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ANNAPOLIS, Md. - HA Sustainable Infrastructure Capital, Inc. (NYSE: HASI), a company focused on investing in sustainable infrastructure, announced the expansion of its board of directors with the addition of Laura A. Schulte and Barry E. Welch. The appointments, effective April 15, 2025, increase the board’s size to 12 members, with 10 serving as independent directors. The announcement comes as HASI, currently trading at $24.20, appears undervalued according to InvestingPro analysis, with seven analysts recently revising their earnings estimates upward for the upcoming period.
Laura A. Schulte brings over thirty years of experience in the financial services sector to HASI’s board, with a history of leading multi-billion-dollar corporations. Her expertise is expected to contribute to HASI’s financial oversight as she joins the Audit Committee and Compensation Committee. Schulte’s current role as chair of the board of directors of Transportation Alliance Bank and her past leadership positions at Wells Fargo and State Farm Bank highlight her significant industry impact.
Barry E. Welch’s appointment leverages his extensive experience in the power and infrastructure industry, having overseen energy businesses through periods of transformation and growth. Welch, who will serve on the Audit Committee and Finance and Risk Committee, has a background that includes CEO of Atlantic Power Corporation and a tenure at John Hancock as Senior Vice President.
Jeffrey W. Eckel, Chair of HASI, expressed confidence in the appointments, noting the increasing opportunities for HASI in the energy transition sector and the value of adding Schulte and Welch’s expertise to the board.
HASI, with approximately $14 billion in managed assets, invests in various sustainable infrastructure assets, including utility-scale and distributed solar and storage, onshore wind, renewable natural gas (RNG), and energy efficiency projects. The company aims to provide superior risk-adjusted returns and measurable environmental benefits through its investments. With a robust dividend yield of 7.3% and a 13-year track record of consistent dividend payments, HASI has demonstrated strong shareholder value creation. InvestingPro data reveals the company maintains healthy liquidity with a current ratio of 12.38x, while trading at a modest P/E ratio of 14.09x. For deeper insights into HASI’s financial health and growth prospects, investors can access comprehensive analysis through InvestingPro’s detailed research reports, available for over 1,400 US stocks.
The information is based on a press release statement from HA Sustainable Infrastructure Capital, Inc. and includes forward-looking statements that are subject to risks and uncertainties. These statements reflect beliefs and assumptions as of today and may differ materially from actual future results. For comprehensive financial analysis and additional insights, including 12 more exclusive ProTips about HASI, visit InvestingPro.
In other recent news, Hannon Armstrong Sustainable Infrastructure Capital, Inc. reported strong fourth-quarter earnings, exceeding Wall Street’s adjusted earnings per share expectations by 5% and surpassing Truist Securities’ estimates by 13%. The company also set ambitious targets, projecting an 8%-10% compound annual growth rate in adjusted EPS through 2027, and closed a record $1.1 billion in new transactions during the quarter. Additionally, Hannon Armstrong has expanded its credit facility by $200 million, increasing its total revolving commitments to $1.55 billion, which may support further growth and investment in sustainable infrastructure projects. Truist Securities reaffirmed its Buy rating with a $40 price target, highlighting the company’s resilience in navigating various market conditions. Meanwhile, Jefferies adjusted its price target for Hannon Armstrong to $36, maintaining a Buy rating and noting the company’s promising growth trajectory. In a strategic move, Hannon Armstrong announced executive leadership changes, promoting four team members to new roles to bolster its strategic focus. These developments reflect the company’s ongoing commitment to sustainable investments and its strategic positioning for future growth.
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