Boston, MA, 03/06/2014 – Sunedison Inc (NYSE:SUNE) has ambitious plans with which it hopes it will be able to realize growth and return solid benefits to its shareholders. The company is looking at various approaches to attain its goal, but as always, it is only after we get to the bottom of the matter that you can judge for yourself what is or what isn’t. That follows shortly, first is how the stock managed to fight for its value in the last session.
Shares of Sunedison Inc (NYSE:SUNE) were traded in the price range of $20.29 to $21.12. Eventually the shares closed the day at $20.97, having entered a 0.38 percentage gain.
Sunedison Inc (NYSE:SUNE) recently announced a debt financing deal with Deutsche Bank AG (USA) (NYSE:DB). That agreement will help the solar projects company to expand its business in Europe, and U.K. solar market in particular. Moreover, the financing deal will lead to creation of employment opportunities.
The non-resource financing agreement will enable Sunedison Inc (NYSE:SUNE) to fund the construction of a utility-scale solar project in the U.K. with capacity of 56 megawatts (MW). And things are expected to move really fast. Construction of constituent projects numbering about four is expected to start by the end of this month.
The bottom line is that Sunedison Inc (NYSE:SUNE) will be able to grow its project portfolio by expanding into the U.K. Furthermore, the financing from Deutsche Bank AG (USA) (NYSE:DB) will be important in winning over the confidence of solar projects perspective partners.
Attaining ambitious dream
Sunedison Inc (NYSE:SUNE) has its eyes set on deploying solar energy of at least 20 gigawatts (GW) in the U.K by 2020. In order for the company to attain that dream and many other growth plans it has identified, it is looking at various approaches.
Sunedison Inc (NYSE:SUNE) observed that it would need undivided attention on its core competencies. In that case, it is considering the spin-off of its semiconductor business as this will allow greater attention on solar projects.
The company is also circling more partnerships as another approach toward attaining its growth goal and big value return to investors. Also, Sunedison Inc (NYSE:SUNE) is concerned about expanding margins and reducing costs as initiatives to grow and reward shareholders.
Sunedison Inc (NYSE:SUNE) is obviously visionary on what it thinks its shareholders want from it. Yet the reality is that while it can try to reduce cost, engage in partnership building and even spin-off its semiconductor operation, competition will eat on its margin.
The company is surrounded by competitors like First Solar, Inc. (NASDAQ:FSLR) and SunPower Corporation (NASDAQ:SPWR), which are not letting any serious opportunity to slip away from their hands.