SunEdison (SUNE) stock reversed Monday after a big jump on Christmas Eve that defied the solar company’s guidance cut that day, tucked into a December business outlook. Shares of the solar energy system developer and installer were down 6.3% in afternoon trading on the stock market today, near 5.55, after a 9.9% gain on Thursday, the last prior trading day. The Thursday jump came as SunEdison disclosed in an SEC filing that it’s in talks for a
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
SunEdison (SUNE) stock was torched Tuesday after TerraForm Power (TERP) activist investor Appaloosa Management demanded to see the parent company’s books ahead of its Vivint Solar (VSLR) acquisition. And in other solar news, SolarCity (SCTY) and Vivint Solar stocks lurched lower after the installers threatened to exit Nevada should the state opt to slash net-metering payments to solar customers. In morning trading on the stock market today,