TerraForm Power (TERP) Announces Earnings Results, Misses Estimates By $0.21 EPS

Other cautious angles incl: 3) LAP arbitration risk, with the counterparty seeking $150 Mn in damages, 4) O&M refunds to TERP on higher than budgeted costs on FirstWind portfolio, and 5) higher 3Q Opex cost trends, albeit with a few adjustments ($361 Mn in total 3Q15 opex includes $66M of “1x and other” incl stock comp and United Kingdom wind-down, $54 Mn from the IPO, and $65 Mn in restructuring/impairments). The company had revenue of $153 million for the quarter, compared to analysts’ expectations of $144.62 million. A total of 6,000 shares were purchased at an average price of $20.49. Year-to-date, the shares have shed over 70% of their value, as well – though option bulls have seemingly been unfazed.

The Technology Sector Company Sunedison Inc (NYSE:SUNE) started its trading session with the price $7.59, and closed at price of $7.39 by losing 2.51% on Monday 09 November 2015. The company has a market cap of $2,024 million and there are 140,268,340 shares in outstanding.

TerraForm Power’s Board of Directors has declared a third quarter dividend for TerraForm Power’s Class A common stock of $0.35 per share, or $1.40 per share on an annualized basis.

Shares of SunPower and First Solar (NASDAQ:FSLR), too, felt the heat and were down almost 3.5% and 2.5%, respectively. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The stock price is moving down from its 20 days moving average with -4.34% and isolated negatively from 50 days moving average with -12.47%.

Canadian Solar Inc. (NASDAQ: CSIQ) also reported its third quarter results before Tuesday’s market open.

Other equities research analysts have also issued research reports about the stock.

The bad news is, the per-share loss booked by SUNE was far worse than expected, and the company’s outlook looks bleak as the viability of its business model is increasingly called into question.

Oppenheimer reissued their buy rating on shares of Sunedison (NASDAQ:SUNE) in a research note released on Tuesday morning, ARN reports. Needham & Company now has a buy rating on the stock. FBR & Co. restated an outperform rating on shares of TerraForm Power in a research report on Tuesday, July 21st. Following the transaction, the chief executive officer now owns 845,672 shares in the company, valued at approximately $8,389,066.24. The stock presently has an average rating of “Buy” and a consensus price target of $25.97. The Organization ‘s TerraForm Power segment owns and runs clean power generation assets, both acquired through third party purchases and produced by the Solar Energy section which sell electricity through long-term power purchase agreements. It focuses on acquiring wind and solar generation assets serving commercial, utility and residential customers.

“Data centers consume enormous amounts of energy and that can mean sky-high energy bills, but SunEdison solar solutions can help companies quickly reign in their energy costs”, said Steve Raeder, SunEdison’s regional general manager of its Eastern US solar business. It operates, and is the managing member of Terra LLC, controls and consolidates the business affairs of Terra LLC.