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Stock Market & Financial Investment News

News Breaks
July 3, 2014
07:02 EDTSUNE, AESSunEdison acquires 50% stake in Silver Ridge Power Joint Venture
SunEdison (SUNE) completed its acquisition of a 50% ownership stake in Silver Ridge Power, from a subsidiary of AES Corporation (AES) for approximately $178.6M in cash. Through its ownership in the SRP joint venture, SunEdison now owns a 50% interest in 336 MW of solar power plant operating projects, including the 266 MW Mt. Signal solar project in California, and a 40% interest in the Tenaska Imperial Solar Energy Center West 183 MW solar power facility to be completed in 2016. SunEdison will provide operations and management (O&M) and asset management for SRP's entire projects portfolio.
News For SUNE;AES From The Last 14 Days
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April 24, 2015
16:36 EDTAESAES Corp. clarifies record date for Q2 dividend payment
On April 24, The AES Corporation announced that it had declared a quarterly common stock dividend of 10c per share payable May 15. The second quarter dividend is payable to shareholders of record at the close of business on May 5, not May 1, as previously announced. There is no change to the payment date of May 15.
April 22, 2015
07:11 EDTSUNESunEdison to convert landfill site in Winchendon to 2.6 MW solar power plant
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06:09 EDTSUNESunEdison appoints Pancho Perez as COO
SunEdison announced that Pancho Perez has been appointed to the newly created role of EVP and COO. Perez's appointment extends his role as COO for TerraForm Power to leadership in the same role across the SunEdison platform. Perez has previously served as president of SunEdison Europe, Middle East, and Latin America.
April 21, 2015
07:16 EDTSUNESunEdison and TerraForm close financing for portfolio of 97 MW of solar projects
SunEdison (SUNE) and TerraForm (TERP) announced that they have closed financing of a 97 megawatts DC portfolio of utility-scale photovoltaic solar projects in the UK that were connected during the first quarter of 2015. The portfolio is comprised of eight large-scale solar farms across England and Wales that will have the combined capacity to power nearly 30,000 homes per year. Individual project size varies from 6 to 19 MW. Financing for the construction of the solar farms has been provided by Bayerische Landesbank, which provided a GBP 84.6 million non-recourse loan. EDF Energy, the UK's largest producer of low-carbon electricity, will purchase the solar energy under a 15-year power purchase agreement with SunEdison. As announced on March 31, 2015, TerraForm Power has acquired plants with a capacity of 53 MW from this portfolio. It intends to acquire the remaining 44 MW, currently included on SunEdison's Call Right Project List for TerraForm Power, during the second quarter of 2015.
April 16, 2015
11:27 EDTSUNESunEdison initiated with an Outperform at Avondale
Target $35.
April 15, 2015
10:36 EDTAESBofA/Merrill U.S. credit analysts hold an analyst/industry conference call
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