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Stock Market & Financial Investment News

News Breaks
June 17, 2014
17:02 EDTAES, SUNESunEdison, Riverstone Holdings to partner in Silver Ridge Power JV
SunEdison (SUNE) has reached a definitive agreement to acquire a 50% ownership stake in Silver Ridge Power, or SRP, from a subsidiary of The AES Corporation (AES). Through its ownership in the SRP joint venture, SunEdison will own 50% of 336 MW of solar power plant operating projects and a 40% interest in the Tenaska Imperial Solar Energy Center West 183 MW solar power facility to be completed in 2016. SRP's assets include the currently operating 266 MW Mt. Signal solar project in California. The acquisition is expected to close in late June 2014, subject to customary closing conditions and receipt of regulatory approvals. Following the acquisition, the remaining 50% of SRP will continue to be held by an affiliate of Riverstone Holdings. After closing, Riverstone and SunEdison expect the joint venture to contribute the Mt. Signal project to SunEdison's yieldco subsidiary. In addition, following completion of the Tenaska Imperial Solar Energy Center West project, and subject to customary closing conditions and receipt of regulatory approvals, SunEdison expects to acquire Riverstone's share of SRP's interest in Tenaska Imperial Solar Energy Center West and to contribute a total of a 40% interest in Tenaska Imperial Solar Energy Center West to SunEdison's yieldco subsidiary in 2016.
News For SUNE;AES From The Last 14 Days
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January 29, 2015
08:26 EDTSUNESunEdison added to Top Picks list at FBR Capital
FBR Capital added SunEdison (SUNE) to its Top Picks list saying the stock price is underestimating the company's international growth, drop-downs into TerraForm Power and value creation potential of the Yield Co. FBR sees a path for the stock’s value to reach $40. The firm also believes the recent pullback in shares of Canadian Solar (CSIQ) is unjustified. It believes the recent decline in oil prices will not have a material impact on future solar and wind pipelines in the U.S.
January 28, 2015
10:05 EDTSUNESunEdison calls active on renewed takeover chatter
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09:59 EDTSUNERumor: SunEdison moves up on renewed takeover chatter
January 26, 2015
11:50 EDTSUNESolar names rise after Obama pledges U.S. help for Indian solar push
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10:28 EDTSUNEIndia's Mahnidra to add 500 MW of solar energy, Reuters says
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January 21, 2015
07:33 EDTSUNESunEdison becomes supplier to 250 school districts of California's SPURR
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07:04 EDTSUNESunEdison and TerraForm Power secure financing for solar project in UK
SunEdison (SUNE) and TerraForm Power (TERP) have secured financing to build five large-scale solar farms in the UK which will generate 85.2MW of electricity. The projects are expected to be acquired by Terraform in early 2015. Financing for the solar farms has been provided by Santander (SAN) Global Banking and Markets and Bayerische Landesbank, who acted as arrangers and Santander UK who acted as agent. The total amount financed was GBP70M. SunEdison has begun construction on all five sites, and will complete them in Q1.
January 20, 2015
18:30 EDTSUNEOn The Fly: After Hours Movers
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16:11 EDTSUNESunEdison files to sell $350M convertible senior notes due 2022
13:56 EDTSUNESamsung reports 3.4% passive stake in SunEdison
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10:44 EDTAESAES Corp. management to meet with SunTrust
Meeting to be held in Atlanta on January 26 hosted by SunTrust.
January 16, 2015
11:05 EDTSUNEStocks with call strike movement; TWTR SUNE
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07:31 EDTSUNESunEdison raises $590M for First Wind acquisition
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