CEO Jeffrey Eckel,Hannon Armstrong Insider Buys $21,900 of Shares on March 14th, 2014 Jeffrey Eckel, CEO of Hannon Armstrong, bought 1,500 shares of Hannon Armstrong (Stock Symbol: HASI) at $14.58 per share for a total amount of $21,900 thousand on March 14th, 2014.
Hannon Armstrong is based in Annapolis, MD.
On 04/08/2014, Against a backdrop of slowing growth in China and pundits postulating about what the Federal Reserve is going to do with economic stimulus over the next year or so, analysts are looking for industries that will serve as growth drivers for the United States in 2014. Many are looking to the energy sector for sustained growth, especially companies that have operations in shale plays or those that are in the burgeoning alternative energy business, including NRG Energy, Inc. (NRG), Hannon Armstrong Sustainable Infrastructure Capital Inc. (HASI) and American DG Energy, Inc. (NYSE MKT: ADGE).
Investors should note that the U.S. Energy Information Administration recently lowered its domestic oil production for 2014 and 2015, which will shrink margins for traditional energy plays. All three of these companies growing their footprint in clean energy posted significant top line growth in 2013 and offer significant upside potential. On 02/27/2014, Hannon Armstrong announced its latest quarterly results. Hannon Armstrong Sustainable Infrastructure Capital, Inc. (“Hannon Armstrong,” “we,” “our,” or the “Company;” NYSE: HASI), a leading sustainable infrastructure investor, today reported Core Earnings for the quarter ended December 31, 2013, of $0.22 per share and $0.43 per share for the year ended December 31, 2013.
On a GAAP basis, the Company recorded a loss of $7.3 million or $(0.48) per share in the quarter after recording a provision for estimated credit losses on a mezzanine debt investment in a geothermal project. The provision totaling $11.0 million, or $0.69 per share, is excluded from Core Earnings and represents 1.7% of our 2013 originations.
According to Capital IQ, Hannon Armstrong has a market cap of $218.52 million, an enterprise value of $523.72 million. Hannon Armstrong Sustainable Infrastructure Capital, Inc. provides debt and equity financing for sustainable infrastructure projects in the United States. The companys sustainable infrastructure projects include energy efficiency projects that reduces buildings or facilitys energy usage or cost through the design and installation of improvements to various building components, including heating, ventilation, and air conditioning systems, as well as lighting, energy controls, roofs, windows, and/or building shells. Its projects also comprise clean energy projects, that deploy cleaner energy sources, such as solar, wind, geothermal, biomass, and natural gas; and other sustainable infrastructure projects, including water and communications infrastructure.
The company qualifies as a real estate investment trust for U.S. federal income tax purposes.
It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company is headquartered in Annapolis, Maryland.
Jeffrey Eckel is 55 years old. According to his biography, Mr. Jeffrey W. Eckel is Chairman of the Board, President, Chief Executive Officer of Hannon Armstrong Sustainable Infrastructure Capital, Inc. He previously held senior executive positions such as chief executive officer of EnergyWorks, LLC and Wärtsilä Power Development. Most recently, he was appointed the chairman of the Maryland Clean Energy Center in 2011 and as a member of the Johns Hopkins Environmental, Energy, Sustainability and Health Institute’s advisory council in 2013 . Mr. Eckel has over 30 years of experience in structuring, executing and operating infrastructure and technology investments. Mr. Eckel received a Bachelor of Arts degree from Miami University in 1980 and a Master of Public Affairs degree from Syracuse University, Maxwell School of Citizenship and Public Affairs, in 1981.
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This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.
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