Apollo, Other Investors Commit $300 Million in Boost to SunPower [BNN Bloomberg (Canada)]
Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI)
Last hannon armstrong sustainable infrastructure capital, inc. earnings: 2/20 04:15 pm
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Source: BNN Bloomberg
Funds managed by Apollo, ATLAS SP Partners and Hannon Armstrong Sustainable Infrastructure Capital Inc. committed the investments to bolster SunPower's residential solar and storage lease programs. The rooftop solar company recently raised $155 million of financing from its majority shareholders to ease a cash crunch. Terms of the new financial commitments were not disclosed. The company's shares, which had slipped more that 33% this year, increased 1.42% at 10 a.m. in New York. Read more: Solar CEO's Vision of 3,200% Sector Growth Foiled by High Rates The residential solar company struggled after a unit defaulted last year on a credit agreement by failing to file a document on time. Like other rooftop companies, SunPower has faced pressure from policy shifts and high borrowing rates. Under the latest deal, SunPower can now access more than $500 million of capital if it meets certain “funding conditions,” the company said in a statement. Its former chief executive officer Tom W
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HASI
News
- HASI Announces First Quarter 2024 Earnings Release Date and Conference CallBusiness Wire
- Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE: HASI) had its price target raised by analysts at B. Riley from $41.00 to $44.00. They now have a "buy" rating on the stock.MarketBeat
- HASI Extends and Upsizes Bank Facilities to $1.625 Billion, Further Strengthening Diversified Funding PlatformBusiness Wire
- Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE: HASI) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE: HASI) had its price target raised by analysts at Bank of America Co. from $27.00 to $31.00. They now have a "buy" rating on the stock.MarketBeat
HASI
Earnings
- 2/15/24 - Miss
HASI
Sec Filings
- 4/25/24 - Form 3
- 4/25/24 - Form 4
- 4/25/24 - Form 4
- HASI's page on the SEC website