Stock Alert: SUNE, TERP
by Harris Roen Editor
Roen Financial Report
Wednesday, November 11, 2015
Today’s Alert:
SunEdison Inc (SUNE)
TerraForm Power Inc (TERP)
A solar developer and its related YieldCo take a big hit after releasing earnings.
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| SunEdison plummets -22% on historically high volume. Revenues were flat and net losses expanded slightly, but debt grew 67% in a year to $11.7 billion. SUNE stock is now down -68% for in 12 months, trading back at 2013 levels. | SEC filing |
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| SunEdison’s YieldCo TerraForm Power falls -21% on a mixed earnings report. Analyst concerns include a lack of guidance and a decline in the project pipeline. TERP is down -47% for the year, and is trading near is all-time low. | Seeking Alpha |
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