Solistica
Short

SUNE Earnings Report Wednesday

NYSE:SUNE   SUNEDISON INC
112 2 1
a year ago
This one is tough and I've spent a few hours looking into how Wednesday will turn out and I cannot come to a conclusion.

I see a lot of hesitation in the last few days, possibly in preparation of the earnings reports releasing on Wednesday which are finally being published after the company failed to meet the 15-Day extension on the original due date for the records.

The company claims there were "material weaknesses" in its internal accounting control.

While last year 4th Q reports were %50 higher than the forecast, the following quarters have been a recovery from last years 3B in expenses. We could very likely be seeing the first positive Q results in the last 9 months on Wednesday.

The entry into tomorrow should be interesting, for those wishing to get in on the ride, that entry window will probably be open and closed within the first 15min to an hour of market open.
From there it will really depend on how investors take the reports. If they come out positive we could see a break from this roller coaster.

Potential Entry & Exit ares labeled as blue boxes.


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a year ago
Comment: Unfortunately news broke out today that SUNE may be seeking a multi-hundred million dollar loan, as investors panic sell, it could be a very bumpy entrance into tomorrows report release.
paul40322
a year ago
Are you sure the earning is going to be released tmr?
Reply
Solistica PRO paul40322
a year ago
Am I sure they're posted, unfortunately no. Also with having already asked for a 15-day extension, failing to meet that, and then extending the period again to today, I wouldn't be surprised if they still weren't ready.
A quick search around online seems to show that they still have not released them.
Reply
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