Sorry Strategyone,
As explained ad nauseum, those are CONSOLIDATED figures including 100% of TERP and GLBL. SUNEQ only owns a FRACTION of those entities. Accounting rules force them to consolidate because of CONTROL, not ECONOMIC OWNERSHIP. One has to adjust for the fact that they only own a fraction of GLBL and TERP.
Also there is $2B of worthless "goodwill and intangibles".
Making those two adjustments makes equity instantly negative, and that is before the huge costs of the Chapter 11, the DIP loans, the massive contingent unliquidated claims such as lawsuits, and the fact that asset values they are selling are at the DevCo level are below expectations.
There is no chance the equity is worth anything. None.
Do the work or find someone who can.
________________________________________________________
Caller: But why did you back away from your prior guidance?
Eric Kelly: I am sorry? Hello?
