April 5, 2018 / 8:52 PM / 4 months ago

BRIEF-8Point3 Energy Says ‍Will Recognize Estimated Impairment In Range Of $40 Mln To $48 Mln During Q2 Due To Termination Of Maryland Solar Project ​

April 5 (Reuters) - 8point3 Energy Partners LP:

* 8POINT3 ENERGY SAYS ‍WILL RECOGNIZE ESTIMATED IMPAIRMENT IN RANGE OF $40 MILLION TO $48 MILLION DURING Q2 2018 DUE TO TERMINATION OF MARYLAND SOLAR PROJECT ​

* 8POINT3 ENERGY SAYS ‍IF MARYLAND SOLAR PPA IS TERMINATED, CO EXPECTS DECREASE IN FUTURE REVENUES BEGINNING ON JAN 1, 2020 - SEC FILING​

* THE IMPAIRMENT LOSS WILL HAVE A MATERIAL ADVERSE EFFECT ON CO'S SECOND QUARTER 2018 NET INCOME ( LOSS)

* 8POINT3 ENERGY PARTNERS LP SAYS CO'S ‍Q2 2018 REVENUE IS NOT IMPACTED IF MARYLAND SOLAR PPA IS TERMINATED​ Source text: [bit.ly/2q4SsQA] Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below