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. (HASI) is a New York Stock Exchange-listed investor in sustainable infrastructure assets with a stated focus on advancing the energy transition. Company news and press releases emphasize activity across utility-scale solar, onshore wind, storage, distributed solar and storage, renewable natural gas, energy efficiency, and other climate-related asset classes. As a financial investor in income-generating real assets, HASI regularly reports on transactions, capital markets activity, and portfolio performance.
News about HASI often covers earnings releases and financial results, where the company discusses metrics such as GAAP earnings, Adjusted Earnings, Adjusted Recurring Net Investment Income, Managed Assets, portfolio yields, transaction volumes, and pipeline size. These updates provide insight into how HASI’s portfolio of sustainable infrastructure investments and co-investment structures, including vehicles like CarbonCount Holdings 1 LLC (CCH1), contribute to recurring income and risk-adjusted returns.
Another recurring theme in HASI news is capital formation and balance sheet management. The company issues green debt, such as 8.000% Green Junior Subordinated Notes due 2056, and conducts tender offers for outstanding senior notes. It also amends and upsizes its CarbonCount-based revolving credit facility through additional lender commitments. These announcements explain how HASI funds new investments, refinances existing obligations, and aligns its capital structure with its investment strategy.
HASI news also highlights strategic partnerships and corporate developments. Examples include joint ventures to finance distributed energy assets with counterparties such as Sunrun, expanded commitments with partners like KKR in co-investment vehicles, and leadership changes, such as the appointment of a Chief Operating Officer. Together, these items illustrate how HASI works with developers, utilities, and other institutions to deploy capital into sustainable infrastructure projects.
Investors and observers who follow HASI’s news can expect coverage of quarterly earnings, new investments and joint ventures, green bond and note offerings, credit facility amendments, tender offer activity, and executive appointments, all framed around the company’s role as an investor in sustainable infrastructure assets.
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.
Hannon Armstrong Sustainable Infrastructure Capital (HASI) has announced the pricing of a $700 million private offering of 6.375% green senior unsecured notes due 2034. The notes, guaranteed by several affiliated entities, are set to settle on July 1, 2024, pending customary closing conditions. Net proceeds of approximately $688 million will be used to repay parts of the company's unsecured credit facility and buy back some of its 6.00% senior notes due 2025. Remaining funds will be invested in or refinance eligible green projects. The notes are being offered to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S.
Hannon Armstrong Sustainable Infrastructure Capital (HASI) has announced that it received a BBB- investment grade credit rating from Fitch Ratings. This is HASI's second investment grade rating, with the first being a Baa3 rating from Moody’s since June 2022. Fitch highlighted HASI's enhanced business profile, improved funding flexibility, strong asset quality, solid operating performance, and leverage within the targeted range. The upgrade is also attributed to HASI's proven track record in renewable energy financing, robust securitization platform, enhanced liquidity, and experienced management. According to CFO Marc Pangburn, this dual investment grade status will allow HASI's bonds to be included in investment grade indices, increasing access to low-cost, long-duration debt capital.
Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI) reported Q1 2024 results, including a $2b partnership with KKR. They achieved $0.98 GAAP EPS, a 36% increase in portfolio, and a 24% growth in managed assets. They closed $562 million of investments. The sustainability initiatives will avoid 520,000 metric tons of carbon emissions annually. The company expects 8-10% annual growth in adjusted EPS from 2024 to 2026.
Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI) and KKR have established a $2 billion strategic partnership to invest in climate positive projects in the U.S. through CarbonCount Holdings 1 (CCH1). Each company has committed up to $1 billion to CCH1 for clean energy assets over 18 months. HASI will manage CCH1, measure emissions, and focus on renewable energy projects. The partnership aims to accelerate the energy transition and reduce reliance on public equity markets.
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