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Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI)

NYSE - NYSE Delayed Price. Currency in USD
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57.47+0.36 (+0.63%)
At close: 4:00PM EDT
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  • S
    Stormbringer
    Thought for certain Hannon would gain today, of all days. All exchanges in the green and strong. But, an opportunity to buy additional shares.
    Bullish
  • G
    Guy
    Nice to see that this new offering has barely moved the stock price:

    Through its indirect subsidiaries, Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) announced a private offering of $750M in principal amount of senior unsecured notes due 2026.
    Net proceeds will be used to redeem the issuers' 5.250% Senior Notes due 2024 (green bonds); also it plans to utilize for acquiring or refinancing in whole or in part, eligible green projects, which include assets that are neutral to negative on incremental carbon emissions.
    Before the full investment of such net proceeds, the company plans to invest such net proceeds in interest-bearing accounts and short-term, interest-bearing securities which are consistent with the company's intention to continue to qualify for taxation as a REIT.
  • J
    Jonas
    WE GOT A DEAL!!!!!
    The "Green HAL" is on it's way!
    Let's go Hannon.
  • G
    Guy
    I still have a big chunk of my retirement funds in Green growth stocks like ENPH and PLUG. ENPH especially has done well for me (I first bought in when it was in the $2’s) but probably around a year from now when I am closer to retirement I am going to dump a big chunk of my funds here and in other similar plays like AY. My first HASI buy was in early 2018 and this stock has remained one of my favorites. Great company ina great space that has performed really well with much less volatility than many other stocks. Love it.
  • B
    Baeza
    What a nice run today. Let’s finish the day strong.
    Bullish
  • A
    Alec
    Probably won’t be seeing a 3% plus dividend yield for a while. Glad I picked up some more shares when it was. I don’t think they will have a problem with raising capital either.
    Bullish
  • C
    Crux
    Wake up HASI...it's time to go to work! I hope all you loyal longs are added well to your positions through this opportunity. .
  • s
    sumrtym7
    Big money finally going to let HASI run after filling their orders in the mid 40s?
    GLTA
  • s
    sumrtym7
    Getting played like a fiddle. Institutional ownership up from 85% a couple weeks ago to 89% now.
    EPS growth 7-10% per yr.....Dividend growth 3-5% per year , all one needs to focus on whilst the players....play.
  • A
    Andy
    I broke one of my rules yesterday with this stock and averaged up. It’s the only stock I own that I feel confident doing that. This company has a bright future.
  • G
    Guy
    If this holds up today will be my single best day in the markets ever thanks to SPWR $ENPH $HASI and a slew of other green stocks. I invested in this sector because I wanted to be a part of a movement away from fossil fuels but I did not ever think I’d be getting rich quick. Congrats to all of the longs here. We know what a long hard slog it has been but truly green pastures are ahead.
  • G
    Guy
    Another wonderful Q. I sometimes wish I had put all my funds here so that I never have to worry about the market again. We'll need to know why expenses jumped so much this Q.

    • Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) stock jumps 2.7% in after-hours trading after the company says it expects distributable EPS to grow 7%-10% on a compounded annual basis from 2021 to 2023 and annual dividends per share to growth at compound annual of 3%-5% during the same period.
    • The distributable earnings guidance range is relative to a 2023 midpoint of $1.98.
    • Q1 distributable EPS of 43 cents slips from 44 cents in the year-ago quarter.
    • Q1 revenue of $51.7M vs. $40.8M a year ago; interest income of $25.1M rose from $23.9M in Q1 2020; rental income was essentially unchanged at $6.47M.
    • Included in revenue is a gain on sale of receivables and investments of $17.5M in Q1 2021, up from $4.91M in Q1 2020.
    • Q1 total expenses of $48.2M increases from $31.1M
  • G
    Guy
    Well done HASI, yet again! No one knows about you but you are one of my favorite stocks in the renewables and ESG sector and a really steady performer.

    Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) Q2 core EPS of 36 cents beats the average analyst estimate of 32 cents and increased from 30 cents in the year-ago quarter.
    Includes a $2.5M provision for loss on receivables related to a new credit loss standard.
    On a pre-CECL provision basis, Q2 core EPS would be 40 cents.
    Q2 core net investment income of $20.2M increased from $19.2m in Q2 2019.
    Sees 2020 core EPS (pre-CECL provision) exceeding its prior guidance midpoint of $1.43; consensus is $1.48.
    Q2 revenue of $48.6M beats the consensus estimate of $19.7M and increased from $31.3M a year ago.
    Previously: Hannon Armstrong beats on revenue (Aug. 6)
    Bullish
  • J
    Jered
    Plug Power was part of the discussion on the $HASI earnings call, yesterday:

    Ben Kallo -- Baird -- Analyst
    Okay. On the technology part, fuel cells, Jeff, Jeff and Jeff, what do you guys, what are your views on that? then my third one is a bigger picture question.
    Jeffrey W. Eckel -- Chairman and Chief Executive Officer
    Well, I wished I'd bought Plug Power when I had a chance. I got to say that. I kind of missed that one by a mile. Then we always look at things from a carbon lens first. I think the amount of progress in the hydrogen fuel cells is outstanding. We would fundamentally figure out what the carbon count on it is. I think they're proving to be, after almost 30 years of trying, this technology seems quite viable now. So I congratulate those companies. They've been at this a long time and have really built something that can work. To us, it should be part of microgrids and distributed generation future. And again, so long as it's got a acceptable carbon story for us.
  • J
    Jeff
    what I think a lot of people miss about HASI is that in a few years it’s going to be a cash machine. Once placed into service, their projects have a useful life averaging between 15-20 years and these projects generate electricity. This isn’t the type of thing people are just going stop using or switch over to some new provider. You don’t want electricity, you NEED it for just any type of task. No matter the cost, you pay your electric bill and move on. These projects will continue to generate cash until their useful life is up. As these projects generate cash, HASI will be able to enter into new deals but will require less and less secondary financing as each project comes online.

    By acting as a green bank, they limit risk while maintaining flexibility as they’ll be able to continuously adapt to what the market wants.

    HASI is one of my favorite picks for the next decade. This company will be my bridge until Nuclear Fission really starts to come into play in the 2030’s.
  • e
    electricquad
    Someone had posted a question about HASI getting bought out by a bank or something and it looks like it was deleted. It was a reasonable question that merits some discussion. In short I just don't see it happening. I think the main thing to keep in mind is that HASI does not exist for the sake of capitalism, they are taking advantage of capitalism to further social and environmental goals. HASI has been doing this for a long time (30 yrs I think) and they are doing it because it is what they believe in. They are a values driven company pure and simple - they want to see a better tomorrow. If HASI allowed themselves to be bought out (enormous IF), it would be because they felt that the merger would enable them to advance their goals further than they otherwise could. A more likely scenario is that they will strategically sell off assets to utility companies. They have done this in the past and will likely continue to do so. As the projects get bigger these asset dispositions will get bigger.
  • G
    Guy
    JP Morgan analysts are hot on HASI and they are are exactly right:

    "The analysts picked Hannon Armstrong Sustainable Infrastructure Capital Inc. (HASI) as their top "value" idea, saying that the company, a real estate investment trust that finances residential solar and other alternative-energy projects, benefits from its appeal to Environmental, Social and Governance (ESG) and renewable-energy investors and enjoys "significantly lower technology risk within our coverage."
    Bullish
  • S
    STEVEN
    Another solid earnings. Guidance reaffirmed. All Hannon does is deliver.
  • e
    electricquad
    Prediction for the CC and trading response:
    Earnings beat. Robust pipeline. (HASI already indicated this with the new foundation scholarship announced yesterday - they wouldn't spend that money if they didn't have it to spend) However, an analyst will ask 'what does the chip shortage means for future earnings and project origination.' HASI will reply honestly and say 'that is certainly a possibility that could impact us. However, we don't see an immediate effect, but if the impact of the chip shortage or similar disruption becomes more severe on the supply of modules or components it could hurt originations.' That will drive a ~10% dip.

    Currently long and I am waiting for something sub 50 to buy more.
  • e
    electricquad
    Prediction: HASI handily beats analyst estimates, raises annual dividend by 5 cents, and the stock falls $2.50 after hours.