HA Sustainable Infrastructure Capital (NYSE:HASI) is one of the top undervalued asset management stocks to buy. On November 7, Baird revised its outlook on HA Sustainable Infrastructure Capital (NYSE:HASI), increasing the price target from $39 to $40 while maintaining its Outperform rating. The adjustment came after the company’s third-quarter performance, which featured record earnings and an upward revision to its guidance, prompting the firm to update its valuation model.
A day earlier, on November 6, the company delivered strong third-quarter results. The company delivered adjusted earnings per share of $0.80, a significant improvement from $0.52 delivered in the same quarter last year. Adjusted Recurring net Investment Income increased 42% year-over-year to $105 million as managed assets increased 15% to $15 billion. During the quarter, the company closed $649 million in new transactions and is on track to close $3 billion in new transactions by year-end. The company also closed a $1.2 billion investment in a 2.6 GW renewable project, taking its pipeline to more than $6 billion.
During Hannon Armstrong’s Q3 2025 earnings call, CEO Jeff Lipson expressed confidence in the company’s outlook, citing rising energy demand and steady market conditions as key drivers of growth. He said the firm is well-equipped to perform across different rate environments, thanks to strong assets, smart hedging, and its CCH1 platform.
Lipson also highlighted a $6 billion pipeline and steady interest in renewables, energy efficiency, and newer asset classes. He believes the company’s broad investment approach and disciplined execution will support long-term gains and deliver value to shareholders.
HA Sustainable Infrastructure Capital (NYSE:HASI) is an asset management company that invests across various asset classes, including utility-scale solar, onshore wind, storage, distributed solar, and energy efficiency projects.
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Disclosure: None. This article is originally published at Insider Monkey.
