Why Hannon Armstrong Stock Soared 31% in November

Shares of Hannon Armstrong Sustainable Infrastructure Capital (NYSE: HASI), a real estate investment trust (REIT) focused on renewable energy and other climate change solutions, surged 30.6% in November, according to data from S&P Global Market Intelligence. For context, the S&P 500 returned 11% last month. The general market view is that a Democratic administration under President-elect Joe Biden will be more favorable than the current administration for the renewable energy space.