Short-seller Muddy Waters takes short position in renewable energy firm Hannon Armstrong - report

Carson Block, Chief Investment Officer, Muddy Waters Capital LLC., speaks at the Sohn Investment Conference in New York City, U.S. May 4, 2016. REUTERS/Brendan McDermidNEW YORK, July 12 - U.S.

The short-seller said the Maryland-based energy company has changed its business model since its initial public offering in 2014 to an investment company in unimportant projects from a fee-based one. The short-selling firm wrote Hannon Armstrong has booked tax benefits it is not entitled to, inflated gains on securitization and refinanced loans to its projects without proper disclosure to investors.

Mannish Boy

so wrong for that guy to be named 'Muddy Waters'

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