2024-06-11 18:26:04 ET
Summary
- Hannon Armstrong Sustainable Infrastructure Capital channels capital into renewable energy assets through equity investments, joint ventures, and lending.
- The company aims to capture positive spreads between portfolio yield and cost of capital, similar to mortgage REITs, with a focus on debt investments.
- HASI has potential for a significant dividend growth due to reduced adjusted EPS payout ratio, new joint venture with KKR, and strong financial profile.
- It is a buy for yield-seeking investors that also want to have a decent income growth component in place.
Hannon Armstrong Sustainable Infrastructure Capital (NYSE: HASI ) could be classified as an investment vehicle, which channels capital into various renewable energy assets. The investment avenues for putting the capital at work usually take the form of direct equity investments, participation in joint ventures and lending. On top of this, there is also a notable revenue component stemming from gain-on-sale securitization transactions and asset management fees....
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For further details see:
Hannon Armstrong: An Attractive Yield That Is Subject To Accelerated Growth