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.
The major factors that led to SunEdison’s bankruptcy were leveraged acquisitions and the liquidity crisis. More than the macro factors, SunEdison’s fall appears to be self-made.
Compared to SunEdison and TerraForm power, TerraForm Global seems to be in a better financial position with a large part of total assets parked in cash.
Debt So far in this series, we’ve looked at operating metrics, liquidity, and fixed assets for SunEdison (SUNE) and its family, including TerraForm Power (TERP) and TerraForm Global (GLBL). Without discussing debt and related metrics, we can’t test the hypothesis in the series title properly. The most important reason for the recent fall in SunEdison’s […]
SunEdison (SUNE) is highly leveraged with total debt of $10.7 billion on its books as of June 30, 2015. This includes the debt on TerraForm Power (TERP) and TerraForm Global’s (GLBL) books.
Despite a very favorable 2Q15, FirstSolar (FSLR) reported $13.0 million in operating losses in 1H15 compared to an operating profit of $141.2 million in 1H14.
After launching TerraForm Power (TERP) in 2014, SunEdison (SUNE) launched an IPO of its much hyped emerging market yieldco, TerraForm Global (GLBL), in July 2015.
Unlike FirstSolar (FSLR), which manufactures much of its solar panel requirements in-house, SunEdison (SUNE) procures its requirements from outside vendors.
While FirstSolar (FSLR) reported a 65% increase in its revenues primarily by selling projects to Southern Company (SO), SunEdison (SUNE) gave up on higher revenue growth by retaining projects.
SunPower’s 128 megawatt Henrietta Solar Power project and 60 MW Hooper Solar Project are part of the right of first offer agreement with 8point3 Energy.
The solar energy industry is facing increasing demand, and SunEdison’s expanding capabilities across the solar value chain may allow it to achieve high performance in the coming years.
Since its inception, the megawatt hours sold by TerraForm increased significantly. These hours represent the volume of generated electricity, which increased 1100% year-over-year from 2013 to 2014.
SunEdison develops and sells photovoltaic energy solutions. SunEdison’s stock price rose 623%, going from just over $4.00 in January 2012 to $29.59 as of July 1, 2015.
SunEdison’s cash assets increased over 36% from 2013 to 2014. Its quick ratio was over 2 before its acquisition and restructuring activities in 2009, declining steadily to 0.45 for fiscal 2014.
NextEra Energy Partners closed at $32.00 on June 27, 2014, its first day of trading. Its total return is 33%, or 48% annualized, up until March 19, 2015.
