HA SUSTAINABLE INFRA CAP INC Stock Price, News & Analysis

Hannon Armstrong Sustainable Infrastructure Capital (NYSE: HASI) will host an Investor Day on March 21 from 8:30 a.m. to 11:30 a.m. EDT in Annapolis, Maryland. Investors can access a live video webcast of the event, including presentation materials, via this link. The event aims to provide insights into HASI's climate solution investments. The company manages over $9 billion in assets, focusing on energy efficiency and renewable energy projects. A replay of the event will be available post-session.

The Board of Directors of Hannon Armstrong Sustainable Infrastructure Capital (NYSE: HASI) announced key executive changes as part of a leadership succession plan, effective March 1, 2023. Jeff Lipson, previously COO and CFO, will take over as President and CEO, succeeding Jeff Eckel, who becomes Executive Chair. Marc Pangburn will step up as CFO from his role as Co-Chief Investment Officer. This transition aims to leverage the experience of the new executives to seize growth opportunities in the climate solutions sector, where Hannon Armstrong manages over $9 billion in assets, focusing on investments in energy efficiency and renewable energy.

Hannon Armstrong Sustainable Infrastructure Capital reported its financial results for 2022, including a GAAP EPS of $0.47, down from $1.51 in 2021, and a Distributable EPS of $2.08, up from $1.88, representing an 11% year-on-year growth. The company's portfolio grew by 19% to $4.3 billion. It achieved a Net Investment Income of $45 million, compared to $11 million in 2021, and increased Distributable Net Investment Income by 34% to $180 million. Hannon Armstrong declared a dividend of $0.395 per share for Q1 2023, a 5.3% increase. Guidance indicates annual dividends are expected to grow by 5% to 8% through 2024.

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE: HASI) will release its Q4 and full year 2022 results after market close on February 16, 2023. A conference call is scheduled for 5:00 p.m. ET, accessible via phone or live audio webcast. This event marks a significant moment for investors as the company, the first U.S. public firm focused solely on climate investments, manages over $9 billion in assets. Hannon Armstrong aims to deliver climate positive investments with superior risk-adjusted returns. For more details, visit their website.

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE: HASI) announced the Federal income tax treatment for 2022 distributions totaling $1.4750 per share. The breakdown includes $0.4641 as ordinary income, $1.0109 as return of capital, and no capital gain. The January 2023 distribution will be reported on the 2023 Form 1099 due to exceeding taxable earnings. This report is crucial for shareholders as they may need to consult tax advisors regarding tax implications. Hannon Armstrong focuses on climate-positive investments and manages over $9 billion in assets.

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE: HASI) has announced the closing of two new investments in renewable energy assets developed by The AES Corporation (NYSE: AES). This includes a 1.3-GW portfolio comprising 17 solar projects and one wind project across six states. With a 49% equity interest in this portfolio, HASI aims to drive growth in renewable energy and battery storage. The investment aligns with both companies' commitment to sustainable energy. The assets have a remaining contract life of approximately 18 years, providing stable cash flows.

Hannon Armstrong Sustainable Infrastructure Capital reported a Q3 2022 GAAP EPS of $0.38, improving from $(0.04) in 2021. The company achieved a 20% year-over-year growth in Distributable EPS, reaching $0.49. Net Investment Income grew to $11.4 million, up from $5.3 million. Investments totaling $273 million were closed during the quarter. A dividend of $0.375 per share was declared. The company anticipates a 10% to 13% CAGR in Distributable Earnings Per Share through 2024.

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE: HASI) will announce its third quarter 2022 results after market close on November 3, 2022. Following the results, a conference call will take place at 5:00 p.m. Eastern Time, accessible via phone and as a webcast on the Company's website. Hannon Armstrong focuses on investments in climate solutions, managing over $9 billion in assets, aiming for superior risk-adjusted returns. For further information, visit hannonarmstrong.com.