Hannon Armstrong to Ring Closing Bell at NYSE to Celebrate Earth Day, 3rd Anniversary of IPO and Signing of Paris Climate Agreement
Paris Climate Agreement helps create a $500 billion annual clean energy financing market opportunity
With a total return of over 100% since its initial public offering, Hannon Armstrong is well positioned to capitalize on this rapidly growing market
ANNAPOLIS, Md., April 21, 2016 /PRNewswire/ -- Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("Hannon Armstrong" or the "Company;") (NYSE: HASI), a leading provider of debt and equity financing to the efficiency, wind and solar markets, today announced that the Company will be ringing the closing bell following today's trading session on the New York Stock Exchange (NYSE), on the eve of Earth Day. The Company was listed and began trading on the NYSE on April 18, 2013. As of December 31, 2015, the company had approximately $1.35 billion invested in over 105 different projects.
"By taking our 30 year old business public three years ago, we offer public shareholders a way to invest in the future of energy," said Jeffrey Eckel, President & CEO of Hannon Armstrong. "We went public because we saw financing as a critical component of addressing climate change as well as a large market opportunity. Our total return in excess of 100% since the IPO confirms both the market opportunity and investors' support for our strategy."
Earth Day marks the anniversary of the birth of the modern environmental movement in 1970 and is now celebrated by more than a billion people globally. Earth Day 2016 is when the Paris Climate Agreement, an agreement to address climate change with a goal of limiting global warming to less than 2 degrees Celsius (°C), is expected to be signed by over 130 countries. According to Bloomberg New Energy Finance estimates, to meet the 2°C goal, the required expenditure in new renewable energy electric power generation averages about $500 billion annually over the next 25 years.
"Hannon Armstrong's commitment to investing only in assets that are neutral to negative on incremental carbon emissions is a trailblazing example of the corporate dedication required to meaningfully invest in a cleaner infrastructure," said Denis Hayes, principal organizer of the first Earth Day in 1970. "I commend the thoughtful awareness they bring to this important issue by embedding sustainability into the foundation of their business strategy and calculating the impact they are making with each investment."
Eckel further stated, "Ringing the Closing Bell at the New York Stock Exchange is an exciting opportunity and a great way to celebrate the past and future success of Hannon Armstrong. I'm honored to share such a special occasion with our clients, investors and employees. I want thank them all for their continued support and dedication to help make the Company what it is today."
Mr. Eckel will be joined on the podium by members of the Hannon Armstrong team at 4:00pm EST on April 21, 2016. A live feed of the NYSE Closing Bell can be found at http://livestream.com/NYSE. Photos and video of the NYSE bell ringing ceremony will also be available, courtesy of the NYSE, on Facebook (NYSE) and Twitter (@NYSE).
A copy of Hannon Armstrong's 2015 Annual Report and Sustainability Report Card can be found at: http://www.hannonarmstrong.com.
About Hannon Armstrong
Hannon Armstrong (NYSE: HASI) provides debt and equity financing to the energy efficiency and renewable energy markets. We focus on providing preferred or senior level capital to established sponsors and high credit quality obligors for assets that generate long-term, recurring and predictable cash flows. We are based in Annapolis, Maryland.
Forward-Looking Statements
Some of the information contained in this press release are forward-looking statements and within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. When used in this press release, the words such as "believe," "expect, "anticipate," "estimate," "plan," "continue," "intend," "should," "may," or similar expressions, are intended to identify such forward-looking statements. Forward-looking statements are subject to significant risks and uncertainties. Investors are cautioned against placing undue reliance on such statements. Actual results may differ materially from those set forth in the forward-looking statements. Factors that could cause actual results to differ materially from those described in the forward-looking statements include those discussed under the caption "Risk Factors" included in the Company's 2015 report on Form 10-K that was filed with the Securities and Exchange Commission ("SEC"), as well as in other reports that the Company files with the SEC.
Forward-looking statements are based on beliefs, assumptions and expectations as of the date of this press release. The Company disclaims any obligation to publicly release the results of any revisions to these forward-looking statements reflecting new estimates, events or circumstances after the date of this press release.
Total shareholder return is calculated from the closing price on April 18, 2013 (our first day of trading) and assumes that all dividends were reinvested without the payment of any commissions.
Investor Relations Contact
(410) 571-6189
[email protected]
Media Contacts
For Hannon Armstrong Sustainable Infrastructure Capital, Inc.
Sard Verbinnen & Co.
Nikki Ritchie/Kevin FitzGerald
(212) 687-8080
[email protected]
Logo - http://photos.prnewswire.com/prnh/20160203/329541LOGO
SOURCE Hannon Armstrong Sustainable Infrastructure Capital, Inc.
Share this article