Welcome to our dedicated page for HA SUSTAINABLE INFRA CAP news (Ticker: HASI), a resource for investors and traders seeking the latest updates and insights on HA SUSTAINABLE INFRA CAP stock.
HA Sustainable Infrastructure Capital, Inc. (HASI) is a New York Stock Exchange-listed investor in sustainable infrastructure assets with a stated focus on advancing the energy transition. Company news and press releases emphasize activity across utility-scale solar, onshore wind, storage, distributed solar and storage, renewable natural gas, energy efficiency, and other climate-related asset classes. As a financial investor in income-generating real assets, HASI regularly reports on transactions, capital markets activity, and portfolio performance.
News about HASI often covers earnings releases and financial results, where the company discusses metrics such as GAAP earnings, Adjusted Earnings, Adjusted Recurring Net Investment Income, Managed Assets, portfolio yields, transaction volumes, and pipeline size. These updates provide insight into how HASI’s portfolio of sustainable infrastructure investments and co-investment structures, including vehicles like CarbonCount Holdings 1 LLC (CCH1), contribute to recurring income and risk-adjusted returns.
Another recurring theme in HASI news is capital formation and balance sheet management. The company issues green debt, such as 8.000% Green Junior Subordinated Notes due 2056, and conducts tender offers for outstanding senior notes. It also amends and upsizes its CarbonCount-based revolving credit facility through additional lender commitments. These announcements explain how HASI funds new investments, refinances existing obligations, and aligns its capital structure with its investment strategy.
HASI news also highlights strategic partnerships and corporate developments. Examples include joint ventures to finance distributed energy assets with counterparties such as Sunrun, expanded commitments with partners like KKR in co-investment vehicles, and leadership changes, such as the appointment of a Chief Operating Officer. Together, these items illustrate how HASI works with developers, utilities, and other institutions to deploy capital into sustainable infrastructure projects.
Investors and observers who follow HASI’s news can expect coverage of quarterly earnings, new investments and joint ventures, green bond and note offerings, credit facility amendments, tender offer activity, and executive appointments, all framed around the company’s role as an investor in sustainable infrastructure assets.
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
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.
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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.