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Hannon Armstrong Sustainable Infrastructure Capital Inc. (NYSE: HASI) is a prominent financial services firm focused on providing debt and equity financing in the energy efficiency and renewable energy markets. Based in Annapolis, Maryland, the company tailors its investments to support projects that generate long-term, predictable, and recurring cash flows. Hannon Armstrong leverages its extensive industry expertise, having completed its first renewable energy financing over 25 years ago and its first energy efficiency financing more than 15 years ago.
Core Business and Focus:
HASI primarily targets two main areas:
- Energy Efficiency Projects: These projects aim to reduce energy usage and costs in buildings or facilities through the installation or improvement of components such as HVAC systems, lighting, energy controls, roofs, windows, building shells, and combined heat and power systems.
- Renewable Energy Projects: These projects focus on deploying clean energy sources like solar and wind to generate power. Hannon Armstrong provides financing solutions that facilitate the transition to more sustainable energy production methods.
Target Market:
The company provides preferred or senior-level capital to established sponsors and high-credit-quality obligors, including U.S. federal, state, and local governments, Global 1000 corporations, and private developers.
Recent Achievements and Projects:
Hannon Armstrong has been actively involved in significant financing initiatives. For instance, the company recently secured over $300 million in project financing commitments from funds managed by Apollo (NYSE: APO) and ATLAS SP Partners for SunPower's residential solar and storage lease programs. This transaction supports SunPower’s mission to expand access to clean energy solutions across the United States.
Financial Condition:
As a Real Estate Investment Trust (REIT), elected and qualified for federal income-tax purposes since December 31, 2013, Hannon Armstrong has demonstrated robust financial health and stability. The company continues to attract significant investment, enabling it to support a variety of clean energy projects that align with its sustainability goals.
Partnerships:
Hannon Armstrong has established strategic partnerships with key players in the energy sector, such as SunPower Corp. This collaboration underscores its commitment to facilitating the adoption of renewable energy and enhancing energy efficiency nationwide.
Conclusion:
Hannon Armstrong Sustainable Infrastructure Capital Inc. stands as a leader in financing environmentally sustainable energy projects. With a solid foundation in industry knowledge and a focus on providing tailored financial solutions, HASI continues to drive the transition toward a more sustainable energy future.
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.
ENGIE North America and Hannon Armstrong have successfully completed their joint 2.3-GW renewable energy portfolio, including 1.8 GW of wind and 0.5 GW of solar projects. This initiative, which involved 13 projects across five states, is expected to power over 500,000 homes. The final project, a 50 MW solar farm in Virginia, marks the completion of construction that supported over 3,500 local jobs. This partnership highlights their commitment to decarbonization and aims to accelerate climate solutions through large-scale energy projects.
Hannon Armstrong Sustainable Infrastructure Capital reported a Q3 2021 GAAP EPS of $(0.04), down from $0.28 in Q3 2020, but a 14% increase in Distributable EPS to $0.41. Net Investment Income rose to $5.3 million from $3.9 million year-over-year. The company closed $1.1 billion in investments in 2021, including over $200 million in residential solar assets in Q3. A dividend of $0.35 per share was declared. The total portfolio grew 45% YOY to $3.2 billion.
Hannon Armstrong is leading a
Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE: HASI) will announce its third quarter 2021 results on November 4, 2021, after market close, followed by a conference call at 5:00 p.m. ET. Investors can join via phone at 1-844-200-6205 or through a webcast. Hannon Armstrong specializes in climate solutions, managing over $8 billion in assets, focusing on investments in renewable energy and energy efficiency.
Hannon Armstrong Sustainable Infrastructure Capital (NYSE: HASI) has launched a $100 million CarbonCount® Green Commercial Paper Program, the first of its kind in the U.S. This innovative financing initiative allows the company to borrow, repay, and re-borrow funds to invest in projects aimed at reducing carbon emissions. The proceeds will be directed toward Eligible Green Projects such as energy-efficient installations and renewable energy sources. The company emphasizes its commitment to sustainability and transparency in its investment practices.
Hannon Armstrong (NYSE: HASI) reported Q2 2021 financial results, showing significant year-over-year growth. Key highlights include $0.20 GAAP EPS, up from $0.16 in Q2 2020, and $0.57 Distributable EPS, a 42.5% increase from $0.40. The company raised $1 billion in unsecured green bonds at a 3.375% coupon and grew its portfolio by 43% to $3.0 billion. A dividend of $0.35 per share was declared. The company anticipates a 7% to 10% annual growth in distributable earnings per share through 2023.
Hannon Armstrong Sustainable Infrastructure Capital (HASI) will announce its second quarter 2021 results on August 5, 2021, after market close. The announcement will be followed by a conference call at 5:00 p.m. ET, accessible by phone and via a live webcast on the Company's website. Hannon Armstrong focuses on climate solutions, having over $7 billion in managed assets, and aims for superior risk-adjusted returns in energy efficiency and renewable energy sectors.
Hannon Armstrong (NYSE: HASI) announced the upsizing and pricing of its private offering of $1 billion in 3.375% senior unsecured notes due 2026, increasing from a previous amount of $750 million. The settlement is expected on June 28, 2021. The proceeds will first redeem existing 5.250% senior notes due 2024 and subsequently finance eligible green projects aimed at reducing carbon emissions. This offering is tailored for qualified institutional buyers and non-U.S. persons, and is not registered under the Securities Act.
Hannon Armstrong Sustainable Infrastructure Capital (NYSE: HASI) announced a private offering of $750 million in senior unsecured notes due 2026. The notes will be guaranteed by Hannon Armstrong and its subsidiaries. Net proceeds will be used to redeem existing 5.250% Senior Notes due 2024 and to fund green projects that are neutral to negative in terms of carbon emissions. The offering is aimed at qualified institutional buyers and will not be registered under U.S. securities laws.
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