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HA Sustainable Infrastructure Capital: Still Bullish, But Leverage And Valuation Taper My Optimism
HA Sustainable Infrastructure Capital is basically a diversified "green" REIT that monetizes its renewable assets through recurring income, securitizations, and fees. That means HASI isn't a bet on a single type of renewable technology, but their scale is meaningful now, and the majority of their revenues are recurring. However, HASI is undoubtedly a very leveraged REIT. That's why optimizing their cost of capital is vital for their long-term success.
