure projects. Investors can access a Zacks stock report on HASI at https://www.zacks.com/ap/HASI.