Wednesday , 13 December 2017

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Shares of SunEdison and company’s yieldcos plunge after results

Shares of SunEdison Inc. and the yieldcos connected to the solar-power developer, TerraForm Power Inc. and TerraForm Global Inc. , tanked Tuesday following disappointing quarterly results for TerraPower and mixed results for SunEdison. SunEdison reported third-quarter revenue that beat expectations — $476 million compared with consensus $452 million — but a wider-than-expected loss of 92 cents a share. TerraForm reported a loss of 3 cents a share in the third quarter, while analysts polled by FactSet had expected a gain of 28 cents a share. TerraForm Global said it lost 11 cents in the quarter, a loss that was narrower than analysts had expected.

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Shares of SunEdison and company’s yieldcos plunge after results Reviewed by on . Shares of SunEdison Inc. and the yieldcos connected to the solar-power developer, TerraForm Power Inc. and TerraForm Global Inc. , tanked Tuesday following disa Shares of SunEdison Inc. and the yieldcos connected to the solar-power developer, TerraForm Power Inc. and TerraForm Global Inc. , tanked Tuesday following disa Rating:
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