Tag Archives: sune

First Solar, SunPower Torched On Missed Sales Guide

First Solar (FSLR) stock got burned Wednesday after the No. 1 solar panel maker guided to 2016 sales that narrowly missed Wall Street predictions at the midpoint, helping to torch SunPower (SPWR) — which announced a debt offering — in its wake. The First Solar-SunPower conflagration bucked an uptrend that lifted solar stocks in Wednesday’s regular session. Shares of SunEdison (SUNE), TerraForm Power (TERP), TerraForm Global (GLBL) and Vivint Solar

SunEdison, Yieldcos Spike On Slashed Vivint Solar Bid

Bowing to heightened pressure from hedge fund Appaloosa Management, SunEdison (SUNE) cut its bid on Vivint Solar (VSLR) by $2 per share Wednesday, reflecting Vivint Solar’s 23% depression on Wall Street since the original $2.2 billion offer was announced in July. The bid reduction was announced in conjunction with a $250 million loan from Blackstone Group, prompting solar stocks to light up Wednesday on Wall Street. In midday trading on the stock

SunEdison, TerraForm Blistered After Hedge Fund Cut

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