NEW YORK (TheStreet) -- Shares of SunEdison Inc. (SUNE - Get Report) are up 2.39% to $19.27 on Tuesday after the company announced it closed on construction financing for its 60 megawatt alternating current Regulus solar power plant in California.
Regulus is the company's largest project in North America and is designed to generate enough electricity to power over 10,000 homes per year.
The company, which develops, manufactures, and sells silicon wafers, said the plant should be operational by the end of 2014.
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- Compared to its closing price of one year ago, SUNE's share price has jumped by 310.95%, exceeding the performance of the broader market during that same time frame. Regarding the stock's future course, our hold rating indicates that we do not recommend additional investment in this stock despite its gains in the past year.
- SUNE, with its decline in revenue, underperformed when compared the industry average of 3.4%. Since the same quarter one year prior, revenues slightly dropped by 8.2%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.
- SUNEDISON INC has experienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. The company has reported a trend of declining earnings per share over the past year. However, the consensus estimate suggests that this trend should reverse in the coming year. During the past fiscal year, SUNEDISON INC reported poor results of -$2.39 versus -$0.65 in the prior year. This year, the market expects an improvement in earnings (-$0.15 versus -$2.39).
- The gross profit margin for SUNEDISON INC is currently extremely low, coming in at 13.04%. It has decreased significantly from the same period last year. Along with this, the net profit margin of -51.95% is significantly below that of the industry average.
- Net operating cash flow has significantly decreased to -$399.20 million or 2106.03% when compared to the same quarter last year. In addition, when comparing to the industry average, the firm's growth rate is much lower.
- You can view the full analysis from the report here: SUNE Ratings Report