HA Sustainable Infrastructure Capital, Inc. (HASI)

Investors, NEC

Latest Price

$37.52

TTM P/E

64.69

Normalized P/E

29.65

TTM Div Yield

4.50%

Fwd Div Yield

4.53%

Book Value

20.63

P/B Ratio

1.82

Valuation metrics

EPS: $1.41

Book value / share: $20.82

Formula: √(22.5 × EPS × BVPS)

Graham Number

$25.70

29% downside

Norm. op. income: $266M (median of 7yr)

Tax rate: 16%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$14.96

59% downside

EPS: $1.41

Target P/E: 29×

Formula: EPS × P/E

P/E Fair Value

$40.89

+13% upside

100.0% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	21.36M	$834.0M	16.69%	+1.25M	2026-06-30
Wellington Management Group LLP	9.78M	$381.0M	7.64%	-1.61M	2026-06-30
Vanguard Portfolio Management LLC	7.91M	$308.0M	6.18%	+167.2K	2026-06-30
T. Rowe Price Investment Management, Inc.	6.67M	$260.0M	5.21%	-177.1K	2026-06-30
Vanguard Capital Management LLC	5.77M	$225.0M	4.51%	+76.0K	2026-06-30
State Street Corp	5.73M	$223.0M	4.48%	+335.3K	2026-06-30
Alliancebernstein L.P.	4.56M	$167.0M	3.57%	-10.5K	2026-06-30
JPMorgan Chase & Co	4.48M	$174.0M	3.50%	+1.85M	2026-06-30
Geode Capital Management, LLC	3.70M	$144.0M	2.89%	+606.3K	2026-06-30
Invesco Ltd.	2.85M	$111.0M	2.23%	+152.9K	2026-06-30