SunEdison (SUNE) Misses Q2 EPS Views
SunEdison (NYSE: SUNE) reported Q2 EPS of ($0.93), $0.43 worse than the analyst estimate of ($0.50). Revenue for the quarter came in at $455 million versus the consensus estimate of $393.71 million.
- SunEdison Devco: Unmatched Organic Execution
- Record 404 MW delivered Q2 vs. guidance of 300-340 MW; up 186 MW year-over-year
- 1.9 GW of projects under construction, up 1.1 GW quarter-over-quarter
- 8.1 GW Pipeline and 5.6 GW Backlog, 1.0 GW of gross pipeline additions
- 4.2 GW - 4.5 GW 2016 guidance initiated, up 50 percent vs. prior outlook
Outlook
The company has provided the following key metrics for the third quarter and full year 2015. The company expects the following, assuming no significant worldwide economic issues or other material events in these periods.
Key Metrics | 3Q 2015 Outlook | FY 2015 Outlook |
Unlevered Annualized CAFD for Retained MW ($M) | 75 to 85 | 275 to 325 |
Total MW | 540 to 600 | 2,100 to 2,300 |
Retained MW | 490 to 530 | 1,840 to 2,000 |
3rd Party Sales MW | 50 to 70 | 260 to 300 |
For earnings history and earnings-related data on SunEdison (SUNE) click here.