SUNE

SunEdison Inc

Energy


Presented:09/24/2015
Price:$9.07
Cap:$2.68B
Current Price:$0.34
Cap:$0.11B

Presented

Date09/24/2015
Price$9.07
Market Cap$2.68B
Ent Value$19.96B
P/E RatioN/A
Book Value$2.03
Div Yield0%
Shares O/S296.00M
Ave Daily Vol28,911,846
Short Int28.97%

Current

Price$0.34
Market Cap$0.11B
SunEdison, Inc. engages in the business of semiconductor and solar technology. It develops, manufactures, and sells silicon wafers and photovoltaic energy solutions. It operates through the Semiconductor Materials and Solar Energy segments. The Semiconductor Materials segment includes the development, production, and marketing of semiconductor wafers, which are utilized in the manufacture of semiconductor devices. The Solar Energy segment provides solar energy services that integrate the design, installation, financing, monitoring, operations and maintenance portions of the downstream solar market. This segment also manufactures polysilicon, silicon wafers and solar modules. The company was founded in 1959 and is headquartered in St. Peters, MO.

Publicly traded companies mentioned herein: SunEdison Inc (SUNE), TerraForm Global Inc (GLBL), TerraForm Power Inc (TERP)

Highlights

Renewable energy is a “huge, positive theme,” but it is difficult to know which way shares of SunEdison (SUNE) are headed. The stock “imploded” following the IPO of its international yieldco, TerraForm Global, and the viability of its structure has been called into question as yieldco costs appear to be higher than the level of monetization. SUNE built a franchise to do 4+ GW of installations, which requires a substantial amount of capital. If capex is going to come in at over $5 billion, they have to be able to monetize the assets leveraging the yieldco, or risk hitting “a liquidity wall.”

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Idea Discussion

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