Crius Energy Trust Tr Unit CRIUF

Utilities Utilities - Diversified

"Crius Energy Trust through its subsidiaries is engaged in the sale of electricity and natural gas to residential and commercial customers under variable price and fixed-price contracts. The company, through its subsidiaries, also markets solar products to its existing customers as well as to new prospects. It provides retail electricity to its customers in the Connecticut, Delaware, District of Columbia, Illinois, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Ohio, Pennsy

GREY:CRIUF - Post by User

Crius Energy Trust Tr Unit > Wow!!!!!!!!

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Comment by predawnon Dec 06, 2018 7:04pm

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Post# 29079492

RE:RE:RE:RE:RE:RE:RE:RE:Wow!!!!!!!!

well to me this says we are basically out of the solar business

As of the end of the third quarter of 2018, the trust has substantially wound down its solar business such that it does not expect a continued meaningful negative financial impact from the solar business in the fourth quarter of 2018 and beyond.

A third party adviser was engaged to explore the strategic alternatives for the solar business, and, as a result of this process, the decision was made to wind down the solar business, with the temporary exception of the Verengo new-home installation business in California, which operates at a near-break-even basis. Verengo will continue operating during the final stages of the trust's strategic review, which is now expected to conclude in the fourth quarter of 2018.

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