LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz continues its investigation of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (“HASI” or the “Company”) (NYSE: HASI) on behalf of investors concerning the Company’s possible violations of federal securities laws.
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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.
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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 Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.
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