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.

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE: HASI) announced the appointment of Kimberly A. Reed and Jeffrey A. Lipson to its Board of Directors effective March 1, 2023. With this change, the Board now comprises 11 members, 9 being independent. Reed, a former chairman and CEO of the U.S. Export-Import Bank, will add valuable regulatory insight and financial expertise. Lipson, who previously served as COO and CFO, assumes the CEO role, marking a leadership transition for HASI, which manages over $9 billion in assets focused on climate solutions.

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.