Law Offices of Howard G. Smith announces an investigation on behalf of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (“HASI” or the “Company”) (NYSE: HASI) investors concerning the Company’s possible violations of federal securities laws.
On July 12, 2022, Muddy Waters Research published a report alleging, among other things, that HASI inflates its earnings through a loophole relating to third parties’ tax credits that will be reversed, by manipulating the discount rate applied to residual assets to “implausibly low levels”, and by booking interest from non-cash “paid in kind” interest payments, which are “essentially IOUs from stressed borrowers.”
On this news, HASI’s stock fell $6.92, or 19%, to close at $29.41 per share on July 12, 2022, thereby injuring investors.
If you purchased HASI securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to firstname.lastname@example.org, or visit our website at www.howardsmithlaw.com.
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Law Offices of Howard G. Smith
Howard G. Smith, Esquire