Seeking Alpha
 

SunEdison (SUNE)

- NYSE
  • May. 13, 2013, 11:27 AM
    SolarCity (SCTY +18.6%) is skyrocketing ahead of today's Q1 report - does someone know something? - and many other solar peers are also doing pretty well (TAN +4.5%). SOL +9.8%. CSIQ +11.6%. WFR +8%. LDK +9.3%. JASO +5.4%. SPWR +4.8%. FSLR +4.5%. GTAT +5.2%. JKS +7.9%. Short interests for many industry names remain sky-high: SolarCity had 16.6% of its float shorted as of April 30. SunPower was at 29.9%, First Solar 33.4%, and GT Advanced 34.8%.
    | 4 Comments
  • May. 9, 2013, 12:10 PM
    MEMC (WFR -5.6%) slumps following a mixed Q1 report and equally mixed guidance. Though revenue beat estimates thanks to 45MW of solar system sales (above guidance of 10MW-38MW), EPS missed due to a mix shift towards low-price EPC solar projects - this contributed to a 680 bps Q/Q drop in gross margin to 11.2%. MEMC's 2013 chip materials guidance was raised to $960M-$1B from $940M-$990M, but Q2 revenue is only expected to rise to $235M-$245M from Q1's $230M. Likewise, 2013 solar guidance is raised by 10MW to 430MW-500MW, but Q2 guidance is for only 29MW-54MW. This makes a consensus for 36% Q/Q rev. growth appear excessive. (PR)
    | Comment!
  • May. 9, 2013, 6:03 AM
    MEMC Electronic (WFR): Q1 EPS of -$0.16 misses by $0.02. Non-GAAP Revenue of $431.3M beats by $8.16M. (PR)
    | Comment!
  • May. 9, 2013, 12:05 AM
    Notable earnings before Thursday’s open: AES, AGU, ALR, AM, AMRC, APA, BAM, BCE, CBB, CNSL, CTB, CVC, DF, DISH, DNDN, GLP, GTIV, IRC, KEM, KIOR, MEA, NPSP, OWW, PCP, SNE, SNSS, SPH, SRPT, TK, TNK, VICL, VNDA, WAC, WFR, WIN, WWAV, XRAY
    | Comment!
  • May. 8, 2013, 5:30 PM
    Notable earnings before Thursday’s open: AES, AGU, ALR, AM, AMRC, APA, BAM, BCE, CBB, CNSL, CTB, CVC, DF, DISH, DNDN, GLP, GTIV, IRC, KEM, KIOR, MEA, NPSP, OWW, PCP, SNE, SNSS, SPH, SRPT, TK, TNK, VICL, VNDA, WAC, WFR, WIN, WWAV, XRAY
    | Comment!
  • May. 7, 2013, 10:43 AM
    Solar stocks head south (TAN -3.3%) in sympathy with First Solar, which is giving back some of this year's huge gains in response to a Q1 miss, a margin drop, and pipeline visibility concerns. SCTY -8.1%. LDK -6.2%. JASO -5.9%. SPWR -4.8%. CSIQ -4.3%. WFR -3.8%. YGE -3.5%. TSL -3.4%. GAT -3.1%. JKS -6.2%. The declines come a few days after a rally triggered by SunPower's strong Q1.
    | Comment!
  • May. 2, 2013, 4:37 PM
    Solar stocks spiked in the final hour of trading (TAN +2.3%) after SunPower's blowout Q1 results were leaked. LDK +8%. JKS +9.5%. JASO +11%. TSL +7.5%. WFR +3.6%. DQ +4.6%. YGE +3.7%. FSLR +1.4% after spending most of the day in negative territory.
    | 2 Comments
  • Apr. 23, 2013, 12:29 PM
    MEMC's (WFR +5.3%) SunEdison unit reaches a solar module outsourcing deal with Foxconn's solar manufacturing arm. Foxconn will produce up to 350MW of modules for SunEdison, which has a solar project pipeline of 2.6GW, at a Mexican plant. Given how module prices and margins have crashed amidst massive global oversupply, it's hard to blame MEMC for wanting to lower its manufacturing overhead and capex needs. (Petrobras deal)
    | Comment!
  • Apr. 18, 2013, 3:52 PM
    More on MEMC: The Nikkei reports MEMC's SunEdison unit and Toshiba (TOSBF.PK) have landed deals to build Japanese solar plants, with SunEdison selling the power generated by the facilities. Toshiba is said to be in talks to build 4 or 5 "megasolar" plants. The Japanese government launched an aggressive solar subsidy program last year.
    | 1 Comment
  • Apr. 18, 2013, 2:46 PM
    MEMC (WFR +2.2%) outperforms after announcing its SunEdison unit has struck a deal with Brazilian energy giant Petrobras (PBR) to build a plant with 1.1MW of installed capacity. Construction will start at the end of this year, and SunEdison's Renewable Operations Center will manage the plant following completion. The deal isn't especially large, but could pave the way for larger contracts with Petrobras down the line. (PR)
    | Comment!
  • Apr. 15, 2013, 12:49 PM
    Disappointing Chinese GDP data helps fuel a rout in solar stocks (TAN -3.8%). A broader selloff in risk assets isn't helping either. Suntech (STP -21.1%) is the biggest loser, as the Buffett rumor rally officially comes to an end. JASO -11.8%. LDK -10.7%. YGE -8%. WFR -7.9%. GTAT -5.9%. SOL -8.2%. TSL -6.9%. SPWR -5.1%. JKS -8.5%. DQ -5.2%. YGE -8%.
    | Comment!
  • Apr. 9, 2013, 1:41 PM
    First Solar (FSLR +23.8%) guides on its analyst day for 2013 revenue of $3.8B-$4B and EPS of $4-$4.50, far above a consensus of $3.15B and $3.46. Shares have spiked higher on the news, and were shortly halted due to volatility. Other solar names are also surging: SPWR +9.8%. TSL +8.7%. DQ +12.3%. STP +36.1%. LDK +15%. JKS +15.4%. WFR +7.5%. JASO +6.6%. (previous) Update (1:56): First Solar shares are now up 48.2%, and have been halted again. CNNMoney's Paul R. La Monica notes over 1/3 of the float is shorted. "Can you say squeeze?"
    | 9 Comments
  • Apr. 1, 2013, 2:00 PM
    Disappointing Q4 results from Daqo (DQ -9.8%), together with a general decline in risk assets, fuels a rout in solar names. YGE -7.9%. SOL -7.3%. JKS -5.4%. GTAT -4.1%. CSIQ -4.9%. SPWR -2.8%. WFR -2.5%. Daqo's Q4 revenue of $6.2M represented a 77% Y/Y drop, and was well below the $14.5M forecast by the one analyst providing estimates. Gross margin was -178.5% (no typo), a little worse than Q3's -51.1%. Polysilicon output is expected to total 720 MT in Q1, up from Q4's 592 MT.
    | Comment!
  • Mar. 20, 2013, 12:54 PM
    On a day when Suntech's creditors have filed for bankruptcy proceedings to commence, U.S. solar plays First Solar (FSLR +6%), SunPower (SPWR +5.1%), and MEMC (WFR +4.3%) are up strongly. The fact the Chinese government now appears willing to let local manufacturers go under (previous) could be fueling hopes of a more stable/rational pricing environment. On the flip side, the government's plans to cut solar subsidies stand to hurt local demand.
    | Comment!
  • Mar. 15, 2013, 12:47 PM
    MEMC (WFR -4%) adds to the big losses it saw on Wednesday in response to its soft 2013 guidance after Jefferies slashes its PT to $4 from $4.50. Declaring MEMC's solar system business "a 2014+ story," the firm expects shares to be range-bound, with chip industry trends determining their fate. Goldman provided a more positive take yesterday, forecasting "a robust 2H13 buoyed by cyclical strength in semis."
    | Comment!
  • Mar. 13, 2013, 4:02 PM
    MEMC's (WFR -13.4%) soft guidance and a report the Wuxi, China government will take control of Suntech (STP -23.6%) ignited a solar selloff (TAN -5%). LDK (LDK -12.7%), whose financial position is arguably only a little better than Suntech's, was especially hard-hit, but ReneSola (SOL -5.3%), Yingli (YGE -3.4%), Trina (TSL -3.5%), SunPower (SPWR -2.7%), and First Solar (FSLR -2%) also saw losses.
    | 5 Comments
Visit Seeking Alpha's
SUNE vs. ETF Alternatives
Company Description
SunEdison Inc is adeveloper and seller of photovoltaic energy solutions, an owner and operator of clean power generation assets. The Company is also engaged in the development, manufacture and sale of silicon wafers to the semiconductor industry.