urbanSTL

SunEdison & Morgan Stanley Launch Huge Solar Energy Expansion
June 24th, 2015 by Aisha Abdelhamid



Originally published on Solar Love.

Partnering with Morgan Stanley to make tax equity financing available immediately, SunEdison is executing a major launch of an innovative power purchase agreement (PPA) product across seven states. With a newly expanded channel and sales platform, and through the recent acquisition of multiple residential power plants with SunEdison subsidiary TerraForm Power as the long-term asset owner, SunEdison is now firmly positioned to effectively serve every segment of the residential and small commercial solar power market.

SunEdison Fueling Up For Significant Growth

In combination with its major PPA product launch with Morgan Stanley, SunEdison, Inc. (NYSE: SUNE) also announced the acquisition of LightWing, a comprehensive solar platform solution for utility companies and retail energy providers (REPs), and an exclusive sales partnership with Evolve, one of the United States’ largest residential solar resellers.

“By executing on these initiatives,” SunEdison Global General Manager and Senior Vice President of Residential and Small Commercial Vikas Desai said, “we’ve enhanced our product portfolio and channel platform to fuel significant growth.” Desai continued, “With the addition of a new residential PPA product and greatly strengthened channel and sales capabilities, we’re now positioned to effectively serve every segment of the residential and small commercial market.”

Morgan Stanley Promotes Clean Energy Investing

The agreement with leading financier Morgan Stanley announced by SunEdison will provide tax equity financing for the PPA product in a partnership fund with TerraForm Power. A leading global financial services firm, Morgan Stanley provides a wide range of international investment banking, securities, wealth management, and investment management services. Its worldwide clients include corporations, governments, institutions, and individuals in more than 43 countries across the globe.

With special emphasis on sustainable investing, Morgan Stanley’s Institute for Sustainable Investing seeks to mobilize capital to address pressing global challenges and identify market-based, scalable solutions. Morgan Stanley is a founding signatory of the Green Bond Principles, which are voluntary guidelines for the development and issuance of green bonds, critical for encouraging transparency, disclosure, and integrity in the development of the green bond market.

A pioneer in green bonds, since 2013 Morgan Stanley has led 27 green bond transactions representing over $15 billion in aggregate principal amount. Several of these transactions have included notable industry landmarks, such as launching the first-ever corporate green bond, the first-ever automobile asset-backed securities green bond, and the first-ever university green bond in the United States.

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FYI,

Houston-based Kinder-Morgan Energy Partners is a F200 pipeline energy firm with operations in St. Louis.

Its facility is located in South St. Louis.



What is transmix?
South St. Louis Transmix Facility:
-Ethanol blending
-Additive Injection, Gasoline (Generic)
-Red Dye Injection, ULSD
-Lubricity

Arch Coal may file for bankruptcy in 'near term' as debt mounts
November 09, 2015 9:13 am • By Tim Loh Bloomberg News

Updated at 3:55 p.m. with closing price

Arch Coal Inc. said it may file for bankruptcy in the "near term" as the company's cash flow can't sustain its $5.1 billion in debt.

Arch is in talks with creditors over a "significant restructuring" of its balance sheet, the Creve Coeur-based company said in a filing Monday with the Securities and Exchange Commission. The company may file for relief under Chapter 11 whether it strikes a deal with creditors or not, Arch said.

Arch's cash flow "is not sufficient to service our debt sustainably in this operating environment," Chief Executive Officer John Drexler said in an earnings statement earlier Monday. "Arch will require a significant restructuring of its balance sheet to continue to operate as a going concern over the long term."

Arch posted a third-quarter net loss that widened to $93.91 a share from $4.58 a year earlier. Adjusting for one-time items, the loss was $3.38, beating the $5.70 average of 10 analysts' estimates compiled by Bloomberg.

Arch reported a $2.1 billion asset impairment and mine closure charge in the quarter. The charges included $1.7 billion in Appalachia, where low prices and shrinking demand mean that some of Arch's coal mines and reserves probably can't be profitable, the company said.

Arch, the second-largest U.S. coal producer by volume, is running out of options after it terminated a debt-exchange offer last month that would have enabled it to cut its $5.1 billion debt load. The company, which last posted a quarterly profit in 2012, has $704.4 million of liquidity, which investors are watching during a downturn that's put other U.S. coal producers, including Walter Energy and Alpha Natural Resources, into bankruptcy protection this year.

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Arch Coal (ACI) Stock Soaring After Earnings Beat
By Amanda AlbrightFollow | 11/09/15 - 09:39 AM EST

NEW YORK (TheStreet) -- Arch Coal (ACI - Get Report) stock is up by 10.24% to $1.83 in early-morning trading on Monday, after the company's 2015 third quarter earnings results beat analysts' expectations.

Before the market open on Monday, the St. Louis-based coal producer reported a loss of $3.38 per share.

Revenue decreased to $688.5 million, down from $742.2 million for the year-ago period.

Analysts surveyed at Zacks Investment Research were expecting the company to report a wider loss of $5.79 per share on revenue of $688.29 million.

"Our results reflect the actions we have taken to respond to the challenging market environment, including reducing costs and enhancing efficiency across the company," CEO John Eaves said in a statement. "Despite these efforts, however, the difficult conditions impacting the coal industry persist, and we expect they will continue throughout 2016."

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St. Louis big energy stocks are struggling BADLY. In my opinion, Sun Edison has grown too fast.

SunEdison is crashing
Business Insider
Akin Oyedele

SunEdison shares dropped by more than 22% in trading on Tuesday morning.

The renewable-energy firm reported third-quarter results before the market open, and posted a wider-than expected loss (excluding some items) of $0.92, versus the estimate for $0.65, according to Bloomberg.

Revenues of $476 million beat the consensus forecast for $452.6 million.

SunEdison shares fell to as low as $5.59, a level it has not reached for more than two years.

"We made the difficult, but necessary decision to optimize our organization in the face of the current market conditions within the yieldco space," CEO Ahmad Chatila said in the earnings statement.

SunEdison last month announced plans to layoff 15% of its workforce.

The company's shares are a favorite among hedge funds including David Einhorn's Greenlight Capital, which owned the largest stake among funds in the company according to Bloomberg data.

In July, Einhorn's portfolio recorded its worst monthly performance since October 2008, largely because of weakness in SunEdison shares.

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Struggling SunEdison in cost-cutting mode as it seeks profitability
Posted on November 10, 2015 | By Jordan Blum
FuelFix.com


Photo: NextSTL.com

Financially struggling renewable energy giants like SunEdison Inc. are pulling back on their rapid growth that has so far exceeded short-term profitability.

SunEdison quickly grew into the world’s largest renewable energy developer and is building a handful of solar and wind farms in West Texas and the Panhandle. The company is headquartered in Missouri with an operational base in Belmont, California near San Francisco.

“Right now, I would like the company to be much more boring,” SunEdison CEO Ahmad Chatila said Tuesday in its earnings call.

He contended that SunEdison will focus more on improving its cash flow, cutting costs and growing along with the market, rather than continuing to outpace it. SunEdison said last month it was cutting 15 percent of its workforce. He encouraged investors to think long-term and not about the company’s immediate profitability.

SunEdison reported a net income loss attributable to shareholders of $284 million, virtually even with the $283 million net loss from the same quarter last year. However, analysts had anticipated a smaller loss this year. SunEdison has lost nearly $1 billion in net income through the first nine months of 2015. Still, revenues jumped to $476 million for the quarter, up from $469 million next year.

SunEdison has grown quickly to build up its infrastructure and market share, but wind and solar power are only beginning to turn profits in some parts of the world. In the U.S., expiring federal tax credits are needed to keep renewables competitive for now against power coming from cheap shale natural gas.

In two deals each nearly worth $2 billion, SunEdison recently bought First Wind Energy and it is in the process of buying Vivint Solar rooftop solar company, the latter of which is a deal widely criticized by many analysts for over-extending the company financially. While Chatila said the deal will still move forward, he admitted that a series of deals in a short period of time have “really taken a toll.”

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^^^So depending where you stand on global warming and emissions this is good news for some companies in St. Louis.

Peabody was a part of the lawsuit.

St. Louis' energy sector has had a rough go over the last year or so, just like other energy regions in the U.S.

-Patriot Coal relocated to West Virginia
-Arch Coal filed bankruptcy
-SunEdison's stock tanked, could be a takeover or acquistion target
-Peabody Energy laid of workers
-Foresight has many issues
-Abengoa Bioenergy's U.S. HQs in Chesterfield are at risk. Parent company is laying off and could be selling.
-Tubular Steel was bought by L.A.-based Reliance Steel.
-Granite City Steel furloughed up to 2,000 workers.