"The rise and fall of SunEdison (NYSE:SUNE) is one of the stranger stories in renewable energy recently..."

SunEdison (SUNE) has plummeted 71.4% in 3 months attributable to its purchases of renewable companies.

 LOL., snippets from today's Motley Fool on SUNE...

"One of the reasons investors loved SunEdison so much is the company's incredible growth spree. In the past year, it bought First Wind, a $2 billion portfolio of wind projects from Invenergy, and residential solar company Vivint Solar (NYSE: VSLR), among other smaller deals." 

"making money in renewable energy is harder than it seems"

"SunEdison is losing money like crazy"

How Predictable that SunEdison that loaded up on renewable LLCs, along with First Wind, would implode as SUNE?

Remember when SUNE was HOT? 

Forbes

June 20, 2015

'12 Energy Stocks The Richest Hedge Fund Billionaires Are Betting On Now'

Top Buy: SunEdison

"World's largest renewable-energy development firm bought seven portfolios in Asia, Africa and South America."

http://www.forbes.com/pictures/fjlj45fmlj/top-buy-sunedison/

Now it's NOT 

SUNE has fallen 71.4% in the last three months

Motley Fool

September 27, 2015

Once a Hedge Fund Favorite, SunEdison Has a Long Climb Out of Its Current Hole


(A Clip- emphasis added in bold

except for this sentence):


How quickly the mighty have fallen. After becoming a favorite on Wall Street, SunEdison has proven that making money in renewable energy is harder than it seems.


"The rise and fall of SunEdison (NYSE:SUNE) is one of the stranger stories in renewable energy recently."

The rise and fall of SunEdison (NYSE:SUNE) is one of the stranger stories in renewable energy recently. Formerly known as MEMC Electronic Materials, SunEdison jettisoned its floundering semiconductor business after the solar industry collapsed in 2012 and made a big bet on building renewable energy projects.

Over the last few years, SunEdison has acquired wind companies and solar developers, and built its own organic growth business, growing until it became the world's biggest renewable energy developer. The company became a favorite of hedge fund billionaries, counting 10 such investors as of June 2015, according to Forbes.

But the stock has fallen 71.4% in the last three months, and investors have to be wondering what's going on -- and whether the company can recover.

Growth for the sake of growth


One of the reasons investors loved SunEdison so much is the company's incredible growth spree. In the past year, it bought First Wind, a $2 billion portfolio of wind projects from Invenergy, and residential solar company Vivint Solar (NYSE: VSLR), among other smaller deals.  

The deals made SunEdison a growth machine, as you can see from the company's own projections below.

There's only one problem. SunEdison is losing money like crazy as it's built this growth engine. Legacy losses from the semiconductor business, operating expenses, acquisition costs, and debt costs are eating into the company's finances.

continue reading:

http://www.fool.com/investing/general/2015/09/27/once-a-hedge-fund-...

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Comment by Eric A. Tuttle on September 28, 2015 at 11:46am

Short term investors, in for the quick cash of taxpayer funding, aka the leaches.... soon the bottom feeders will be there (for the very low prices), until they too feel the risk is to great and the prices are not climbing due to a lack of overall quality of product. Then and only then the company must re purchase its own stocks, if it is able to do so. Ha! get some suckers through Terraform (ENRON II) a no bailout no government refund. (I do not remember such with ENRON other than the wealthy got first dibs at the financial corpse ) 

Comment by Eric A. Tuttle on September 28, 2015 at 11:37am

One thing that I always believed when dealing with the stock market.... If they recommend a buy, it is because someone else needs to sell or knows something is amiss. And the opposite is true. When they can prove their products value and generate profits for stockholders without much debt, investment will follow. Their Product (SunEdison et al) is unproven, depends on corporate welfare with incentives, and is creating a mountain of debt in its own right as their technology, though in its infancy, is starting to show its failings, both in productivity and durability along with added consumer expenses not forewarned and associated environmental production hazards besides CO².

Comment by Eric A. Tuttle on September 28, 2015 at 11:28am

I was watching this in the Stock Market reports. Suppose their new Yieldco Terraform, a scam to draw new investors, to buy SunEdisons debt came to light as to its purpose? Another ENRON model for failure leaving the smaller investors holding the bag once more?

 

Maine as Third World Country:

CMP Transmission Rate Skyrockets 19.6% Due to Wind Power

 

Click here to read how the Maine ratepayer has been sold down the river by the Angus King cabal.

Maine Center For Public Interest Reporting – Three Part Series: A CRITICAL LOOK AT MAINE’S WIND ACT

******** IF LINKS BELOW DON'T WORK, GOOGLE THEM*********

(excerpts) From Part 1 – On Maine’s Wind Law “Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine if the law’s goals were met." . – Maine Center for Public Interest Reporting, August 2010 https://www.pinetreewatchdog.org/wind-power-bandwagon-hits-bumps-in-the-road-3/From Part 2 – On Wind and Oil Yet using wind energy doesn’t lower dependence on imported foreign oil. That’s because the majority of imported oil in Maine is used for heating and transportation. And switching our dependence from foreign oil to Maine-produced electricity isn’t likely to happen very soon, says Bartlett. “Right now, people can’t switch to electric cars and heating – if they did, we’d be in trouble.” So was one of the fundamental premises of the task force false, or at least misleading?" https://www.pinetreewatchdog.org/wind-swept-task-force-set-the-rules/From Part 3 – On Wind-Required New Transmission Lines Finally, the building of enormous, high-voltage transmission lines that the regional electricity system operator says are required to move substantial amounts of wind power to markets south of Maine was never even discussed by the task force – an omission that Mills said will come to haunt the state.“If you try to put 2,500 or 3,000 megawatts in northern or eastern Maine – oh, my god, try to build the transmission!” said Mills. “It’s not just the towers, it’s the lines – that’s when I begin to think that the goal is a little farfetched.” https://www.pinetreewatchdog.org/flaws-in-bill-like-skating-with-dull-skates/

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Hannah Pingree on the Maine expedited wind law

Hannah Pingree - Director of Maine's Office of Innovation and the Future

"Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine."

https://pinetreewatch.org/wind-power-bandwagon-hits-bumps-in-the-road-3/

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