SunEdison (SUNE) stock combusted Tuesday, torching Canadian Solar (CSIQ) stock with it, after SunEd reported mixed Q3 earnings that stoked investor concerns regarding the firm’s liquidity and its yield company model. In afternoon trading in the stock market today, SunEdison stock was down nearly 22%, trading below 6 at a 30-month low. Early Tuesday, SunEdison reported $476 million in Q3 sales and a per-share loss minus items of 91 cents. Sales
SunEdison (SUNE) spinoff TerraForm Power (TERP) fell under legal scrutiny Monday after a Pennsylvania law firm announced an investigation into whether the company violated federal securities laws, according to a press release. The Law Offices of Howard G. Smith announced the investigation as TerraForm Power reported record Q3 revenue that nearly tripled year over year. For its Q3 ended Sept. 30, TerraForm Power posted $163 million in sales, up
No. 1 solar installer SolarCity (SCTY) shadowed a regular-session uptrend in IBD’s Solar-Energy industry group on Wednesday, potentially feeling heat Wall Street’s forecast for massive losses when the company reports its fiscal Q3 late Thursday. SunEdison (SUNE) stock led the way Wednesday, up 11% on news of a license deal with Solaria, a solar panel manufacturer. According to the press release, SunEdison agreed to license Solaria’s manufacturing