SunEdison, TerraForm Blistered After Hedge Fund Cut

By | November 17, 2015

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SunEdison (SUNE) stock was torched Tuesday on Wall Street after word that New York-based Greenlight Capital carved 6.2 million SunEd shares from the hedge fund, according to Bloomberg. Effective Sept. 30, Greenlight reduced its SunEdison positions to 18.6 million shares, worth $133.6 million. The firm’s decision followed deep losses on the positions this year. SunEdison stock is down 82% for the year, while Micron Technology (MU) stock has dropped Scalper1 News

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