Aug 8, 2013 - US firm SunEdison Inc (NYSE:SUNE), former MEMC Electronic Materials, Wednesday reported a second-quarter 2013 net loss of USD 102.9 million (EUR 77m), compared to USD 77.2 million a year earlier.
The silicon wafer maker lost USD 0.45 per share, compared to a loss per share of USD 0.33 in the same period of 2012.
On a non-GAAP basis, its net loss stood at USD 42.4 million, against a profit of USD 17 million previously.
Operating loss for April-June expanded to USD 46.6 million from USD 15.3 million. By segment, SunEdison's solar energy unit turned to an operating loss of USD 25.2 million from a profit of USD 11.7 a year back, due to lower volumes and weaker pricing for solar projects and materials. The semiconductor materials division registered an operating profit of USD 3.6 million, versus a USD-4.3-million loss.
The company's revenue halved to USD 401.3 million from USD 808.4 million. Revenue at the semiconductor materials segment rose slightly to USD 239 million from USD 232.7 million, whereas revenue at the solar energy division plunged to USD 162.3 million from USD 575.7 million as a result of SunEdison’s earlier decision to cut solar project development spending. In addition, the second-quarter 2012 result included the sale of 89 MW of solar projects.
At the end of June, SunEdison’s solar arm had a project pipeline of 2.9 GW, the same as a year ago. Backlog stood at 1 GW.
(USD 1.0 = EUR 0.750)
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