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Stock Market & Financial Investment News

News Breaks
June 4, 2014
09:08 EDTSUNE, FCEL, UA, NQ, CG, TIBX, PLUG, FSLR, ALSN, BLDP, P, PLOn The Fly: Pre-market Movers
HIGHER: NQ Mobile (NQ), up 33% after reporting that its special committee's independent investigation did not find any evidence that the company had engaged in the fraudulent conduct alleged by Muddy Waters... Protective Life (PL), up 18% after agreeing to be acquired by Dai-ichi Life for $70.00 per share... Under Armour (UA), up 2% after upgraded at Jefferies... First Solar (FSLR), up 3% after U.S. imposes preliminary tariffs on Chinese solar imports, company announces planned acquisition of skytron-energy, India defers First Solar dumping case to July. LOWER: Tibco Software (TIBX), down 12.5% after downgraded at Stifel, Mizuho and JMP Securies following the company's weaker than expected Q2 guidance... FuelCell (FCEL), down 14% after reporting lower than expected Q2 revenue. Peers Plug Power (PLUG), down 4.5%, and Ballard Power (BLDP), down 5%, following FuelCell's report... Pandora (P), down 4.5% after reporting May listening hours, New York Times says the Justice Department will announce an examination of agreements that govern music licensing... SunEdison (SUNE), down 2.9% after filing to sell $500M in convertible senior notes in a private placement... Allison Transmission (ALSN), down 1.6% after 35M share spot secondary offering of common stock being sold by investment funds affiliated with The Carlyle Group (CG) and Onex Corporation priced at $30.15.
News For NQ;PL;FSLR;UA;P;PLUG;FCEL;BLDP;TIBX;SUNE;ALSN;CG From The Last 14 Days
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November 18, 2014
08:34 EDTSUNESunEdison acquisition supports robust growth outlook, says Morgan Stanley
Morgan Stanley said SunEdison's acquisition of First Wind provides increased confidence into a robust growth outlook and could mark the first in a series of future M&A transactions. Shares are Overweight rated.
07:28 EDTSUNESunEdison, TerraForm Power acquisition a potential game-changer, says UBS
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06:54 EDTSUNESunEdison & TerraForm Power to host Investor meeting
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06:46 EDTPMicrosoft could spin off Nokia MixRadio, TechCrunch reports
According to sources, Microsoft (MSFT) is considering spinning off Nokia MixRadio, the music streaming service it acquired as part of its takeover of Nokia's (NOK) Devices and Services unit, TechCrunch reports. Microsoft is reportedly seeking investors for Nokia MIxRadio, and the potential spin-off is said to be making "good progress." Reference Link
November 17, 2014
18:32 EDTSUNEOn The Fly: After Hours Movers
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17:39 EDTSUNESunEdison, TerraForm Power acquisition of First Wind to close in 1Q15
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17:34 EDTSUNESunEdison, TerraForm Power to acquire First Wind for $2.4B
SunEdison (SUNE) and TerraForm Power (TERP) announced that they have signed a definitive agreement to acquire First Wind, one of the leading developers, owners and operators of wind projects in the U.S. With the purchase, SunEdison acquires the leading independent wind development and asset management company and becomes the leading global renewable energy development company. As a result, SunEdison raises its 2015 project installation guidance from 1.6-1.8 GW to 2.1-2.3 GW. SunEdison shareholders are expected to benefit from increased project development cash flow, asset management revenues, and dividend payments from TerraForm Power. The transaction also will accelerate the timing and enhance the visibility of SunEdison's receipt of incentive distribution rights from TerraForm Power, and increase the value of SunEdison's yieldco platform. The transaction is immediately accretive to TerraForm Power and is expected to deliver $72.5M in unlevered cash available for distribution in 2015. Pro forma for the transaction, TerraForm Power raises its 2015 CAFD guidance to $214M and 2015 dividend guidance to $1.30 per share, a 44% increase over its current $0.90 dividend rate. SunEdison will purchase over 1.6 GW of pipeline and backlog projects, which have been added to TerraForm Power's call right project list and are expected to be operational in 2016-2017. Included in the transaction is an additional 6.4 GW of project development opportunities. SunEdison expects to accelerate the rate of project development and realize significant synergies and growth opportunities by integrating First Wind's wind platform into its own global project development and finance platform. TerraForm Power acquires 521 MW of contracted wind generation assets from First Wind and adds 1.6 GW to its list of call right projects scheduled for drop down in 2016-2017. The acquisition increases the generation capacity of TerraForm Power's operating portfolio by more than 50% and provides further geographic diversity in Maine, New York, Hawaii, Vermont and Massachusetts. In addition, subsequent to the acquisition, TerraForm Power's call right project list with SunEdison will double to 3.2 GW of solar and wind projects.
11:35 EDTFSLRStocks with call strike movement; GNW FLSR
Genworth (GNW) March 11 call option implied volatility increased 6% to 53, First Solar (FSLR) March 55 call option implied volatility increased 12% to 51 according to IVolatility.
09:59 EDTFSLRFirst Solar calls active on renewed takeover speculation
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09:46 EDTFSLRRumor: First Solar strength attributed to renewed takeover speculation
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09:42 EDTPPandora management to meet with JPMorgan
Meeting to be held in Boston on November 19 hosted by JPMorgan.
November 16, 2014
18:57 EDTPSirius loses request to dismiss Turtles' lawsuit on pre-1972 songs, NYT says
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November 14, 2014
16:52 EDTSUNEGreenlight Capital gives quarterly update on stakes
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16:21 EDTPOn The Fly: Closing Wrap
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12:58 EDTPOn The Fly: Midday Wrap
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11:22 EDTPPandora rallies after CEO share purchase
The stock is being pushed higher by word that the CEO of the company made a purchase of 25,000 shares following the recent lows at $17.55. At the current price of $20.97 resistance is at the bottom of the bearish gap down in price from October 24th at $21.17. A move higher puts the shares back into the gap for a bullish gap fill. Resistance would be at $22.48 thereafter. Support is at $20.31. Approximately 10% of the float is short which is likely contributing to a squeeze higher.
11:05 EDTPPandora jumps following CEO share purchase
Shares of Pandora (P) are rallying after the company's CEO disclosed that he had bought 25,000 shares of the company's stock. WHAT'S NEW: In a regulatory filing last night, Pandora CEO Brian McAndrews disclosed that he had bought 25,000 of the company's shares on Wenesday at a price of $18.58 per share. McAndrews now owns over 475,000 shares of the stock, according to the filing. ANALYST REACTION: In a note to investors, Stifel analyst Scott Devitt wrote that McAndrews purchased the stock using his own personal funds. According to the analyst, it is quite rare for CEOs to take such an action. McAndrews' purchase of the stock was "a strong vote of confidence" in the company, Devitt contended. He kept a $29 price target and Buy rating on the shares. WHAT'S NOTABLE: Pandora announced that it would hold a conference call next Tuesday to discuss proceedings before the Copyright Royalty Board. The board will determine the company's new royalty structure by December 2015, Devitt wrote. PRICE ACTION: In mid-morning trading, Pandora climbed $2.30, or 12.5%, to $20.75.
09:38 EDTSUNEJANA Partners gives quarterly update on stakes
NEW STAKES: AMD (AMD), AECOM Technology (ACM), Alibaba (BABA), McDonald's (MCD), Amgen (AMGN), Gaming and Leisure Properties (GLPI), Iron Mountain (IRM), iRobot (IRBT), Seadrill Partners (SDLP), Valeant (VRX). INCREASED STAKES: eBay (EBAY), Charter (CHTR), Groupon (GRPN), HD Supply (HDS), Hertz (HTZ). DECREASED STAKES: Apache (APA). LIQUIDATED STAKES: CBS (CBS), Endo (ENDP), FMC Corporation (FMC), SeaWorld (SEAS), SunEdison (SUNE).
09:38 EDTPActive equity options trading
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08:18 EDTPPandora CEO share purchases a significant vote of confidence, says Stifel
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