Triple Moving Average Crossover
|Bid||29.78 x 900|
|Ask||29.82 x 800|
|Day's Range||28.93 - 29.87|
|52 Week Range||15.01 - 39.91|
|Beta (5Y Monthly)||1.52|
|PE Ratio (TTM)||21.65|
|Earnings Date||Jul 30, 2020 - Aug 03, 2020|
|Forward Dividend & Yield||1.36 (4.59%)|
|Ex-Dividend Date||Jul 01, 2020|
|1y Target Est||36.00|
Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("Hannon Armstrong") (NYSE: HASI), a leading investor in climate change solutions, today announced a newly-formed partnership with a subsidiary of ENGIE S.A., the largest independent power producer (IPP) and energy efficiency services provider in the world, that will own a 2.3 gigawatt (GW) portfolio of wind and utility-scale solar assets.
Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("Hannon Armstrong," or the "Company") (NYSE: HASI), a leading investor in climate change solutions, today announced that effective as of market close on June 19, 2020, Hannon Armstrong is now classified by FTSE Russell as a Specialty REIT. Effective after market close September 18, 2020, the entire Russell platform will begin using a slightly different structure. At this time, Hannon Armstrong will become classified under the Infrastructure REIT subsector.
Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("Hannon Armstrong," or the "Company") (NYSE: HASI), a leading investor in climate change solutions, today announced that its Board of Directors declared a quarterly cash dividend of $0.34 per share of common stock, payable on July 9, 2020, to stockholders of record on July 2, 2020. Based upon the Company's common stock closing price of $29.39 per share on June 4, 2020, the dividend represents an annualized yield of 4.6%.
New York Mortgage Trust's (NYMT) Q1 results are expected to reflect a decline in book value and investment portfolio amid volatility in mortgage and credit markets during the quarter.
CEOs and representatives from more than 330 businesses, including Capital One, General Mills, Microsoft, Nike, Salesforce, Visa and others are calling on bipartisan federal lawmakers to build back a better economy by infusing resilient, long-term climate solutions into future economic recovery plans.
Earlier this afternoon Hannon Armstrong distributed a press release detailing our first-quarter 2020 results, a copy of which is available on our website. Before the call begins, I would like to remind you that some of the comments made in the course of this call are forward-looking statements and within the meaning of Section 27A of the Securities Act of 1933 as amended and Section 21E of the Securities and Exchange Act of 1934 as amended. The company claims the protection of the safe harbor for forward-looking statements contained in such sections.
Hannon Armstrong (HASI) delivered earnings and revenue surprises of 19.44% and 5.63%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("Hannon Armstrong," "we," "our" or the "Company") (NYSE: HASI), a leading investor in climate change solutions, today reported results for the first quarter of 2020.
The number of attractive dividend-paying stocks may be dwindling, but investors can still find some high-yielding, electrifying opportunities.
Buy low, sell high — that’s the mantra for making money in the stock market, right?And the first part of the process sounds simple enough: Find a cheap stock with a low price-to-earnings ratio, buy it — then wait for it to rise in price.Problem is, some stocks are cheap for a reason. No matter how cheaply you buy them, there’s no guarantee they’ll go up. So how do you improve your chances of finding a winner?TipRanks uses a system called Smart Score. Crunching data on Wall Street sentiment, buying activity by insiders and hedge funds, and other factors — including, yes, low P/E — TipRanks assigns each stock a smart score rating indicating a level of confidence that it will outperform the market, on an easy to understand scale of 1 to 10.Those stocks at the tippety top of the scale score a perfect 10 — and over the last nine years they’ve outperformed the average S&P 500 stock by nearly 50%.We’ve pulled up three "perfect 10" stocks that tick every box, to find out why they are poised to make gains even in today’s difficult market environment.Change Healthcare (CHNG)The first "perfect 10" name on today’s list is Change Healthcare, a software company that provides solutions for analysis, connectivity, communication, payment, and workflow optimization for healthcare providers. Change’s products connect patients, payers, and providers in the health system. In the current pandemic situation, a company that connects the data dots for the healthcare system should find itself in demand.Change reported its fiscal third quarter results in February, its third since going public, and beat the earnings estimates by 10%. EPS came in at 33 cents, and revenue was $808.2 million.In recent weeks, Change has taken concrete steps to makes its data services useful for the healthcare industry generally, opening a COVID-19 Updates and Resources hub, and a CARES Act Advisory resource hub, to make information available to interested parties who will be impacted by governmental measures taken to combat the epidemic.5-star analyst Steven Halper, of Cantor Fitzgerald, is impressed by CHNG’s prospect and policies, especially given the pandemic situation, writing, “While COVID is likely to be a near-term headwind to its financial results, the company has launched a number of solutions aimed at addressing customers' COVID-related issues... We maintain our view that CHNG should continue to increase its market share due to its differentiated data-driven and network-based approach.”In line with his bullish view, Halper gives the stock a Buy rating with a $20 price target that suggests an impressive upside of 96%. (To watch Halper’s track record, click here)Credit Suisse analyst Jailendra Singh agrees that CHNG is a stock to buy. In comments on the stock, Singh points out the company’s favorable debt position and the positive forward outlook for profits after the epidemic, when the healthcare system restarts elective procedures and sees a consequent surge in demand for data and payment processing services.Singh’s Buy rating is backed by a $16 price target, which while less bullish than Halper’s still points toward 57% upside growth.Looking at the Smart Score factors, CHNG receives a Strong Buy consensus rating, and investor sentiment over the past month shows rising interest in this stock. Shares have dropped in price this year, pulled down by the general bear market, giving investors a chance to buy low. CHNG is priced at $10.22, and the average price target of $16.71 indicates a 68% upside potential for the coming 12 months. (See Change stock analysis at TipRanks)Hannon Armstrong (HASI)Next up is Hannon Armstrong, a financial services company focused on climate change. Where some just talk about the need to support green initiatives, Hannon Armstrong puts its money where its mouth is, investing in, and funding ventures in, energy efficiency, renewable energy, and sustainable infrastructure. As of December 2019, the company was managing more than $6 billion in assets.While such green initiatives frequently have a reputation as money sucking black holes, Hannon has selected its investments well and consistently returned quarterly profits. In recent weeks, Hannon has announced a $150,000 cash donation for COVID-19 relief efforts in its home state of Maryland. The company also raised its dividend by a half cent, to an even 34 cents quarterly. The new dividend makes the annualized payment $1.36 and went into effect this month. At 5.2%, the yield is significantly higher than the market average, and simply blows away Treasury bonds. Hannon has a 7-year history of dividend reliability.On the financial front, Hannon has announced bond offers, of $400 million in 6% Green Bonds and of $350 million in Senior Unsecured Notes. Issuing debt on that scale while during such a volatile time for markets is a bold move – but also shows a high level of corporate confidence.Christopher Van Horn, reviewing the stock for B. Riley FBR, writes, “We estimate that COVID disruptions could be less volatile than what is being priced into shares and given the financial nature of the biz model, we think pipeline remains on track. While we would not be surprised to see certain projects pushed out, the pipeline of over $2.5B is significant.”In line with his upbeat view of Hannon’s prospects, Van Horn rates the stock a Buy. His $42 price target implies an upside of 59%. (To watch Van Horn’s track record, click here)Oppenheimer analyst Noah Kaye agrees. In fact, he gives HASI shares an identical $42 price target. Backing the bullish views, Kaye writes, “We believe appetite for green bonds remains relatively strong and will be looking for pricing terms on the notes to validate our view. While we do believe a persistence of current macroeconomic conditions could stress components of the balance sheet portfolio, we expect earnings to be relatively resilient given the portfolio's diversification…”Hannon’s ’10’ Smart Score comes from its Strong Buy consensus rating along with rising stock purchases by both investors and insiders. Hannon has received 5 Buy ratings in recent weeks, opposed to a single Hold. With a share price of $26.46 and an average target of $35.83, the stock shows a robust 12-month upside potential of 35%. It’s a solid outlook, for a green stock that has maintained sound investment profile. (See Hannon’s stock analysis at TipRanks)Air Products and Chemicals (APD)Last on our list for now is Air Products and Chemicals, a provider of chemicals and gasses for industrial use. Based in Allentown, Pennsylvania, APD remains an important Rust Belt industrial employer, and brings significant revenues to its region. In its fiscal Q1 (ending in December 2019), the company registered a top line of $2.254 billion, up 1% year-over-year.Like Hannon above, APD pays out a dividend – and has kept its dividend payments reliable for the last 20 years. The payout ratio, 62%, shows a commitment sharing profits with investors, while the yield of 2.6% is noticeably higher than the ~2% yield found among S&P stocks. APD has raised its quarterly dividend payment 3 times in the past three years.Covering the stock for Wells Fargo, 5-star analyst Michael Sison is clearly impressed. His Buy rating is backed by a $265 price target, indicative of a 20% upside potential. (To watch Sison’s track record, click here)In his report on the stock, Sison writes, “While risks of COVID-19 and significant drop in oil prices still persist, we believe APD has enough levers to drive EPS growth in FY20 and FY21 despite the likelihood of slower economic growth… In our view, the key driver to growth is a strong backlog of projects coming on stream in the next couple years, which should support over 50% of growth… We believe APD is among the better positioned chemical companies in CY1Q, with industrial gas companies generally being much more resilient relative to other chemical companies…”Air Products’ '10' Smart Score shows positive points almost across the board. The stock is rated a Strong Buy, and insiders have been buying up the shares in the last three months, as some of the major hedge funds. At $207, and with an average price target of $252, the stock shows potential for 21% growth this year. The Strong Buy consensus rating is based on a 12 to 2 Buy/Hold split among 14 recent reviews. (See Air Products stock analysis at TipRanks)To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.
Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("Hannon Armstrong," or the "Company") (NYSE: HASI), a leading investor in climate change solutions, today announced that the Company will release its first quarter 2020 results after market close on Thursday, May 7, 2020, to be followed by a conference call at 5:00 p.m. (Eastern Time).
Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("Hannon Armstrong" or the "Company") (NYSE: HASI), a leading investor in climate change solutions, today announced it has upsized and priced its private offering of $400 million in aggregate principal amount of 6.00% senior unsecured notes due 2025 (the "Notes") by its indirect subsidiaries, HAT Holdings I LLC ("HAT I") and HAT Holdings II LLC ("HAT II," and together with HAT I, the "Issuers"). At issuance, the Notes will be guaranteed by the Company, Hannon Armstrong Sustainable Infrastructure, L.P., and Hannon Armstrong Capital, LLC. The offering was upsized from the previously announced $350 million in aggregate principal amount. The settlement of the Notes is expected to occur on April 21, 2020, subject to customary closing conditions. The Notes have been rated BB+ by Standard & Poor's Rating Services and Fitch Ratings.
Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("Hannon Armstrong" or the "Company") (NYSE: HASI), a leading investor in climate change solutions, today announced, subject to market conditions, a private offering of $350 million in aggregate principal amount of senior unsecured notes due 2025 (the "Notes") by its indirect subsidiaries, HAT Holdings I LLC ("HAT I") and HAT Holdings II LLC ("HAT II," and together with HAT I, the "Issuers"). At issuance, the Notes will be guaranteed by the Company, Hannon Armstrong Sustainable Infrastructure, L.P., and Hannon Armstrong Capital, LLC.
Hannon Armstrong (NYSE: HASI) today announced a $150,000 donation to local Maryland charitable organizations working to relieve the widespread impact of the COVID-19 pandemic and resulting gaps in community services.
Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("Hannon Armstrong," "we," "our" or the "Company") (NYSE: HASI), a leading investor in climate change solutions, today released the following letter from its Chairman and Chief Executive Officer, Jeffrey W. Eckel.
Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("Hannon Armstrong") (NYSE: HASI), a leading investor in climate change solutions, today announced a $115 million preferred equity investment in a utility public-private partnership ("P3") between the University of Iowa, ENGIE, Meridiam, and Hannon Armstrong, to operate, maintain and upgrade the University’s energy and water utilities.
As if there isn't enough uncertainty in the markets with the coronavirus from China, there's also the U.S. presidential election coming on Nov. 3. Already, there have been numerous state caucuses and plenty of primary elections. And there are plenty more over the coming weeks and months. The top job at 1600 Pennsylvania Avenue as well as several others on Capitol Hill are up for grabs.And oh yeah, there are plenty of state elections on the docket, too.Divisive is how most would characterize U.S. politics right now. And that isn't what investors like to see or hear when plotting out the prospects for the markets, the economy and what to buy and own into 2021.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut I have been very closely following the elections and the candidates' underlying agendas. Popular policy promises will cost some sectors plenty while potentially rewarding others. * 10 Tech Stocks to Buy on Coronavirus Weakness, According to Wedbush But betting on such a decisive decision isn't the way for any investor to make it out unscathed. Instead, I have been following and recommending a collection of companies which are doing well in the current leadership and that should continue to do well even with a changing of the guard next year.So, read on to see some of my tails-you-win, heads-you-win stocks for 2020 and 2021. Clean Energy Isn't Red or BlueThe past few years have been very good for clean energy. That's true even factoring in the support for the U.S. petroleum market -- which resulted in a surging of crude and natural gas exports. So, if things remain the same after the election, all will be fine. But if there is a change, look for a further push toward clean energy. That push would help a collection of companies I have inside my Profitable Investing.Renewable energy isn't just a fad, nor a political football game. The economics of working with wind, solar, hydropower and other renewables continues to work for the bottom line -- and not just for feel-good actions.And the proof is in one of our more successful utilities in the model portfolios, NextEra Energy (NYSE:NEE). Since being added to the portfolio, it has generated a total return of 589% which is fantastic when compared to the S&P Utilities Index's return of 184.2% for the same period.It is even more impressive when compared to the S&P 500 which only managed to return 202.3% for the same time. Election-Proof Stocks to Buy: NextEra Energy (NEE)Source: Chart by Bloomberg NextEra Energy, S&P 500 and S&P Utilities Index Total ReturnNextEra Energy's base market is in Florida, where it focuses on its core regulated power operations. But it has grown in assets and revenue thanks to its broad push for wind and solar power, in the regulated and unregulated markets. In doing so, it has become one of the world's largest wind and solar companies.And it isn't alone in this market. According to data compiled by the Center for Climate and Energy Solutions (C2ES), renewable energy is the fastest-expanding source for power in the U.S. from 2000 through 2018. That growth should continue through 2020.Yet in 2018, only 11% of the U.S. energy demand was fueled by renewable sources, according to the Energy Information Agency (EIA). This means while gains have been impressive, there is a lot of opportunity for further expansion.For U.S. electric power, renewables made up a bit more of the power pie. In 2018, renewable sources accounted for 17% of total electricity generation. That number is projected to increase to 24%, led primarily by wind and solar operations.Now, a great deal of this development comes from tax incentives. Back in 1992, the Production Tax Credit (PTC) enabled utilities to claim credits for each kilowatt of power generated. This gave a green light to several projects, starting the initial push into the clean energy market. But the end of 2019 marked a phasing out of this specific credit.Unfortunately, the Solar Investment Tax Credit (ITC), which provided the next leg-up for the market, also began decreasing in 2019. The ITC gave credits not just for power produced, but for investments in equipment and facilities. Tax Credits and NEE StockThese credits have been behind much of NextEra Energy's economics. So, even if the wind isn't blowing or the sun isn't shining, NextEra gets credit for investing in facilities.Although these federal programs are winding down, individual states -- especially those with high taxes like California -- provide credits for individual homeowners and companies. These state-wide initiatives add to the economics of power projects.And individual states also continue to expand mandates on regulated utility companies, requiring them to generate or acquire a set amount of renewable power. This means that renewable energy isn't just a matter of tax savings, but of requirement.This combination of tax credits and mandates is fueling major investments in renewable energy. According to EIA and C2ES, these investments came in at $2.2 trillion in 2017 and $2.4 trillion in 2018. And 2019 should show a further rise.Source: Chart by Bloomberg, U.S. Department of Energy U.S. Electricity Annual Wind GenerationSource: Chart by Bloomberg, U.S. Department of Energy U.S. Electricity Annual Solar GenerationAlthough there is a wide variety of renewable energy sources, including hydroelectric power, wind and solar are the key drivers of growth. Over the last two decades, U.S. solar power generation has gained just below 13,000%. In that same timeframe, wind power generation has gained close to 5,000%.All of this comes as popular demand for wind and solar remains buoyant. Want proof? Texas -- a fossil-fuel haven -- has the largest wind power production of any U.S. state. It generates more than 25% of the entire country's wind power-derived energy.When you picture the state's ranches and shale fields, add some wind turbines to that Lone Star landscape. Hannon Armstrong Sustainable Infrastructure (HASI)NextEra Energy has, and should continue, to do well with its renewable energy assets. But I want to focus on a company that has a great behind-the-scenes business in the same market. Hannon Armstrong Sustainable Infrastructure (NYSE:HASI) is set up as a real estate investment trust (REIT).It capitalizes on a few bits of significant legislation, including the Investment Companies Act of 1940, the Small Business Investment Incentives Act of 1980 and most importantly, the Cigar Excise Tax Extension Act of 1960.As a REIT it operates largely outside of federal corporate tax liability. And it invests in renewable energy projects that are built on real estate properties. Thanks to another piece of legislation, the 2017 Tax Cuts & Jobs Act, 20% of all dividend distributions from HASI are tax deductible.Hannon Armstrong is based in the very pretty town of Annapolis, Maryland, and has been around since 1981. It adopted the REIT model in 2012 and went public in 2013.The REIT provides lending and debt financing, and it takes equity stakes in the clean energy market. It also has supported projects that primarily consist of U.S. government properties. Uncle Sam's backing gives it dependable credit, as he has the power of the U.S. Treasury behind his wallet.In addition, state and local governments tend to back Hannon's projects. All of this aids the company's credibility and the security of its underlying assets and cash flows.With $5.7 billion in assets, it is not the biggest business in the market. But, Hannon reports that it is investing an additional $1 billion each year to add assets.It's portfolio generates interest on financing, amounting to 55% of its revenue. Another 20% comes from rental income, and the remainder from equity participation and portfolio investments. Delivering Energy and RevenuesSource: Chart by Bloomberg Hannon Armstrong Total ReturnRevenues are up over the trailing year by 30.5%. And that revenue has climbed over the past five years by 198.8%.As a REIT-based financial company, its net interest margin (NIM) -- the difference between what it pays to finance itself and what it earns in interest -- is a fat 12.1%. And when comparing it to a traditional financial, its return on assets is well above average at 1.9%. In turn, it has a return on equity of 5.8%.It is a bit more expensive to run the company, which I argue because its efficiency ratio is 64.3%. I would like to see more scale and some cost controls by management, but that should be in the works already.As a REIT, debts are part of the capital structure, so the debt-assets ratio of 57.6% is reasonable and sustainable.The shares have returned 331.5% since coming to the public market in April 2013.You will note in the total return graph that the shares provided a good return in 2018 in line with the REIT segment, including during the turbulent fourth quarter. You will also note that for 2019 to date, the shares are getting more attention with a rising price and dividend income.Dividend distributions are running at 33.5 cents which yields 4.1% -- above the average for REIT dividend yields as measured by the Bloomberg U.S. REITs Index. And those distributions have been on the rise, increasing 7.7% per year over the past five years. Its price-book value of 2.4 is also below the index average, making HASI stock a relative value play. The Bottom Line on HASI StockAs I said above, this REIT is not just a clean energy play, but a hedge against the 2020 election. We are far away from November, but I will continue to evaluate the risks and rewards of potential outcomes. Regardless of who ends up in the White House in 2021, Hannon Armstrong will be on the front line to profit from the nonpartisan green energy market.I am recommending buying HASI stock in a taxable account now.Neil George was once an all-star bond trader, but now he works morning and night to steer readers away from traps -- and into safe, top-performing income investments. Neil's new income program is a cash-generating machine … one that can help you collect $208 every day the market's open. Neil does not have any holdings in the securities mentioned above. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Tech Stocks to Buy on Coronavirus Weakness, According to Wedbush * 7 Red-Hot Coronavirus Stocks Rallying While the Market Plunges * 10 Key Lessons Warren Buffett Shares in His Annual Shareholder Letter The post 2 Election-Proof Stocks to Buy for 2020 appeared first on InvestorPlace.
In his final "Executive Decision" segment on Mad Money last Friday, Jim Cramer sat down with Jeff Eckel, CEO of Hannon Armstrong Sustainable , the REIT that only invests in sustainable projects. In this daily bar chart of HASI, below, we can see that it looks like prices have survived a test of the rising 50-day moving average line. The daily On-Balance-Volume (OBV) line shows a bullish rise the past year until the middle of February.
Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) just released its latest annual results and...
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