Ha Sustainable Infrastructure Capital Inc (HASI)

Hannon Armstrong Sustainable Infrastructure capital Inc (HASI) stock dropped by 5.88% due to its announcement of a private offering of $200 million in green senior unsecured notes due 2027. The funds will be used to finance identified opportunities, with a focus on green projects, yielding approximately 11% and aiming for high-teen Return on Equity (ROE). The offering was increased from the initially planned $100 million. The net proceeds are intended for eligible green projects and may temporarily repay existing credit facility borrowings. The offering complies with securities regulations and is not an offer to sell these securities in the United States. Investors' reactions to the announcement likely influenced the stock's decline.

Shares of Hannon Armstrong Sustainable (HASI) dropped by 16.16% from $19.68 to $16.50 in the trading on Tuesday October 3, 2023. The HASI stock is down due to a downward revision in its price target from $26 to $23 by Morgan Stanley. Despite maintaining an "Equal-Weight" rating on HASI stock, the adjustment in the price target significantly influenced investors' sentiment.

Hannon Armstrong's stock dropped 11.21% after proposing a private offering of $350M in green exchangeable senior unsecured notes due 2028, with an option for initial purchasers to buy up to an extra $52.5M within 13 days.

https://seekingalpha.com/news/3998039-hasi-proposes-350m-private-offering-of-green-unsecured-notes

Share of HASI dropped 9.82% from $26.68 to $24.06 on an announcement that the pricing of its public offering of 13,043,479 shares of common stock at a price to the public of $23.00 per share for total estimated gross proceeds of approximately $300 million.

https://finance.yahoo.com/news/hannon-armstrong-sustainable-infrastructure-capital-013100670.html