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Appaloosa Sues Sunedison; Stock Crashing
Wednesday, January 13, 2016 - 11:21am | 414Read More...Sunedison Inc (NYSE: SUNE)'s stock spiked down on Wednesday morning. Reuters reported that Appaloosa Management is suing the company. According to Reuters, Appaloosa Management, led by David Tepper, is suing SunEdison's YieldCo, TerraForm Power Inc (NASDAQ: TERP) from taking over...
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Sunedison Crashes After 'Expensive' Restructuring, Now 90% Off 52-Week High
Thursday, January 7, 2016 - 4:43pm | 325Read More...Sunedison Inc (NYSE: SUNE) shares are down 40 percent on Thursday, about eight hours after the company said it will raise $725 million of secured term loans amid an agreement to reduce $738 million of debt. As Benzinga previously reported, the company said a Second Lien Facility will be...
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SunEdison Says It Will Raise $725 Million, Reduce $738 Million Of Debt
Thursday, January 7, 2016 - 8:59am | 170Read More...Shares of Sunedison Inc (NYSE: SUNE) were trading higher by more than 2 percent early Thursday morning after the company announced the pricing of $725 million of secured term loans and an agreement to reduce $738 million of debt. Sunedison noted a Second Lien Facility will be comprised of $500...
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SunEdison Surges Following Agreement To Extinguish $336 Million Of Notes
Wednesday, December 30, 2015 - 11:53am | 231Read More...Shares of Sunedison Inc (NYSE: SUNE) surged higher by nearly 8 percent Wednesday morning following the company's announcement that it will extinguish $336 million of 2020 exchangeable notes. SunEdison noted that its whole-owned subsidiary, Seller Note LLC, entered into an agreement to...
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SunEdison Shares Rally In The Face Of Drastically-Reduced Q4 Guidance
Thursday, December 24, 2015 - 2:28pm | 186Read More...Noted analyst and long-time bear on the solar industry, Gordon Johnson of Axiom Capital, issued a concerning mid-day note on SunEdison Inc (NYSE: SUNE) Thursday afternoon. And given the fact that SunEdison shares closed Thursday's holiday-shortened session up nearly 10 percent, Johnson...
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David Tepper: SunEdison Is Holding Back TerraForm's Value
Tuesday, December 1, 2015 - 12:01pm | 613Read More...Shares of Sunedison Inc (NYSE: SUNE) have plunged nearly 85 percent over the past year. Hedge fund manager David Tepper delivered a scathing letter to the company's Board of Directors on Tuesday. Tepper highlighted the company's "strategic focus around acquiring projects...
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Solar Stocks Are Plummeting: Here's Why
Tuesday, November 10, 2015 - 1:24pm | 621Read More...Shares of Sunedison Inc (NYSE: SUNE) plunged more 20 percent on Tuesday, sending shock waves across the entire solar sector. Sunedison reported a loss of $0.91 per share in its third quarter, worse than the $0.69 loss per share analysts were expecting. Sunedison said in its quarterly report that...
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Solar Merger Brings Out The Short Sellers
Sunday, August 30, 2015 - 9:44am | 901Read More...By and large, the number of shares short among the leading U.S. solar-related stocks increased between the July31 and August 14 settlement dates. The trend was most obvious in SolarCity Corp (NASDAQ: SCTY), Sunedison Inc (NYSE: SUNE) and Vivint Solar Inc (NYSE: VSLR), two of which announced a...
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Why Are Solar Stocks Down After Obama's Carbon Announcement?
Monday, August 3, 2015 - 3:54pm | 478Read More...On Monday, U.S. president Barack Obama announced what he called the "single most important step America has taken in the fight against global climate change." He introduced the nation's first-ever limits on carbon emissions by power plants. The plan will aim for a 32 percent...
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Sharp Drop In Short Interest For SolarEdge, SunEdison
Thursday, June 11, 2015 - 7:00am | 918Read More...The surge in short interest among the leading U.S. solar-related stocks in early May became gave way to more mixed movement in the final two weeks of the month. Some of the wildest swings in the level of short interest between the May 15 and May 29 settlement dates happened to Advanced Energy...
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Why This Analyst Believes SunEdison's YieldCo Could Be 'One Of The First Truly Global EM Yield Cos.'
Tuesday, May 12, 2015 - 2:40pm | 387Read More...Sunedison Inc (NYSE: SUNE) announced on Monday it would be reviewing its corporate structure, specifically it will evaluate the use of a general partner (GP) structure, similar to that of an MLP, to more effectively align the company structure with long-term asset ownership. In addition, the...
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SunPower, First Solar Transitioning To YieldCo
Monday, May 4, 2015 - 12:58pm | 216Read More...SunPower Corporation (NASDAQ: SPWR) and First Solar, Inc. (NASDAQ: FSLR) posted throw-away Q1 earnings last week as the two companies prepare for a YieldCo. Following Q1 earnings last week, First Solar fell nearly 9 percent, while SunPower dipped 4 percent. The YieldCo, called 8point3 Energy...
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Short Sellers Still Retreating From Solar Stocks
Monday, April 27, 2015 - 8:18am | 903Read More...By and large, short interest for the leading U.S. solar-related stocks continued to shrink between the March 31 and April 15 settlement dates. The retreat by short sellers was especially notable in Advanced Energy Industries, Inc. (NASDAQ: AEIS), First Solar, Inc. (NASDAQ: FSLR) and Solaredge...
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First Solar, SunEdison Buck Trend In Solar Short Interest
Thursday, January 29, 2015 - 8:30am | 967Read More...First Solar, Inc. (NASDAQ: FSLR) and Sunedison Inc (NYSE: SUNE) bucked the short interest trend among the leading U.S. solar-related stocks between the December 31 and January 15 settlement dates. Real Goods Solar, Inc. (NASDAQ: RGSE), on the other hand, led that trend as the new year kicked off...
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3 Solar Stocks With Short Interest Worth Watching
Monday, December 29, 2014 - 2:05pm | 926Read More...The short interest in Vivint Solar Inc (NYSE: VSLR) rose by a double-digit percentage between the November 28 and December 15 settlement dates. Among the other leading U.S. solar-related stocks, First Solar, Inc. (NASDAQ: FSLR) and SolarCity Corp (NASDAQ: SCTY) also saw a bump in the number of...
