SunEdison posts profit as projects business makes gains

Facebook
Twitter
LinkedIn
Reddit
Email

SunEdison posted a US$0.12 earnings per share (EPS) profit in the second quarter of 2014 as the company’s projects business enjoyed strong growth.

The company has negotiated a complex financial period of late with the IPO of its semiconductor division, a bond placement and the IPO of its spin-off yield co, TerraForm Power, shortly after the conclusion of Q3.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

Revenue of US$646.2 million was an improvement of 61% on the same period last year. EPS in the same period last year was a a loss of US$0.19.

It retained an additional 164MW of projects on its balance sheet, 44MW higher than the upper end of its guidance. Backlog increased 100MW to 1.1GW and the pipeline as a whole added 700MW since the last quarter to 4.3GW.

“Our teams superbly executed multiple complex financing initiatives while keeping our core business on track,” said Ahmad Chatila, CEO, SunEdison.

“Among the milestones achieved were the successful completion of the SunEdison Semiconductor IPO and the placement of convertible senior notes, both of which give us additional flexibility to accelerate growth. In addition, just after quarter-end we successfully completed the TerraForm Power IPO which we expect to be a key driver for lower cost of capital,” said Chatilla.

Read Next

October 13, 2025
France’s Engie and the UAE’s Masdar have been chosen to jointly develop a 1.5GW PV power plant near Abu Dhabi.
Premium
October 13, 2025
Brett Beattie of Castillo Engineering looks at some of the key land grading work that can make multimillion-dollar differences to projects.
October 13, 2025
Korean chemical production firm OCI Holdings has acquired a 65% stake in a Vietnamese solar wafer production plant, intending to export solar wafers to the US.
October 13, 2025
The world is on pace to exceed 3TW of cumulative solar installations by the end of the year, according to a report from DNV.
October 13, 2025
The Trump administration has cancelled the 6.2GW Esmeralda 7 solar project in Nevada – once touted as one of the largest in the world.
October 13, 2025
Two Chinese state-owned energy enterprises have signed cooperation agreements on PV and wind power projects with Saudi companies, with the total contract value exceeding RMB30 billion (US$4.2 billion). 

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 21, 2025
New York, USA
Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK