HA SUSTAINABLE INFRA CAP INC Stock Price, News & Analysis

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.

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE: HASI) announced the appointment of Lizabeth “Beth” Ardisana to its Board of Directors effective October 10, 2022. This inclusion enhances the board to nine members, with eight being independent. Ardisana brings her extensive experience from industries like automotive and renewable fuels, providing new insights into growth opportunities in climate solutions. She has a strong background in management roles at Ford Motor Company and leads ASG Renaissance LLC. The company continues to emphasize its commitment to climate-positive investments.

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.