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Sunedison Spike On False Rumor Called 'Comical' By This Analyst
Monday, March 28, 2016 - 2:48pm | 221Read More...Shares of Sunedison Inc (NYSE: SUNE) continued trading higher late Monday afternoon after a fake press release spread the rumor that the Rockefeller Brothers Fund was considering a purchase of the beleaguered company. The Rockefeller Brothers Fund later told Benzinga there's "no truth" to the rumor...
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Sunedison Up 13% On Apparently 'Fake' Takeover PR
Monday, March 28, 2016 - 2:10pm | 357Read More...Shares of Sunedison Inc (NYSE: SUNE) were trading higher by more than 13 percent following a suspicious release by BriefingWire, which discussed potential M&A activity. The story appeared on Briefing Wire and was attributed to Madalina Iacob, a senior reporter for Debtwire. The release was...
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A Year Ago, Sunedison Said Its Stock Was 25% Undervalued: It's Down 94% Since Then
Wednesday, March 23, 2016 - 11:49am | 435Read More...When investors are feeling worried or uncertain about the future of a company, it's common for them to look to the company’s management for comfort. However, this approach can be a costly mistake. About a year ago, Sunedison Inc (NYSE: SUNE) CEO Ahmad Chantila told CNBC he believed...
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Here's The Report That Sent Sunedison Down 20%
Tuesday, March 22, 2016 - 2:12pm | 398Read More...Sunedison Inc (NYSE: SUNE) shares are reacting negatively to a report out from Debtwire, published at 11:04 EDT on March 22. The stock is down 19 percent on the day. Due to interest in the report, a larger breakdown of Debtwire's comments, titled "SunEdison engages in DIP talks with...
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Report Says Sunedison In Talks With Second Lien Holders, Shares Crash
Tuesday, March 22, 2016 - 1:04pm | 387Read More...Shares of Sunedison Inc (NYSE: SUNE) are down heavily on Tuesday amid a report the company is meeting with second lien holders, according to Debtwire. "SunEdison is in negotiations with holders of its second lien loans to fund a DIP facility," two sources familiar with the matter...
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SunEdison Down Nearly 30% After Audit Investigation, Delayed Filing And Street Downgrade
Tuesday, March 1, 2016 - 10:55am | 239Read More...Shares of Sunedison Inc (NYSE: SUNE) were trading lower by nearly 30 percent shortly after Tuesday's market open. Investors and traders were reacting to SunEdison's announcement that it expects to file its 10-K regulatory filing within 15 calendar days after the due date. The company also disclosed...
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Report: Sunedison In Talks To Divest Its Utility-Scale Solar Project
Friday, February 26, 2016 - 3:04pm | 148Read More...Shares of Sunedison Inc (NYSE: SUNE) surged higher Friday morning after a Delaware Court of Chancery denied Appaloosa management's attempts to block the company's merger with Viviant Solar Inc (NYSE: VSLR). Sunedison's stock remained significantly higher throughout the day, but a...
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SunEdison Initiates New Strategic Partnership With China-Based Jinneng Group
Thursday, February 25, 2016 - 10:59am | 193Read More...According to a report by DigiTimes, Sunedison Inc (NYSE: SUNE) has formed a new strategic partnership with China-based Jinneng Group. DigiTimes noted that the partnership will focus on research and development of N-type monocrystalline HIT (heterojunction with intrinsic thin layer) silicon...
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SunEdison Responds Following Hawaiian Electric Contract Cancellation
Friday, February 19, 2016 - 11:34am | 609Read More...According to a report by Bloomberg, Sunedison Inc (NYSE: SUNE) fell "so far behind" on some of its solar farms that its client Hawaiin Electric Co. (HECO) canceled its contract for 148 megawatts of solar power. Shares of SunEdison were trading unchanged at $1.51 after Friday's opening bell. HECO...
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The Analyst That Sent Sunedison Down 30% Says Co. Just Made A 'Desperation Move'
Thursday, February 18, 2016 - 8:59am | 446Read More...Shares of Sunedison Inc (NYSE: SUNE) fell 8 percent early Thursday morning after the company detailed its new "asset-light strategy." Sunedison said it plans on: 1) selling its Kuching, Malaysia silicon wafer production facility, 2) close its Pasadena, Texas polysilicon production...
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Did Sunedison Just Miss A Preferred Dividend Payment? Gordon Johnson Sees Company In Potentially 'Scary' Scenario
Tuesday, February 16, 2016 - 12:49pm | 393Read More...Sunedison Inc (NYSE: SUNE) might be in a "scary" scenario, according to Axiom Capital's Gordon Johnson. Johnson, who has a Hold rating on shares, issued an intraday note discussing Sunedison's ability to pay its dividend to preferred shareholders. Using publicly available...
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SunEdison Leads Short Interest Trend In Solar Stocks
Saturday, February 13, 2016 - 11:58pm | 629Read More...Short interest in many of the leading solar stocks shrank in the most recent period. Two solar companies in particular led that trend in late January. Analysts on average recommend buying shares of both of them. While short sellers shied away from many of the leading solar stocks between the...
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SunEdison Names An Ex-Greenlight Capital Partner To Its Board Of Directors; Shares Soar
Wednesday, January 27, 2016 - 11:36am | 252Read More...Shares of Sunedison Inc (NYSE: SUNE) were trading higher by nearly 12 percent Wednesday. The company announced a new addition to its Board of Directors. Sunedison's Board of Directors appointed Claire Gogel as an independent director, effective immediately. Gogal is a former Partner at...
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David Einhorn Goes Activist On Sunedison, Is Officially Seeking A Board Seat
Monday, January 25, 2016 - 6:46pm | 284Read More...Sunedison Inc (NYSE: SUNE) shares are up 2 percent on Monday after-hours, after a 2.6 percent rise during the day's regular session. Hedge fund manager David Einhorn of Greenlight Capital revealed, in a new 13D filing, a 6.8 percent stake in the renewable energy company. Einhorn now holds...
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SunEdison Shares Higher Following Report Activist David Einhorn Could Get Board Seat
Monday, January 25, 2016 - 10:32am | 165Read More...Shares of Sunedison Inc (NYSE: SUNE) were trading higher by more than 10 percent at $2.91 heading into Monday's opening bell. Investors and traders were likely encouraged by the Wall Street Journal's report that David Einhorn's Greenlight Capital will be given a seat a SunEdison's board of...
