Hannon Armstrong Sustnbl Infrstr Cap Inc (HASI) reported quarterly earnings results on Wednesday, May-4-2016. The company said it had a profit of $0.32 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.29. The company posted revenue of $9.20 million in the period, compared to analysts expectations of $9.56 million. The company’s revenue was up 18.6% compared to the same quarter last year.
Hannon Armstrong Sustnbl Infrstr Cap Inc opened for trading at $19.63 and hit $20.3 on the upside on Monday, eventually ending the session at $20, with a gain of 3.09% or 0.6 points. The heightened volatility saw the trading volume jump to 1,75,956 shares. Company has a market cap of $767 M.
In a different news, on Mar 8, 2016, Jeffrey Eckel (CEO) purchased 750 shares at $18.29 per share price. According to the SEC, on Mar 8, 2016, M Rhem Wooten (Executive Vice President) purchased 830 shares at $17.96 per share price. On Mar 3, 2016, Mark Cirilli (director) purchased 14,297 shares at $17.70 per share price, according to the Form-4 filing with the securities and exchange commission.
Hannon Armstrong Sustainable Infrastructure Capital Inc. provides debt and equity financing to the energy efficiency and renewable energy markets. The Company focuses its investment activities primarily on energy efficiency projects renewable energy projects and other sustainable infrastructure projects. Energy Efficiency Projects includes projects undertaken by energy services companies (ESCOs) which reduce a building’s or facility’s energy usage or cost through the design and installation of various building components including heating ventilation and air conditioning systems (HVAC systems) lighting energy controls roofs windows and/or building shells. Renewable energy projects include projects that deploy cleaner energy sources such as solar and wind to generate power production. Other sustainable infrastructure projects include water or communications infrastructure that improve water or energy efficiency.