Hannon Armstrong Sustainable Infrastructure Capital Raises $300M in Stock Offering
June 23, 2023
🌥️Trending News
Hannon Armstrong Sustainable ($NYSE:HASI) Infrastructure Capital (HASIC) has just announced that they are offering a stock offering of $300 million. The company is a leader in sustainable infrastructure investments, providing capital to markets such as energy efficiency, renewable energy, and other low-carbon solutions. HASIC’s investors can benefit from tax credits, cash flows, and public policy support, resulting in attractive returns in a low-interest rate environment. The company is headquartered in Annapolis, Maryland, and is a publicly traded Real Estate Investment Trust (REIT) on the New York Stock Exchange. The company also helps to finance clean water and wastewater projects, resilient infrastructure, and emerging technologies.
By providing capital to these projects, HASIC helps to reduce the ecological footprint of the US and create jobs in the sustainable infrastructure sector. The $300 million stock offering will provide HASIC with additional capital to continue their mission of investing in sustainable infrastructure projects. This offering will give investors an opportunity to benefit from the attractive returns that HASIC provides, while also helping to build a more sustainable future. With the additional funds, HASIC will be able to scale up their operations and reach even more customers in need of their services.
Stock Price
The stock opened at $26.8 and closed at $26.7, showing a drop of 0.4% from the previous closing price of 26.8. This offering was a part of Hannon Armstrong’s effort to expand its reach and capitalize on the growing demand for sustainable infrastructure investments. The company is focused on investing in energy efficiency, renewable energy, and other infrastructure projects that will help reduce emissions and create long-term sources of income and growth. The proceeds from this offering are expected to be used to fund future investments in the space, providing investors with greater returns and environmental benefits. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for HASI. More…
| Total Revenues | Net Income | Net Margin |
| 129.5 | 20.26 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for HASI. More…
| Operations | Investing | Financing |
| 80.98 | -945.34 | 873.4 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for HASI. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 5.14k | 3.48k | 17.64 |
Key Ratios Snapshot
Some of the financial key ratios for HASI are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | – |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis
GoodWhale has conducted an analysis of HANNON ARMSTRONG SUSTAINABLE INFRASTRUCTURE CAPITAL’s wellbeing and has concluded that the company is strong in asset, dividend, and medium in growth, profitability. However, the company has a low health score of 3/10 considering its cashflows and debt, making it less likely to pay off debt and fund future operations. Based on this assessment, HANNON ARMSTRONG SUSTAINABLE INFRASTRUCTURE CAPITAL is classified as ‘cow’, a type of company we conclude that has the track record of paying out consistent and sustainable dividends. We believe that investors interested in a company with a track record of consistent and sustainable dividends may be interested in HANNON ARMSTRONG SUSTAINABLE INFRASTRUCTURE CAPITAL. More…
Peers
The company invests in and operates sustainable infrastructure projects, including solar, wind, energy efficiency, and water infrastructure. The company’s competitors include Energetics and Energy Savings Fund – FEEI SPV, Citicore Energy REIT Corp, Canadian Solar Infrastructure Fund Inc.
– Energetics and Energy Savings Fund – FEEI SPV ($LTS:0NS4)
Citicore Energy REIT Corp is a publicly traded real estate investment trust that owns, acquires, and operates a diversified portfolio of real estate assets in the United States. The company’s portfolio includes office, retail, industrial, and multifamily properties. As of 2022, the company’s market cap was $13.35 billion.
– Citicore Energy REIT Corp ($PSE:CREIT)
The company’s market cap is $49.22B as of 2022. The company is a leading global provider of solar power products and services. It designs, manufactures, and sells a full range of solar power products, including solar cells, solar modules, solar systems, solar inverters, and solar power stations. It also develops, finances, builds, owns, and operates solar power plants. The company has a strong presence in North America, Europe, Asia, and Africa.
Summary
Hannon Armstrong Sustainable Infrastructure Capital Inc. recently announced a $300 million stock offering, with the proceeds to be used for general corporate purposes. Investing in this company may provide investors with exposure to the sustainable infrastructure sector, as the company has a strong focus on investments in energy efficiency, renewable energy, and certain other projects that reduce environmental impact. Investors considering this stock offering should do their own due diligence and consider the company’s past performance prior to investing.
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