Seeking Alpha

SunEdison sets Q1/2014 solar guidance, shares edge higher

  • Ahead of its Capital Markets Day presentations (webcast), SunEdison (SUNE +0.5%) says it expects to complete 135MW-165MW of solar systems in Q1. Revenue will be recognized on 50MW-60MW, and 135MW-165MW will be retained on the company's balance sheet.
  • For the whole of 2014, SunEdison expects to complete 900MW-1,150MW of systems (+90% Y/Y), while recognizing 500MW-650MW and retaining 400MW-500MW.
  • The company forecasts an average Q1 price of $2.85-$3.10/watt, and an average full-year price of $2.25-$2.75/watt.
  • SunEdison, fresh off securing 100MW of Indian solar permits, also announces an 18MW solar plant in the Indian state of Tamil Nadu is now operational.
  • Shares ticked higher last week after SunEdison badly missed Q4 revenue/EPS estimates, but also reported strong backlog and retained systems growth.
Comments (1)
  • ssinnat1
    , contributor
    Comment (1) | Send Message
     
    ya. solar is the future
    25 Feb, 08:35 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|