Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI)
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("Hannon Armstrong" or "the Company") (NYSE: HASI). Investors who purchased Hannon Armstrong securities are encouraged to obtain additional information and assist the investigation.
The investigation concerns whether Hannon Armstrong violated federal securities laws.
On July 12, 2022, Muddy Waters Research published a report, “HASI: ‘ESG’ is for Exaggerating, Scamming, and Grifting.” The report alleged several issues with Hannon Armstrong’s financial statements and summarized the 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.” Following this news, Hannon Armstrong stock dropped $6.92 per share, or 19%, to close at $29.41 on July 12, 2022.
If you are aware of any facts relating to this investigation or purchased Hannon Armstrong shares, you can assist this investigation. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC represents investors in securities fraud class actions and shareholder derivative suits. The firm has recovered hundreds of millions of dollars for investors nationwide. Attorney advertising. Prior results do not guarantee similar outcomes.