Hannon Armstrong Sustainable Infrastructure shares are trading lower after the company announced a $300 million public offering of common stock.
Portfolio Pulse from Benzinga Newsdesk
Hannon Armstrong Sustainable Infrastructure (HASI) announced a $300 million public offering of common stock, causing its shares to trade lower.

May 24, 2023 | 3:19 pm
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HASI shares are trading lower due to the announcement of a $300 million public offering of common stock.
The announcement of a $300 million public offering of common stock by Hannon Armstrong Sustainable Infrastructure has led to a decline in its share price. This is because the market perceives the offering as dilutive to existing shareholders, which negatively impacts the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100