Hannon Armstrong Sustainable Infrastructure Capital, Inc.

Hannon Armstrong has still failed to publicly acknowledge – or deny – that in 2021, it booked ~$300 million of non-cash income that will never be collected.  (This income, which HASI could have chosen to neutralize, largely arises from tax benefits that others claim, and is a quirk of the esoteric p… more

We are short Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI) because its accounting is so complex and misleading that its financial statements are effectively meaningless.  HASI is a prime example of how public market incentives can warp a company into relentlessly destroying value… more