Following the completion of the acquisition, the chief executive officer now owns 1,714,860 shares in the company, valued at $35,137,481.40. The company expects next year’s EPS growth to equal 23.81%. Many firms remain supportive of the once high flying stock, even as they cut their price targets, MarketWatch points out. The operating profit margin is -9.00%.Black Diamond, Inc.
Advertisement
Sunedison reported its third quarter results earlier in the morning. The decrease was driven by the weakening of foreign currencies against the US dollar and lower product volume in parts of Europe and Japan. Also, CFO Brian Wuebbels acquired 50,000 shares of the firm’s stock in a transaction on Friday, August 21st. The decline was due to the realization of savings from the restructuring plan Black Diamond Equipment implemented in 2014 to realign resources within the organization. Other cautious angles incl: 3) LAP arbitration risk, with the counterparty seeking $150 Mn in damages, 4) O&M refunds to TERP on higher than budgeted costs on FirstWind portfolio, and 5) higher 3Q Opex cost trends, albeit with a few adjustments ($361 Mn in total 3Q15 opex includes $66M of “1x and other” incl stock comp and United Kingdom wind-down, $54 Mn from the IPO, and $65 Mn in restructuring/impairments). Sunedison has a 12 month low of $4.75 and a 12 month high of $33.45. For 2015, SunEdison almost doubled its third-party sales guidance to 540-565 MW from 260-300 MW, reflecting the shift in strategy.
TerraForm Power Inc (NASDAQ:TERP), -5.47% reported on Monday a third-quarter loss of 3 cents per share, instead of an expectation of 28 cents, according to FactSet. With Amazon Prime, customers can enjoy unlimited FREE Two-Day Shipping on more than 20 million items, unlimited streaming of tens of thousands of movies and TV episodes with Prime Video, access to ad-free streaming of over a million songs including thousands of curated playlists and personalized stations with Prime Music, unlimited photo storage with Prime Photos and much more this holiday season and the year after.
TerraForm Global stated revenue of $29 million, adjusted EBITDA of $24 million, and CAFD of $24 million in the third quarter.
Shares of SunEdison, Inc. The cash distribution received by SunEdison on its class B units in TerraForm Global, LLC will be $0 million.
USA solar company SunEdison Inc said it would reduce sales of assets to its “yieldcos”, raising fresh concerns about its ability to fund its operations, projects and acquisitions.
The company has price-to-cash ratio of 5.96 and PEG ratio of 1.25. Cowen and Company reissued a “buy” rating and set a $41.00 target price (up from $40.00) on shares of Sunedison in a research note on Tuesday, July 21st.
TerraForm Power, Inc, is a dividend growth-oriented company formed to own and operate contracted clean power generation assets acquired from SunEdison and unaffiliated third parties. Revenue rolled in stronger than the expected $437.4 million, but analysts were only looking for a loss of 69 cents per share.
The company became the first solar company to launch an yieldco in July a year ago. The company now has a consensus rating of Buy and an average target price of $25.97. The 3Q dividend is payable on December 15, 2015 to shareholders of record as of December 1, 2015.
Advertisement
SunEdison will supply solar power generated by this system to the town over the next 20 years.
