Welcome to our dedicated page for HA SUSTAINABLE INFRA CAP news (Ticker: HASI), a resource for investors and traders seeking the latest updates and insights on HA SUSTAINABLE INFRA CAP stock.
HA Sustainable Infrastructure Capital, Inc. invests in sustainable infrastructure assets tied to the energy transition, generating net investment income, equity method income, gains on asset sales and asset management fees from energy transition assets and infrastructure projects. News about HASI commonly covers quarterly results, new portfolio investments, managed assets, recurring investment income, return metrics, capital actions and guidance.
Company updates also cover capital formation and balance-sheet activity, including unsecured notes, junior subordinated notes, note redemptions and co-investment vehicles such as CarbonCount Holdings 1 LLC. Other recurring themes include investment activity across Grid-Connected, Behind-the-Meter, and Fuels, Transport, and Nature businesses, renewable natural gas exposure, executive appointments and risk oversight.
Hannon Armstrong (NYSE: HASI) reported a GAAP EPS of $1.10 for 2020, down from $1.24 in 2019. However, Distributable EPS increased to $1.55, marking an 11% growth year-on-year. The portfolio grew by 38% to $2.9 billion, with total revenues rising by 32% or $45 million. They announced a dividend increase to $0.35 per share for Q1 2021 and projected a 7% to 10% annual growth in distributable earnings through 2023. A $50 million sustainability-linked credit facility was established, and a $1 million social dividend was declared.
Hannon Armstrong Sustainable Infrastructure Capital (NYSE: HASI) has appointed Clarence D. "Clay" Armbrister and Nancy C. Floyd to its Board of Directors, effective March 1, 2021. This expansion brings the Board to nine members, with eight being independent. Mr. Armbrister, president of Johnson C. Smith University, contributes significant experience in education and finance, enhancing Hannon Armstrong's growth strategy. Ms. Floyd, a clean energy pioneer and managing director of Nth Power, adds expertise in renewable energy and venture capital, aiding the company's navigation of innovative climate technologies.
Hannon Armstrong Sustainable Infrastructure Capital, a leader in climate solutions, released the estimated Federal income tax treatment of its 2020 distributions amounting to $1.355 per share. The report details distributions classified as return of capital. Significant dates include record date December 28, 2020, and payment date January 8, 2021. Shareholders should consult their tax advisors regarding the tax implications of these distributions. Hannon Armstrong manages over $6 billion in assets, focusing on energy efficiency and renewable energy investments.
Hannon Armstrong Sustainable Infrastructure Capital (HASI) will release its fourth quarter and full year 2020 results post-market on February 18, 2021. The earnings conference call is scheduled for 5:00 p.m. ET and will be accessible via phone or webcast. The company, dedicated to climate solutions, manages over $6 billion in assets as of September 30, 2020, focusing on energy efficiency and renewable energy investments. More information is available on the company's Investor Relations website.
Summary not available.
Hannon Armstrong Sustainable Infrastructure Capital (NYSE: HASI) announced the promotion of six key executives effective immediately, including Jeffrey A. Lipson as COO and Susan D. Nickey as Chief Client Officer. These changes aim to bolster Hannon Armstrong's leadership and operational capabilities, aligning with its climate-positive investment strategy. The transition also includes J. Brendan Herron moving to a strategic advisory role after two decades with the company. Hannon Armstrong manages over $6 billion in assets, focusing on sustainable infrastructure investments.
Hannon Armstrong (NYSE: HASI) announced a preferred equity investment in a 1.6 GW renewable energy portfolio developed by Clearway Energy Group. This includes 874 MW of wind and 192 MW of solar along with storage projects across California, Texas, Hawaii, and West Virginia. The investment, reaching financial close on December 21, 2020, totals approximately $663 million, with $200 million funded to date. The portfolio's cash flows are secured by contracts with a diverse group of investment-grade offtakers, and it is expected to avoid 703,000 metric tons of CO2e emissions annually.
Hannon Armstrong Sustainable Infrastructure Capital (NYSE: HASI) has surpassed $6 billion in energy efficiency investments since 2000, marking its 20th anniversary of the Hannon Armstrong Multi-Asset Infrastructure Trust ('HannieMae'). This milestone highlights the company's role in financing large energy projects benefitting smaller investments and is expected to gain further support from the Biden administration. With an average CarbonCount score of 0.38 metric tons of CO2e emissions avoided per $1,000 invested, the company underscores its commitment to sustainability and innovative financing.
ENGIE North America and Hannon Armstrong (NYSE: HASI) announced a partnership to invest in a Distributed Generation (DG) portfolio of solar and solar-plus-storage assets across the U.S. The collaboration aims to finance approximately 70 MW of solar projects in states such as California, Texas, and Massachusetts, enhancing access to renewable energy. Hannon Armstrong will provide capital through a unique financing structure with Morgan Stanley, expanding their relationship. This initiative underscores both companies' commitment to climate action and renewable energy development.