Tag Archives: terp

SunEdison Sued, Investor Hates TerraForm-Vivint Deal

Heavyweight investor Appaloosa Management sued SunEdison (SUNE) to prevent a SunEd yield company from buying Vivint Solar’s (VSLR) rooftop portfolio, Reuters reported Wednesday. In afternoon trading on the stock market today, Vivint Solar stock crashed 6%, while shares of SunEdison and its TerraForm Power (TERP) yieldco were down 4% and 5%, respectively. Overall, IBD’s 22-company Solar-Energy industry group was down 4.5% Wednesday afternoon. The

Appaloosa Demands SunEdison, Vivint Solar Books

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,

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