SunEdison CEO Ahmad Chatila was excited to speak about the growth potential of First Wind, SunEdison’s $2.4 billion wind developer acquisition, during today’s analyst call.
Stock markets like excitement and growth potential — and to that end, SunEdison stock was up 29.3 percent on the big news today. Here are five slides out of the thousands shown this morning that tell a good part of the story:
“We think 2017 will be a lot larger than 2016.”
Here’s the growth story: “The ITC issue in the U.S.? We’re going to plow through it,” said the CEO, adding, “We’re going to continue to increase our volumes. We think 2017 will be a lot larger than 2016.”
The CEO said, “We took advantage of this deal to punch above our weight in a big way.”
GTM Research analyst Cory Honeyman points out that First Wind currently ranks as the 11th largest utility-scale PV developer in the U.S, with a total of 468 megawatts (DC) in operation and in development, according to GTM Research’s U.S. Utility PV Market Tracker.
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