HASI Issues $600 Million Green Junior Subordinated Notes
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HASI ( (HASI) ) just unveiled an announcement.
On February 27, 2026, HASI issued $600 million of 7.125% Green Junior Subordinated Notes due 2056, guaranteed by several affiliated entities and structured as subordinated, unsecured debt ranking junior to senior obligations but senior to equity. The company plans to use the net proceeds to temporarily repay borrowings under its unsecured revolving credit facility and commercial paper programs or redeem a portion of its 8.00% Senior Notes due 2027, before directing an amount equal to the proceeds into new or existing eligible green projects, enhancing its funding flexibility and reinforcing its role as a provider of green capital for sustainable infrastructure.
The notes carry a fixed 7.125% coupon until November 15, 2031, after which the rate resets every five years to the Five-year U.S. Treasury Rate plus 3.478%, with a floor of 7.125%, and permit interest deferral with compounding until maturity. HASI retained optional redemption features tied to specified dates, tax and rating agency events, and change of control, giving the company balance sheet and capital-structure optionality while offering investors a long-dated, higher-yield green security backed by guarantees from key operating subsidiaries.
The most recent analyst rating on (HASI) stock is a Hold with a $41.00 price target. To see the full list of analyst forecasts on HASI stock, see the HASI Stock Forecast page.
Spark’s Take on HASI Stock
According to Spark, TipRanks’ AI Analyst, HASI is a Neutral.
The score is held back primarily by volatile financial performance (sharp revenue swing, inconsistent cash flows) and elevated leverage. Offsetting this, technicals are favorable, the latest earnings call conveyed strong momentum with credible multi-year targets, and recent funding actions improve liquidity and flexibility; valuation is mixed with a high P/E despite an attractive dividend.
To see Spark’s full report on HASI stock, click here.
More about HASI
HA Sustainable Infrastructure Capital, Inc., known as HASI, operates as a specialty finance company focused on sustainable infrastructure. It provides capital to renewable energy and energy efficiency projects, positioning itself within the green finance market by funding eligible green projects that support decarbonization and climate-focused infrastructure assets.
Average Trading Volume: 1,018,783
Technical Sentiment Signal: Buy
Current Market Cap: $4.73B
Learn more about HASI stock on TipRanks’ Stock Analysis page.
