SunEdison, Inc. (NYSE:SUNE), is currently valued at $1.58B. The company has 316.72M shares outstanding and 0.60% shares of the company were owned by insiders. The company has 0.88 value in price to sale ratio while price to book ratio was recorded as 2.70. The company exchanged hands with 85,965,644 shares as compared to its average daily volume of 35.35M shares.
Its EPS was booked as $-3.76, in the last 12 months.
In the profitability analysis, the company has gross profit margin of 13.80% while net profit margin was -56.20%. Beta value of the company was 3.45; beta is used to measure riskiness of the security.
SunEdison’s return on assets ratio of the company was -8.70% while its return on equity ratio was -339.70%. ATR value of company was 0.85 while stock volatility for week was 14.42% while for month was 10.13%. Debt to equity ratio of the company was -16.97 and its current ratio was -0.90.
SunEdison’s offered -70% EPS for prior five years.
The company said it would stop selling projects to its two “yieldcos” - bundles of solar, wind or other power assets it spun off into dividend-paying public entities, according to Reuters.
The yieldcos had become an important source of funding for SunEdison. The solar industry bellwether said in its quarterly report on Monday that there were no assurances it would be able to raise the $6.5 billion to $8.8 billion needed to fund the construction of renewable energy assets through 2016.
Investors are concerned SunEdison, with its two yieldcos and $6 billion of acquisitions in the last year, is doing too much too fast.
The company has been working to shore up investor confidence by laying off 15 percent of its staff and pausing asset sales to its yieldcos. Chief Executive Ahmad Chatila also said on Tuesday that the company was starting to walk away from some countries as it focused more on gross margins and cash.
Yieldcos such as SunEdison’s Terraform Power Inc and Terraform Global Inc have surged in popularity with solar developers over the last two years because they provide stable, fat yields and are a less risky way to invest in solar. Reuters Reports
However, analysts are skeptical of the deal, which has not yet closed.
“SunEdison really doesn’t need the deal,” S&P Capital IQ analyst Angelo Zino told Reuters.
TerraForm Global and TerraForm Power shares have halved since the former’s IPO on July 31.
The loss of $284 million was little changed from the $283 million deficit of a year earlier, the Maryland Heights, Missouri-based company said in a statement Tuesday. Not Taking Into Account some items, SunEdison’s loss of 92 cents a share was bigger than the 65-cent average of 13 analysts estimates compiled by Bloomberg. Sales rose to $476 million from $469 million, according to Bloomberg.
“Some of the recent actions should set the stage for positive operating cash flow over the next few quarters,” Vishal Shah, an analyst at Deutsche Bank AG, said in a research note Monday before the statement was released. “Which would assist alleviate some of the balance sheet concerns.”
Chatila said Oct. 7 he anticipates to build 3,300 megawatts to 3,700 megawatts in 2016, down from an earlier forecast of 4,500 megawatts. He reaffirmed that forecast on a conference call Tuesday. Bloomberg Reports.
“Right now I want the company to become more boring,” Chatila said on the call. “Boring, and cash-flow generating.”
SunEdison, Inc. develops, manufactures, and sells silicon wafers to the semiconductor industry. The company operates through three segments: Solar Energy, TerraForm Power, and Semiconductor Materials. The Solar Energy segment provides solar energy services that integrate the design, installation, financing, monitoring, operations, and maintenance portions of the downstream solar market. It also manufactures polysilicon, silicon wafers, and solar modules.