Bankrupt solar
company SunEdison Inc on Friday joined its "yieldcos" in delaying earnings report for the second-quarter ended June 30.
SunEdison is yet to file its 2015 annual repot, as well as its first-quarter report, after the company identified "material weaknesses" in its financial reporting, primarily related to problems with a newly implemented IT system.
The company said the Chapter 11 bankruptcy filing also contributed to the delay.
TerraForm Power Inc and TerraForm Global Inc , the company's "yieldcos", said on Wednesday they would delay filing their second-quarter earnings reports.
"Yieldcos" are publicly traded units that
hold renewable energy assets, including those bought from the parent company.
(Reporting by Arathy S Nair; Editing by Sriraj Kalluvila)