HASI vs TPVG

For growth investors, TriplePoint Venture Growth BDC Corp.

(TPVG) is the stronger pick with 36. 6% revenue growth year-over-year, versus -36. 6% for HA Sustainable Infrastructure Capital, Inc. (HASI). TriplePoint Venture Growth BDC Corp. (TPVG) offers the better valuation at 4. 6x trailing P/E (6. 0x forward), making it the more compelling value choice. Analysts rate HA Sustainable Infrastructure Capital, Inc. (HASI) a "Buy" — based on 17 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

On trailing P/E, TriplePoint Venture Growth BDC Corp.

(TPVG) is the cheapest at 4. 6x versus HA Sustainable Infrastructure Capital, Inc. at 30. 7x. On forward P/E, TriplePoint Venture Growth BDC Corp. is actually cheaper at 6. 0x. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: HA Sustainable Infrastructure Capital, Inc. wins at 2. 87x versus TriplePoint Venture Growth BDC Corp. 's 5. 96x.

Over the past 5 years, HA Sustainable Infrastructure Capital, Inc.

(HASI) delivered a total return of +8. 2%, compared to -19. 0% for TriplePoint Venture Growth BDC Corp. (TPVG). Over 10 years, the gap is even starker: HASI returned +189. 7% versus TPVG's +87. 8%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

By beta (market sensitivity over 5 years), TriplePoint Venture Growth BDC Corp.

(TPVG) is the lower-risk stock at 0. 83β versus HA Sustainable Infrastructure Capital, Inc. 's 1. 05β — meaning HASI is approximately 26% more volatile than TPVG relative to the S&P 500. On balance sheet safety, TriplePoint Venture Growth BDC Corp. (TPVG) carries a lower debt/equity ratio of 133% versus 191% for HA Sustainable Infrastructure Capital, Inc. — giving it more financial flexibility in a downturn.

By revenue growth (latest reported year), TriplePoint Venture Growth BDC Corp.

(TPVG) is pulling ahead at 36. 6% versus -36. 6% for HA Sustainable Infrastructure Capital, Inc. (HASI). On earnings-per-share growth, the picture is similar: TriplePoint Venture Growth BDC Corp. grew EPS 48. 8% year-over-year, compared to -13. 0% for HA Sustainable Infrastructure Capital, Inc.. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

TriplePoint Venture Growth BDC Corp.

(TPVG) is the more profitable company, earning 50. 6% net margin versus 46. 1% for HA Sustainable Infrastructure Capital, Inc. — meaning it keeps 50. 6% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: TPVG leads at 77. 9% versus 66. 2% for HASI. At the gross margin level — before operating expenses — HASI leads at 99. 6%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.

By this metric, HA Sustainable Infrastructure Capital, Inc. (HASI) is the more undervalued stock at a PEG of 2. 87x versus TriplePoint Venture Growth BDC Corp. 's 5. 96x. Both stocks trade at elevated growth-adjusted valuations, so expected growth needs to materialise. On forward earnings alone, TriplePoint Venture Growth BDC Corp. (TPVG) trades at 6. 0x forward P/E versus 14. 6x for HA Sustainable Infrastructure Capital, Inc. — 8. 6x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for TPVG: 60. 7% to $8. 95.

All stocks in this comparison pay dividends.

TriplePoint Venture Growth BDC Corp. (TPVG) offers the highest yield at 18. 4%, versus 3. 5% for HA Sustainable Infrastructure Capital, Inc. (HASI).

For long-horizon retirement investors, TriplePoint Venture Growth BDC Corp.

(TPVG) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 83), 18. 4% yield). Both have compounded well over 10 years (TPVG: +87. 8%, HASI: +189. 7%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

Both stocks operate in the Financial Services sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.

In terms of investment character: HASI is a small-cap income-oriented stock; TPVG is a small-cap high-growth stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.