HA Sustainable Infrastructure Capital, Inc. (HASI) Fair Value 2026

HASI · Asset Management ·

By CirclFi Research Team · Data from SEC EDGAR, FRED & GDELT

Quality Score

7.7 /10

32 fundamental signals · 8 models active

Value Trap Risk

SAFE (18/100)

Quick Summary — As of 2026-08-28, HA Sustainable Infrastructure Capital, Inc. (HASI) trades at $40.00, versus a $20.06 median fair value across its 8 active models — 49.8% below the current price. QOC: 7.7/10. Value Trap Risk: 18/100 (SAFE). 8/13 models active.

Key Facts

Ticker
HASI
Price
$40.00
Quality Score
7.7/10
Value Trap Risk
18/100
Models Active
8/13
Last Updated
Strength: 8 independent models provide multi-angle coverage
Risk: Majority of models suggest overvaluation

Is HA Sustainable Infrastructure Capital, Inc. (HASI) Undervalued or Overvalued in 2026?

According to CirclFi’s 8-model valuation engine, HA Sustainable Infrastructure Capital, Inc. (HASI) appears overvalued as of : the median of 8 independent fair value estimates is $20.06, 49.8% below the current price of $40.00. Estimates range from $0.96 to $46.79. HASI scores 7.7/10 on fundamental quality and 18/100 on value-trap risk.

For context, the median US equity CirclFi rates trades at an implied -23.4% versus its own 13-model consensus, across 3,809 rated companies as of 2026-08-28. HASI’s -49.8% gap is wider than that market norm, and the Asset Management sector median is -4.4%. Full market index →

This verdict compares price to intrinsic value only — it is not a buy or sell rating. For the decision case (bull vs bear arguments, risk factors, peers), read Should You Buy HA Sustainable Infrastructure Capital, Inc. Stock in 2026? →

What Fair Value Does Each Model Give HASI?

8 Intrinsic Value Models vs. Current Price ($40.00)

Core Models (Unlocked)
Model Fair Value Upside
Ensemble · Low Conviction
 $18.47 -53.8%
Scenario · High Conviction
 $21.65 -45.9%
Intrinsic · High Conviction
 $15.15 -62.1%
Intrinsic · Medium Conviction
 $2.67 -93.3%
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What Is HASI's Fair Value Range?

Spread across 8 independent models · $0.96 to $46.79

CirclFi's 8 active models place HA Sustainable Infrastructure Capital, Inc. (HASI) between $0.96 and $46.79 per share, a spread of 228% of the median. The median of that range — $20.06 — is the fair value CirclFi publishes for HASI, against a current price of $40.00.

Low · Sentiment SOTPHigh · PWERM
$0.96median $20.06$46.79
Where the range comes from
Most bearish modelSentiment SOTP$0.96
Most bullish modelPWERM$46.79
Model agreement1 bullish · 7 bearishwide

A band this wide is itself the finding. When independent methods land far apart, they are reading a business whose value depends heavily on which lens you apply — volatile earnings, heavy reinvestment, or an asset base that cash-flow and asset-based methods score differently. That disagreement is information: it says the choice of method matters more than usual for HASI. Treat the median as one reading among several and compare the individual models below before acting.

Every figure above is one model's standalone output on HASI, not a CirclFi price target. How each model works →

What Is HA Sustainable Infrastructure Capital, Inc. (HASI) Worth in 2026?

According to the CirclFi Deep Alpha Valuation Engine, HA Sustainable Infrastructure Capital, Inc.'s intrinsic value is estimated at $20.06, suggesting the stock is overvalued at its current price of $40.00. With 7 out of 8 models flagging downside (-49.8% vs price), the market may be pricing in unsustainable growth. Model dispersion is worth noting: PWERM targets $46.79 (+17.0%), versus Sentiment SOTP at $0.96 (-97.6%). This +114.6% range highlights the importance of multi-model analysis rather than relying on any single methodology.

What Do the Models Say About HASI?

8 of 13 models are currently active for HASI. Of these, 1 model suggests upside while 7 models suggest overvaluation. Taken together, their median fair value for HASI is $20.06 — the figure CirclFi publishes as this stock's fair value. See which stocks rank higher →

How Does HASI Rank in Asset Management?

Among 187 Asset Management stocks, HASI ranks #23 by Quality of Company score. CirclFi's QOC score of 7.7/10 evaluates 32 fundamental signals. A score of 7.7 indicates above-average quality.

See all Most Undervalued Asset Management Stocks →

HA Sustainable Infrastructure Capital, Inc. operates in a competitive landscape where fundamental quality metrics are key differentiators for long-term value creation.

Is HASI a Value Trap?

CirclFi's Value Trap algorithm assigns HASI a score of 18/100 (SAFE). This indicates minimal risk. Fundamentals are healthy. The score cross-references apparent undervaluation against fundamental deterioration signals. Browse lowest value-trap stocks →

Multi-Model Methodology

8 of 13 models are active for HA Sustainable Infrastructure Capital, Inc.. Moderate coverage provides meaningful perspective. Each model applies a fundamentally different valuation philosophy. See the complete methodology →

According to the CirclFi 32-factor quality framework, HA Sustainable Infrastructure Capital, Inc.'s fundamental quality profile registers 7.7/10. This robust score captures the company's profitability depth, growth consistency, balance sheet resilience, and shareholder return track record.

The gap between the most bullish and bearish model spans +114.6% — demonstrating why single-model analysis is dangerous. Browse all stocks with 13-model coverage →

Data Sources & Confidence

Every HASI valuation is built from SEC EDGAR XBRL filings — 700+ standardized financial tags. Macroeconomic context from FRED calibrates discount rates, while GDELT news sentiment feeds into our Sentiment SOTP model. All pipelines run daily. Read the complete data methodology →

Across HASI's 8 active models, average confidence is 37%. Lower confidence may reflect limited history or high volatility.

CirclFi's output is a research starting point, not a buy/sell signal. All data updates daily. Read the full methodology →

This analysis is produced by the CirclFi Valuation Engine using quantitative models applied to SEC EDGAR filings, public market feeds, and FRED macroeconomic indicators. It is not financial advice.

Read the full investment analysis: Should You Buy HA Sustainable Infrastructure Capital, Inc. Stock in 2026? →

Bull case, bear case, risk factors & peer comparison — updated daily

Which Similar Asset Management Stocks Should You Also Analyze?

11 related Asset Management stocks with 13-model coverage

PAXPatria Investments LimitedQOC 7.8TPGTPG Inc.QOC 7.7CGThe Carlyle Group Inc.QOC 7.8BCGBinah Capital Group, Inc.QOC 7.7BLKBlackRock, Inc.QOC 7.9VRTSVirtus Investment Partners, Inc.QOC 7.7WHFWhiteHorse Finance, Inc.QOC 6.2HQLAbrdn Life Sciences InvestorsQOC 4.9OXLCOxford Lane Capital Corp.QOC 3.5HLNEHamilton Lane IncorporatedQOC 9.3AMPAmeriprise Financial, Inc.QOC 9.3

Read investment analysis: PAX · TPG · CG · BCG · BLK · VRTS · WHF · HQL · OXLC · HLNE · AMP

Which Other Stocks Have a Similar Quality Score to HASI?

7 companies across all industries closest to HASI’s Quality of Company score of 7.7/10.

WYNNWynn Resorts, LimitedQOC 7.7HLIOHelios Technologies, Inc.QOC 7.7VZVerizon Communications Inc.QOC 7.7BTMDbiote Corp.QOC 7.7AVYAvery Dennison CorporationQOC 7.7AESThe AES CorporationQOC 7.7NVDANVIDIA CorporationQOC 10.0

Read investment analysis: WYNN · HLIO · VZ · BTMD · AVY · AES · NVDA

Where Does HASI Sit in CirclFi's Asset Management Rankings?

HASI is ranked against every other Asset Management stock CirclFi covers in each of these screens.

See all Asset Management stocks ranked →

What Else Do Investors Ask About HA Sustainable Infrastructure Capital, Inc.’s Valuation?

What is HA Sustainable Infrastructure Capital, Inc.'s intrinsic value in 2026?

CirclFi puts HA Sustainable Infrastructure Capital, Inc. (HASI)'s intrinsic value at $20.06 — the median of 8 independent model estimates as of 2026-08-28, ranging from $0.96 to $46.79. The Quality of Company score is 7.7/10 across 32 fundamental signals. All models use SEC EDGAR filings updated daily. See our methodology page for how each model works.

Is HASI overvalued or undervalued right now?

At $40.00, 1 of 8 active models suggest HASI may be undervalued, while 7 indicate potential overvaluation. The median of all 8 fair value estimates is $20.06, 49.8% below the current price of $40.00 — a consensus view that HASI is overvalued. The assessment depends on which methodology best fits HA Sustainable Infrastructure Capital, Inc.'s business model in Asset Management.

What does a Quality of Company score of 7.7 mean for HASI?

HA Sustainable Infrastructure Capital, Inc.'s QOC of 7.7/10 reflects 32 fundamental signals: profitability margins, revenue growth consistency, balance sheet leverage, free cash flow generation, and capital allocation efficiency. Scores above 7 indicate strong fundamentals and disciplined management.

How many valuation models does CirclFi run on HASI?

CirclFi analyzes HASI with 13 institutional-grade models daily: Bayesian DCF (Monte Carlo + jump-diffusion), EPV (Greenwald zero-growth), EROIC Spread (McKinsey reinvestment), First Chicago (3-scenario), Markov DDM (regime-switching), ML-RIV (machine learning residual income), Dynamic NAV (asset-based), PWERM (option-theoretic), Regime Cross-Sectional (relative), Sentiment SOTP (hybrid), CUCE Ensemble (meta-model), FTNN Topology (neural network), and RCMH-DCF (conditional regime). Currently 8 of 13 are active for this stock. Read the full methodology →

Which valuation models are most bullish and most bearish on HASI?

Of the 8 models currently active on HASI, PWERM is the most bullish at $46.79 per share, and Sentiment SOTP is the most bearish at $0.96. CirclFi's published fair value for HASI is the median of that range, $20.06, not either extreme. The gap between the two ends equals 228% of the median — a wide spread, meaning the methods genuinely disagree and the median should carry less weight. Browse stocks by value-trap risk →

Is HASI a value trap in 2026?

HA Sustainable Infrastructure Capital, Inc.'s Value Trap score is 18/100 (SAFE). This low score indicates the current valuation is not artificially depressed by fundamental deterioration, suggesting genuine opportunity rather than a trap.

Cite this analysis — “According to CirclFi’s 8-model valuation engine, HA Sustainable Infrastructure Capital, Inc. (HASI) has a median fair value of $20.06 — 49.8% below the current price of $40.00 — as of 2026-08-28.” Source: circlfi.com/stock/HASI/ · Methodology
Primary sources for this HASI valuation

Market data for HASI as of ; valuations recomputed .

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