What’s Next for SunEdison?
SunEdison (SUNEQ) stock, which is trading OTC (over-the-counter), has fallen ~68.0% since April 5, 2017.
On December 2, 2016, GlobalWafers completed the acquisition of SunEdison Semiconductor for $683.0 million.
SunEdison (SUNEQ) formed TerraForm Global in early 2015 to own and operate renewable energy assets in emerging markets.
SunEdison (SUNEQ) launched a yieldco under the name SunEdison Yieldco in January 2014, which was renamed TerraForm Power in May 2014.
A yieldco is an investment vehicle formed by a parent company to own operating assets. They’re expected to generate stable cash flows.
The Renewable Energy Development segment provides integrated renewable energy (PBW) services that include design, installation, and overseeing operations of clean energy projects.
SunEdison (SUNEQ) announced the intent to acquire residential rooftop solar (TAN) power provider Vivint Solar (VSLR) on July 19, 2015. However, the market reacted negatively.
Factors that spearheaded SunEdison’s bankruptcy were leveraged acquisitions and the liquidity crisis.
SunEdison filed for Chapter 11 bankruptcy on April 21, 2016. It’s currently trading on OTC (over-the-counter) markets under the ticker SUNEQ.
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Noble Energy (NBL) will report its 2Q17 earnings on August 3, 2017. The company’s revenue estimates for 2Q17 stand at $1.06 billion.
For 4Q16, Yingli Solar expects its total PV module shipments to be in the range of 600 MW–670 MW—a ~64% quarter-over-quarter rise in its shipments.
For 3Q16, Yingli Solar’s (YGE) interest expenses came in at $24.0 million, as compared to $23.9 million in 2Q16 and $39.7 million in 3Q15.
In 3Q16, Yingli Solar reported a gross profit of $12.0 million, as compared to $69.2 million in 2Q16. On a YoY basis, this is a ~79% fall from 3Q15.
Yingli Solar’s operating income for 3Q16 came in at about -$34 million, as compared to an operating income of $24 million in 2Q16 and -$450 million in 3Q15.
In 3Q16, Yingli Solar’s (YGE) consolidated revenue came in around $219 million. This means that the company’s revenue fell ~42% from $380 million in 2Q16.
Yingli Solar (YGE) reported about 365 MW of solar (TAN) module shipments for 3Q16, as compared to 662 MW in 2Q16 and 460 MW in 3Q15.
Yingli Solar posted muted earnings for 3Q16, reporting earnings per ADS of -$2.8, as compared to the analyst consensus earnings per ADS estimate of -$1.39.
SunPower expects to incur about $225 million–$275 million in restructuring charges as part of closing its Philippine-based Fab 2 manufacturing facility.