Why SunEdison (SUNE) Stock Is Falling Today

NEW YORK (TheStreet) -- SunEdison (SUNE) was falling -2.8% to $17.80 Thursday after missing analysts' expectations for earnings and revenue in the first quarter.

For the first quarter SunEdison posted a loss of -25 cents a share, missing the Capital IQ Consensus Estimate of a loss of -17 cents a share by 8 cents. Revenue grew 34% year-over-year to $578 million. Analysts expected revenue of $593.83 million for the quarter.

SunEdison said it plans to create a new public company which will hold projects with long-term agreements with power producers.

Looking to the full-year 2014, SunEdison now expects to retain 440 MW to 570 MW in its solar plants during the year, up from its initial target of 400 MW to 500 MW. The company cut its adjusted solar plant sales forecast to 460 MW to 580 MW from 500 MW to 650 MW.

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TheStreet Ratings team rates SUNEDISON INC as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:

"We rate SUNEDISON INC (SUNE) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. Among the primary strengths of the company is its solid stock price performance. At the same time, however, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity."

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