SunEdison (SUNE) Misses Q3 EPS by 40c
SunEdison (NYSE: SUNE) reported Q3 EPS of ($0.68), $0.40 worse than the analyst estimate of ($0.28). Revenue for the quarter came in at $681 million versus the consensus estimate of $624.97 million.
- 251 MW of solar energy systems retained on the balance sheet and 610 MW under construction at quarter end
- Solar project pipeline grew to 4.5 GW and backlog increased to 1.8 GW at end of quarter
The company provided the following key metrics for the 2014 fourth quarter and revised metrics for full-year 2014. Assuming no significant worldwide economic issues in these periods, the company expects the following:
For the fourth quarter 2014:
- Solar energy systems total non-GAAP sales volume in the range of 84 MW to 124 MW
- Solar energy systems MW retained on the balance sheet of between 251 MW and 361 MW
- Solar energy systems MW completed of between 335 MW and 485 MW
- Fully developed solar energy systems average project pricing between $2.50/watt and $2.75/watt
For the full year 2014:
- Solar energy systems total non-GAAP sales volume in the range of 260 MW to 300 MW
- Solar energy systems MW retained on the balance sheet of between 740 MW and 850 MW
- Solar energy systems MW completed of between 1,000 MW and 1,150 MW
- Fully developed solar energy systems average project pricing between $2.50/watt and $3.00/watt
For earnings history and earnings-related data on SunEdison (SUNE) click here.
