NYSE: HASI

Hannon Armstrong Sustainable Infrastructure Capital, Inc.

Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE: HASI) resulting from allegations that Hannon Armstrong may have issued materially misleading business information to the investing public.

If you purchased Hannon Armstrong securities and would like to join the prospective action, please click “Join This Class Action.”

If you purchased Hannon Armstrong securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Details of investigation:

On July 12, 2022, market analyst Muddy Waters Research published a report entitled “HASI: ‘ESG’ is for Exaggerating, Scamming, and Grifting” which alleged several issues with Hannon Armstrong’s financial statements, summarizing the alleged issues as “HASI misleadingly inflates GAAP earnings three ways: 1) Through a loophole in the arcana of accounting for renewables subsidies, HASI books non-cash unrealizable income relating to third parties’ tax credits that will be reversed; 2) HASI produces non-cash income by manipulating the discount rate it applies to residual assets to implausibly low levels, thereby inflating its gains on securitizations; and, 3) HASI books interest income from non-cash ‘Paid in Kind’ (‘PIK’) interest payments, which are essentially IOUs from stressed borrowers.”

On this news, Hannon Armstrong’s stock price fell $6.92 per share, or 19%, to close at $29.41 per share on July 12, 2022, on unusually heavy trading volume, damaging investors.

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Company Name: Hannon Armstrong Sustainable Infrastructure Capital, Inc.
Stock Symbol: HASI
Class Period: N/A
Court: N/A

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