The buzz around nations allocating higher budgets for renewable energy is rising by the day, and that is great news for stocks such as Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI). Investing in renewable power is being regarded as a recovery strategy in the post-COVID-19 age because it does away with geopolitical tensions and oil price volatility, reduces pollution, increases employment, motivates entrepreneurs, and recovers its investment over the long run.

I have been and am bullish on HASI (since it was $33.66) as a long-term investment and here's a confirmation of this: HASI has priced its 0% convertible senior notes due August 2023 at about $48.36, which is a healthy premium compared to its market price of $41.40 as of August 27, 2020. It is a sign of strength.

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