SunEdison CEO Promises Cash Flows to Calm Investors by 2016
- SunEdison's mounting losses scared some investors, CEO says
- Chief Executive Officer Ahmad Chatila defends Vivint buy
This article is for subscribers only.
SunEdison Inc. Chief Executive Officer Ahmad Chatila has a message for investors who dragged the stock down more than 50 percent in a single month: The cash is coming.
The largest renewable energy developer expects to continue losing money as it invests in new projects around the world and then sells them to two yield companies Chatila controls. SunEdison’s portion of the cash generated by these companies selling power under long-term contracts will begin to flow as early as the end of this year, the CEO said in an interview Wednesday.