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One Of America's Largest Solar Operators Is Surging

Rob Wile   

One Of America's Largest Solar Operators Is Surging
Science1 min read

Shares in SunEdison, one of America's largest solar panel systems operators, were up as much as 12% today after reporting an unexpected quarterly profit Thursday.

The Missouri-based company also said its project pipeline increased 19%. They recently announced the acquisition of the largest solar plant in Colorado.

The firm posted adjusted Q2 profits of $33.7 million, or 12 cents a share for the quarter ended against an expected loss of 26 cents according to a Bloomberg survey.

SolarCity, which reports after the bell Thursday, were up about 4% heading into the close.

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