Hannon Armstrong Sustainable Infrastructure Capital, Inc. Announces $300M Public Offering Of Common Stock
Portfolio Pulse from Benzinga Newsdesk
Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI) announced a $300 million public offering of common stock, with a 30-day option for underwriters to purchase up to $45 million additional shares. J.P. Morgan, BofA Securities, and Goldman Sachs & Co. LLC are joint book-running managers.
May 23, 2023 | 8:16 pm
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NEUTRAL IMPACT
HASI is commencing a $300 million public offering of common stock, potentially impacting its stock price in the short term.
The announcement of a public offering can have mixed effects on a company's stock price. While it may lead to an increase in capital, it can also dilute existing shares. In the short term, the impact on HASI's stock price is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100