About SunEdison, Inc.

SunEdison (formerly MEMC Electronic Materials) turns sun into power. The company not only makes solar modules, polysilicon, and silicon wafers used in solar panels, it also designs, makes, installs, and maintains solar installations for individuals and corporate customers. The company has 1.3 gigawatts of electricity-producing panels installed and a pipeline of 3.4 gigawatts. It has also begun generating electricity from solar power and selling that electricity to utility customers. The sale of silicon wafers and solar panels are becoming less of the company's business as it focuses on solar power. SunEdison spun off 20% of its silicon wafer fabrication business and is spinning off part of its solar business.


SunEdison Semiconductor, the wafer business, completed its $94 million IPO in early 2014. TerraForm Power, a unit that will own and operate some of the company's solar power plants, filed a few months later hoping to raise up to $50 million.


In many markets, including the US, installing solar panels involves prohibitive costs for consumers. To overcome that, SunEdison only charges customers for electricity generated by the systems. Needless to say, the company relies heavily on government subsidies.

Geographic Reach

The US and Taiwann represents SunEdison's largest markets, each accounting for more about 25% of sales, followed by Canada (16%) and South Korea (10%).

SunEdison has manufacturing and administrative facilities in Italy, Japan, Malaysia, Singapore, South Korea, Taiwan, and the US.

Sales and Marketing

The company markets its wafers through a direct sales force and a global network of customer service centers. The duration of its sales agreements is generally one year or less. Its wafer customers include virtually all of the leading semiconductor device makers and foundries.

SunEdison's solar energy projects are sold directly, as well as through local and regional channel partners. SunEdison's solar energy customers include enterprises, governments, and utilities; it began offering solar systems to individuals in 2013.

Financial Performance

Overall sales decreased in 2013 as the company juggled the pending IPO of its semiconductor business and semiconductor prices fell under market pressure. A modest operating income of $57 million in 2012 became an operating loss of $316 million in 2013 as solar sales faltered and the company took write-downs when it closed a plant in Italy. Semiconductors' price softness added a drag as well. Cash used in operations more than doubled as the company held more solar projects on the books and prepared for that unit's IPO.


In 2013 the company made major changes designed to move it toward its stated goal of developing large solar energy systems in the US and abroad. It closed a wafer plant in Italy it had previously idled then spun off 20% of its silicon wafer business and prepared to spin off part of its solar operations. The wafer spin off gave it money to fund its solar operations while the spin off of some solar operations gives it additional capital to keep expanding that business. Previously, the company had restructured and slimmed down its global operations to cope with slumping sales amid the global economic downturn.

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SunEdison, Inc.

13736 Riverport Dr Ste 180
Maryland Heights, MO 63043
Phone: 1 (314) 770-7300
Fax: 1 (636) 279-5154


  • Employer Type: Public
  • Stock Symbol: SUNE
  • Stock Exchange: NYSE
  • President and CEO: Ahmad R. Chatila
  • Chairman: Emmanuel T. Hernandez
  • EVP and CFO: Brian Wuebbels

Major Office Locations

  • Maryland Heights, MO

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