Tag: Hannon Armstrong Sustainable Infrastructure (HASI)

http://investors.hannonarmstrong.com/

Obama’s Next $2 Billion For Energy Efficiency: How To Take The Money And Run

By Jeff Siegel It's all about the money. I don't care how you slice it  when it comes to investing, personal politics are irrelevant. This has long been how I've approached wealth creation, and it works quite well. Even as I denounced the continued reliance on outdated and economically inferior energy and transportation systems (i.e. the internal combustion engine and tar sands production), I make no apologies for profiting from new opportunities in fossil fuels. My gains in shale over the past few years alone are reason enough to stick to this strategy. Of course, when I'm given...

Can’t Put Solar On Your House? Four Ways To Invest In Solar Leases

Tom Konrad CFA Disclosure: I and my clients have long positions in HASI. I have sold NYLD $40 and $45 calls short. The secret sauce for bringing residential solar into the mainstream is the solar lease.  With the simple value proposition of little or no money down and cost savings from day one, a homeowner does not have to be an environmentalist or green to be interested in the green of a solar lease.  He or she simply needs to live in a state where the combination of annual sunshine and state incentives provide the economics to make solar...

Toyota’s Asset Backed Green Bond: This Is Big

Sean Kidney Toyota Motor Corp. (NYSE:TM) will close mid-next week on what will be the world’s first green bond backed by auto loans – electric vehicle and hybrid car loans to be specific. And what a kickstart for that market, at $1.75 billion. According to a report in International Financing Review (IFR), the bond will be in multiple tranches, each at a different ratings level: A2 tranche, A3 and A4 (Moody’s ratings). First thing to know: they told the media a week ago it would be a US$774.675 million bond. Rumour has it that initial investor interest...

Christmas Climate Bond From Hannon Armstrong

Sean Kidney Out Monday: a very interesting bond from US listed sustainable infrastructure investor, Hannon Armstrong Sustainable Infrastructure (NYSE:HASI): a $100 million asset-backed securitization of cash flows from over 100 individual wind, solar and energy efficiency installations, all with investment grade obligors. They’re calling them “Sustainable Yield Bonds”; Climate Bonds for us. Coupon is 2.79%. This first bond was privately placed - but they’re planning lots more. Hannon Armstrong have taken the high ground on emissions and built in quantitative annual reporting of greenhouse gas emission reductions, measured in metric tons per $1,000 of par value. The assets...

Hannon Armstrong Yeild On Track For 7% in Q4 With More To Come

Tom Konrad CFA After the close on Thursday, November 7th, Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) declared third quarter earnings.  Results were in-line with my, and other analysts’ expectations: Earnings per share (EPS) of 14 cents, and a declared dividend of 14 cents as well. This more than doubled the second quarter’s 7 cent EPS and 6 cent dividend. Note: I have a large long position in HASI. HASI remains on track to reach managements’ dividend target of “over 7% of the $12.50 IPO price” (22 cents a quarter,) and provided some additional guidance for future dividends....

Solar REITs Unlikely to Win Favorable IRS Ruling

by David K. Burton In early 2013, many in the solar industry appeared to be thinking that the IRS’s blessing of a solar REIT would be provided within weeks. It is now the middle of 2013, and it appears the thinking from a few months ago was at best irrational exuberance. Three events have triggered a change in perspective on solar REITs. First, Hannon Armstrong’s (NYSE:HASI) private letter ruling request as to its REIT status is now public. Prior to the ruling being made public, the industry scuttlebutt was that the ruling would bless rooftop solar as REIT...