07:38 AM EDT, 05/08/2024 (MT Newswires) -- Hannon Armstrong Sustainable Infrastructure Capital ( HASI ) reported Q1 adjusted earnings Tuesday of $0.68 per diluted share, up from $0.53 a year earlier.

Analysts polled by Capital IQ expected $0.57.

Revenue for the quarter ended March 31 was $105.8 million, compared with $69.1 million a year earlier.

Comparable analyst estimates were not available.

The company said its board maintained a quarterly cash dividend of $0.415 per share, payable on July 12 to shareholders of record as of July 3.

In a separate statement, Hannon Armstrong Sustainable Infrastructure Capital ( HASI ) and KKR (KKR) said they signed an agreement to establish CarbonCount Holdings 1, or CCH1, with an initial capital commitment of up to $1 billion from each company. The partners said CCH1 targets to invest up to $2 billion in clean energy assets in the US over the next 18 months.

Shares of Hannon Armstrong Sustainable Infrastructure Capital ( HASI ) were up more than 3% in premarket activity Wednesday.

Price: 27.00, Change: +0.81, Percent Change: +3.09