Oh wait, SUNE doesn't deal in rooftop solar.
From Barron's Income Investing:
SunEdison (SUNE) is taking a pounding for the second day in a row after posting disappointing quarterly results that sparked concerns about the company’s long-term viability. The stock is down a staggering 85% since peaking in July, points out Barron’s colleague Chris Dieterich (see his post today, “Two Spectacular Stock Flame-Outs Drill Solar ETFs In 2015“).SUNE is up a dime after setting a new all time low of $4.06 earlier today, the yieldcos are down 46 cents for the domestic, TERP, at $13.50 after it too set an all time low and down 48 cents for global which did not set a new all-time low.
Wednesday, the shares fell 17% to $4.80 a share after losing a quarter of their value on Tuesday. Its two “yieldcos,” TerraForm Power (TERP) and TerraForm Global (GLBL) were down 4% and 3% respectively Wednesday after drops about twice that size the day before. Yieldcos are SUNE divisions that buy finished solar projects developed by SunEdison, theoretically freeing up capital for SUNE to spend on more new projects.
SUNE has been one of the most aggressive acquirers in the renewable space and investors are worried now that it will soon face liquidity constraints as some of the projects it developed aren’t turning out to be as profitable as expected....MORE