HA SUSTAINABLE INFRA CAP INC Stock Price, News & Analysis

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI) will release its first quarter 2023 financial results after market close on May 4, 2023. A conference call will take place at 5:00 p.m. ET to discuss these results, accessible via phone or a live audio webcast on the Company's website. HASI, a leader in climate solutions, manages over $9 billion in assets, focusing on investments that contribute to energy transition. The Company emphasizes its commitment to improving the climate future with each investment. A replay of the call will be available shortly after the event on its website.

ForeFront Power and HASI have announced a follow-on equity investment for a portfolio of distributed solar and solar-plus-storage projects in California, totaling 48.5 MW-DC. The deal, which reached financial close on March 30, 2023, builds on a previous investment in 2022. This new investment supports ForeFront Power's development of solar energy and battery storage projects. Approximately 36 MW of the assets are mechanically complete, with funding to continue upon project completion through year-end. The partnership aims to enhance customer relationships and energy management services while contributing to a climate-positive future.

SunPower (NASDAQ:SPWR) announced securing over $450 million in financing commitments aimed at enhancing its residential solar and storage loan program. The funding comes from HASI (NYSE:HASI) and Crédit Agricole CIB, allowing SunPower to offer loans to customers with terms up to 25 years. This initiative reinforces SunPower's commitment to providing attractive financing options and demonstrates the resilience of consumer credit markets. The financing will allow SunPower to effectively manage growing customer demand, with a reported 99% growth in their loan business in 2022. SunPower plans to participate in the U.S. Treasury's new bonus incentive program for solar lease financing, further supporting energy transition in qualified communities.

Bioenergy Devco has received a $30 million investment from HASI to expand its anaerobic digestion facilities across the U.S. This funding will enhance organic waste recycling and reduce greenhouse gas emissions. The Maryland Bioenergy Center in Jessup will serve as the financing's backbone, promoting sustainable energy resources. Bioenergy Devco is a leader in the construction and operation of anaerobic digestion systems and has developed over 250 facilities globally, highlighting its commitment to a circular economy and climate change mitigation. HASI's investment emphasizes its role in the energy transition.

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE: HASI) has officially adopted the brand name 'HASI' alongside a new logo. The updated branding aims to simplify communication, reflecting the acronym that stakeholders already use. President and CEO Jeffrey A. Lipson emphasized the brand evolution coincides with the company's milestone of nearly a decade as a public entity. The legal name remains unchanged, and the company continues its commitment to 'Investing in Climate Solutions®.' With over $9 billion in managed assets, HASI operates as a key player in climate-positive investments, paving the way for energy transition initiatives.