HA SUSTAINABLE INFRA CAP INC Stock Price, News & Analysis

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.

Hannon Armstrong Sustainable Infrastructure Capital (HASI) reported robust financial results for 2021, highlighting a 21% increase in distributable EPS to $1.88 from $1.55 in 2020. The company expanded its portfolio by 24% to $3.6 billion and net investment income increased by 52% to $134 million. A 7% increase in Q1 2022 dividends to $0.375 per share was announced. The company also expects a compounded annual growth rate of 10% to 13% in distributable EPS through 2024. Positive ESG initiatives were emphasized, with an estimated 800,000 metric tons of carbon emissions avoided annually.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE: HASI) reported a total distribution of $1.3900 per share for 2021. The distributions include ordinary income of $0.1950 and a return of capital of $1.1950. The distribution record dates were 12/28/2020, 4/5/2021, 7/2/2021, and 10/1/2021, with payment dates following shortly after. Notably, the January 2022 distribution will be classified as a 2022 distribution for tax purposes. Investors should consult tax advisors regarding their distributions.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE: HASI) will release its fourth quarter and full year 2021 results on February 17, 2022, after market close. A conference call is scheduled for 5:00 p.m. ET, accessible via phone or audio webcast on the company's website. Hannon Armstrong, with over $8 billion in managed assets, focuses on climate solutions, providing capital for energy efficiency and renewable energy projects. The company aims to achieve superior risk-adjusted returns through climate-positive investments.