SunEdison (SUNE) Stock Gains on Revenue Beat

SunEdison (SUNE) stock is higher in pre-market trading on Tuesday, following the release of the company's 2015 third quarter financial results before the market open.
By Rachel Graf ,

NEW YORK (TheStreet) -- SunEdison (SUNE) stock is higher by 3.52% to $7.65 in pre-market trading on Tuesday, after the company reported its 2015 third quarter earnings results before the market open today.

The renewable energy development company reported a loss of 91 cents per share, up from a loss of $1.06 per share for the year ago period. 

Revenue increased year over year to $476 million, from $469 million for the 2014 third quarter.

Analysts had expected SunEdison to report a loss of 69 cents a share on revenue of $437.45 million for the third quarter of 2015.

"During the third quarter, we continued our track record of execution within the development business by delivering over 600 MW, more than double versus the prior year," CEO Ahmad Chatila said in a statement. "In addition, we made the difficult, but necessary decision to optimize our organization in the face of the current market conditions within the yieldco space."

Separately, TheStreet Ratings team rates SUNEDISON INC as a Sell with a ratings score of D+. TheStreet Ratings Team has this to say about their recommendation:

We rate SUNEDISON INC (SUNE) a SELL. This is driven by a few notable weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally high debt management risk, weak operating cash flow, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share.

You can view the full analysis from the report here: SUNE

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