SunEdison Misses Q2 Forecast, Hits Seven-Month Low

By | August 6, 2015

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SunEdison (SUNE) stock hit a seven-month low Thursday after the solar panel manufacturer posted a bigger Q2 loss than Wall Street had forecast. In Q2, SunEdison had revenue of $455 million and per-share losses of 93 cents. Its yieldco, TerraForm (TERP), accounted for $130 million of that revenue and 10 cents EPS. Nine analysts polled by Thomson Reuters saw SunEdison on average posting per-share losses of only 55 cents. On the other hand, SunEdison Scalper1 News

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