HA SUSTAINABLE INFRA CAP INC Stock Price, News & Analysis

Hannon Armstrong (NYSE: HASI) announced its Q2 2022 financial results, reporting a GAAP EPS of $(0.21) compared to $0.20 in Q2 2021. Distributable EPS increased by 5% YOY to $0.60. Net Investment Income surged to $11.1 million, with Distributable Net Investment Income rising 44% to $47.9 million. The company closed $340 million in investments this quarter. It declared a $0.375 dividend and expects Distributable EPS to grow at a compound annual rate of 10%-13% through 2024. The portfolio grew to $3.9 billion, reflecting solid growth in sustainable infrastructure investments.

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE: HASI) will announce its second quarter 2022 results on August 4, 2022, after market close. A conference call will follow at 5:00 p.m. ET, accessible via phone or audio webcast. Hannon Armstrong, dedicated to climate solutions, manages $9 billion in assets and focuses on energy efficiency and renewable energy investments. The company emphasizes its commitment to climate-positive investments with superior risk-adjusted returns.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE: HASI) issued a statement refuting allegations made by Muddy Waters Capital in a report dated July 12, 2022. The Company asserted that its financial statements are accurate, compliant with GAAP and SEC regulations, and that its non-GAAP measures, including Distributable Earnings, provide a true representation of cash flow. Hannon Armstrong emphasized that it has adequate cash flow to pay dividends and that its accounting methods, including HLBV, are standard practice. The Company seeks to maintain transparency and defend its reputation in the market.

ForeFront Power has partnered with Hannon Armstrong (NYSE: HASI) to create an equity investment platform for a 131 MW portfolio of distributed solar and solar-plus-storage projects across 10 states, including California and Texas. This collaboration aims to provide additional capital for climate solutions, enhancing ForeFront's development pipeline while managing customer relationships and energy assets. The projects are already energized or scheduled for completion in 2022, indicating strong market momentum for distributed solar generation.

Hannon Armstrong reported Q1 2022 financial results, showing $0.51 GAAP EPS, down from $0.61 in Q1 2021. However, Distributable EPS rose to $0.52, a 21% YOY increase, with Net Investment Income at $10.1 million. The company closed $331 million in investments, a 76% increase YOY, and portfolio growth reached $3.7 billion, up 28%. A $0.375 per share dividend was declared, with expectations for 10% to 13% annual growth in Distributable EPS through 2024.

Hannon Armstrong (NYSE: HASI) will release its first quarter 2022 results on May 3, 2022, after market close, followed by a conference call at 5:00 p.m. ET. Investors can join the call by dialing 1-877-407-0890 or via the audio webcast on their website. With over $8 billion in managed assets, Hannon Armstrong focuses on climate solutions, investing in energy efficiency and renewable energy sectors. A replay of the call will be available afterward on the company's website.

The Hannon Armstrong Foundation (NYSE: HASI) has announced new multi-year partnerships with Groundswell, SEI, and Southface Institute to support community resilience, careers in sustainability, and energy efficiency upgrades. These partnerships aim to improve access to affordable clean energy and provide education opportunities in climate solutions, focusing on historically underserved communities. The initiatives include developing community resilience centers and expanding training programs for the climate workforce, fostering an equitable transition towards a sustainable future.

Hannon Armstrong Sustainable Infrastructure Capital has announced the pricing of a private offering of $200 million in 0.00% green exchangeable senior notes due 2025. The notes will be exchangeable for common stock at an initial exchange price of approximately $56.54 per share, representing a 32.50% premium over the last sale price. Proceeds from this offering will be used to support eligible green projects. The notes are offered only to qualified institutional buyers and are subject to regulatory conditions.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE: HASI) has announced a private offering of $200 million in green exchangeable senior notes due 2025. The offering, subject to market conditions, is led by HAT Holdings I and II, with the intention to utilize proceeds for eligible green projects. The notes, which will yield returns based on their principal accretion, are exchangeable for common stock, providing flexibility for investors. An additional $30 million may be offered to initial purchasers.