Solar Outlook Cut Worries As SunEdison Zooms On Talks

By | December 24, 2015

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Shares of solar energy system developer and installer SunEdison (SUNE) jumped nearly 10% in Thursday’s shortened session after the company disclosed that it’s in talks for a substantial credit line as it powers ahead with an acquisition. But that rise overlooks lowered installations guidance for the fourth quarter, which was tucked into Thursday’s business update from SunEdison, Axiom Capital analyst Gordon Johnson tells IBD. Last month, SunEdison Scalper1 News

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