HA SUSTAINABLE INFRA CAP INC Stock Price, News & Analysis

HA Sustainable Infrastructure Capital (NYSE: HASI), a leading investor in climate solutions, has scheduled its fourth quarter and full year 2024 earnings release for Thursday, February 13, 2025, after market close. The company will host a conference call at 5:00 p.m. Eastern Time to discuss the results.

Investors can access the conference call by dialing 1-877-407-0890 (Toll-Free) or +1-201-389-0918 (toll). The call will also be available as an audio webcast with slides on HASI's website. A replay will be accessible as an on-demand webcast on the company's website following the event.

HASI (NYSE: HASI) has established a structured equity capital partnership with IGS Solar to finance residential solar and energy storage systems in the United States. The initial equity investment will finance a 71 MW portfolio deployment in 2025, primarily consisting of 25-year homeowner lease contracts across 11 states, with focus on New York, New Jersey, Pennsylvania, and Florida.

IGS Solar, established in 2017, has deployed over $1 billion in residential solar lease and PPA assets, serving approximately 30,000 homeowners across 10 states. Through this new partnership, IGS Solar aims to expand its reach to up to 60,000 customers over the next three years. The collaboration positions IGS Solar for growth as a major residential solar financing provider, offering consumer financial products and asset management services through various installer partners.

HASI announced pricing of a $300 million private offering of 6.375% green senior unsecured notes due 2034. The notes will form part of the company's existing notes class and will be guaranteed by multiple HASI subsidiaries. The settlement is expected on December 12, 2024.

The company estimates net proceeds of approximately $297 million after deducting costs. These funds will temporarily repay portions of its unsecured credit facility and commercial paper program borrowings. HASI plans to use cash equal to the net proceeds to acquire, invest in, or refinance eligible green projects, including those with disbursements made twelve months before and up to two years after the issue date.

Pivot Energy has secured major financing arrangements totaling over $450 million to support the construction of 300 Megawatts of distributed generation solar projects across the United States. The financing includes a debt warehouse facility led by First Citizens Bank and ATLAS SP Partners, along with a structured equity investment from HASI in a new project joint venture. The portfolio comprises 96 projects across nine states, primarily focusing on community solar installations, with the remainder being commercial Power Purchase Agreements. The projects are expected to be operational within two years, representing Pivot's largest financing agreement to date.

HASI reported Q3 2024 results with mixed performance. Managed assets increased 14% year-over-year to $13.1 billion, while the portfolio grew 15% to $6.3 billion. The company closed $396 million in transactions during Q3, bringing YTD total to $1.2 billion. New portfolio investments yielded approximately 10.5%, with total portfolio yield rising to 8.1%. However, GAAP EPS declined to $(0.17) from $0.20 year ago, while Adjusted EPS decreased to $0.52 from $0.62. The company maintained its guidance for 8-10% compound annual growth in adjusted EPS from 2024 to 2026.

HA Sustainable Infrastructure Capital, Inc. (NYSE: HASI), a leading investor in climate solutions, has announced the release date for its third quarter 2024 results. The company will disclose its financial performance after market close on Thursday, November 7, 2024, followed by a conference call at 5:00 p.m. (Eastern Time).

Investors can access the conference call by dialing 1-877-407-0890 (Toll-Free) or +1-201-389-0918 (toll). An audio webcast with slides will also be available on HASI's website. For those unable to attend, a replay will be accessible as an on-demand webcast on the company's website. HASI utilizes its website as a primary channel for distributing material company information, including financial data.

Vision RNG (VRNG) has secured $207 million in project financing from HASI to construct two landfill gas-to-renewable natural gas (LFG-to-RNG) projects in Ohio. The funding includes a $130 million construction facility and a $77 million investment tax credit (ITC) bridge loan. These projects, developed in partnership with WIN Waste Innovations, are expected to initially produce over 2 million MMBtus of RNG annually, with plans to double production within 11 years.

The initiatives aim to reduce approximately 120,000 tons of fossil-based CO2 emissions annually, equivalent to the CO2 produced by over 12 million gallons of gasoline or 250,000 barrels of oil each year. The projects will also create local jobs and contribute to a sustainable energy future by converting landfill gas, a byproduct of waste decomposition, into valuable renewable resources.

HA Sustainable Infrastructure Capital (HASI) reported its second quarter of 2024 results. Key highlights include a 21% YoY increase in managed assets to $13 billion and a 27% YoY growth in its portfolio to $6.2 billion. The company formed a new strategic partnership with KKR, targeting a $2 billion co-investment in sustainable projects over 18 months. HASI issued its first investment-grade bond, raising $700 million at a 6.375% coupon. The company closed $260 million in transactions in Q2 2024 and $823 million in the first half of 2024, consistent with the previous year. Yields on new portfolio investments exceeded 10.5%, with a total portfolio yield of over 8.0%. HASI's GAAP EPS rose to $0.23 from $0.14 a year ago, and adjusted EPS increased to $0.63 from $0.53. The quarterly dividend was declared at $0.415 per share. Net income grew to $26.5 million from $13.5 million. The company's investment activity includes significant contributions to clean energy, with over 300 MW of solar and wind power funded in Q2 2024.

HASI (NYSE: HASI), a leading investor in climate solutions, has announced the release date for its second quarter 2024 earnings report. The company will disclose its results after market close on Thursday, August 1, 2024, followed by a conference call at 5:00 p.m. Eastern Time. Investors can access the call by dialing 1-877-407-0890 (Toll-Free) or +1-201-389-0918 (toll). An audio webcast with slides will also be available on HASI's website. A replay of the call will be accessible as an on-demand webcast on the company's website. HASI utilizes its website to distribute material company information and financial data.