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Stock Market & Financial Investment News

News Breaks
April 29, 2014
08:06 EDTSUNE, DBSunEdison closes construction financing for 60MW Solar Plant
SunEdison (SUNE) announced that it has closed on construction financing underwritten by Deutsche Bank (DB) Securities. The funds will be used to construct the 60 MW AC Regulus solar power plant located in Kern County. SunEdison is managing the construction of the plant, which is planned to be operational by the end of 2014. Regulus will be composed of approximately 250,000 SunEdison Silvantis Photovoltaic Solar Modules.
News For SUNE;DB From The Last 14 Days
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July 24, 2014
08:20 EDTDBDeutsche Bank CFO faces internal criticism over reporting, WSJ says
U.S. authorities have expressed serious concerns about Deutsche Bank's financial data, it has recently come to light, but the bank's CFO Stefan Krause has also faced criticism from within the organization about the issues, say people familiar with the discussions, reported The Wall Street Journal. Reference Link
07:23 EDTSUNESunEdison partners with Community Energy on Colorado solar power plant
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July 22, 2014
15:32 EDTDBNY Fed said Deutsche Bank U.S. unit reports 'inaccurate, unreliable,' WSJ says
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07:31 EDTDBSenate Homeland Security & Government Affairs Committee to hold a hearing
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07:03 EDTSUNESunEdison signs PPA with Southern Nevada Water Authority
SunEdison announced that it has signed a 20-year power purchase agreement, or PPA, with the Southern Nevada Water Authority, or SNWA. The power purchase agreement enables SNWA to lock in a significant portion of its energy costs at a fixed rate, providing an effective hedge against future increases. As part of the agreement, SunEdison will develop, construct, own and operate a 14 megawatt AC solar photovoltaic power plant, located in Clark County, Nevada. Construction of the facility will begin in early 2015 with commercial operation slated for later that year.
July 18, 2014
12:48 EDTSUNESolar stocks rise after successful IPO in space
Shares of solar energy companies are rising after a solar energy company's subsidiary surged on its first day of trading. WHAT'S NEW: The shares of SunEdison (SUNE) subsidiary TerraForm (TERP) are surging 36% in early afternoon trading. TerraForm Power opened at $33.26 and was trading near $34 per share at midday, after its initial public offering priced at $25 per share. TerraForm was formed to own and operate assets that generate clean power and the company plans to pay dividends. In a note to investors yesterday, Josh Baribeau, an analyst at Canaccord Genuity, wrote that TerraForm is a Yieldco. Subsidiaries of energy companies that own power plants and projects, Yieldcos typically trade on stock exchanges. Noting that TerraForm's IPO had priced at the high end of its expected range yesterday and was well oversubscribed, Baribeau wrote that this outcome reflects the strong demand for Yieldcos among investors. The Yieldcos provide investors with yield which is in high demand in today's low interest rate environment, the analyst stated. Additionally, as a result of the strong demand for Yieldcos' stocks, they provide their parent companies with "cheap and abundant capital," the analyst stated. SunEdison and TerraForm will grow their combined cash available for distributions at a faster rate than their target of 15% over the next three years, helping SunEdison's stock rise, the analyst stated. He kept a $30 price target and Buy rating on SunEdison. WHAT'S NOTABLE: A number of solar energy companies that own solar projects could form Yieldcos, research firm Trefis wrote in a Forbes column last month. Like Canaccord's Baribeau, Trefis believes that Yieldcos provide their parent companies with a cheap source of funding. Yieldcos also distribute most of their cash through dividends, Trefis stated. The firm named First Solar (FSLR) and SunPower (SPWR) as companies that could launch their own Yieldcos. PRICE ACTION: In early afternoon trading, Terraform jumped 36% to $34 and SunEdison was down 1% to $22.76. Meanwhile, First Solar rose 1.4% to $62.29, SunPower climbed 2.7% to $38.71, JinkoSolar gained 2.8% to $26.75, and Canadian Solar (CSIQ) advanced 3% to $28.71.
10:38 EDTSUNETerraForm Power opens at $33.26, IPO priced at $25.00
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10:33 EDTSUNETerraForm Power indicated to open at $33.70
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10:24 EDTSUNETerraForm Power indicated to open $33.05
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10:03 EDTSUNETerraForm Power indicated to open $32.50 on 3M shares
TerraForm Power (TERP) is a subsidiary of SunEdison (SUNE).
10:00 EDTSUNETerraForm Power indicated to open $32.00
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09:52 EDTSUNETerraForm Power indicated to open $31.50
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06:41 EDTSUNETerraForm Power IPO priced at $25 per share
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06:26 EDTDBMetro hires Deutsche to guide on consumer-electronics unit, Bloomberg says
Metro (MTTRY) hired Deutsche Bank (DB) to examine options for its consumer-electronics unit, according to Bloomberg, citing two people with direct knowledge of the matter. The sources said that alternatives may include a sale, spinoff or IPO of the Media-Saturn division. Reference Link
July 17, 2014
16:01 EDTSUNEOptions Update; July 17, 2014
iPath S&P 500 VIX Short-Term Futures up 2.66 to 29.93. Option volume leaders: AAPL FB GOOG APA MSFT PBR SUNE AMZN TWTR TSLA according to Track Data.
10:00 EDTSUNEOn The Fly: Analyst Initiation Summary
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08:50 EDTSUNESunEdison initiated wtih a Buy at Axiom Capital
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July 16, 2014
11:53 EDTSUNEStocks with call strike movement; MNKD SUNE
MannKind (MNKD) January 17 call option implied volatility increased 6% to 79, SunEdison (SUNE) October 28 call option implied volatility increased 3% to 58 according to IVolatility.
08:25 EDTDBCNBC / Institutional Investor to host a conference
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July 14, 2014
11:45 EDTSUNEStocks with call strike movement; BBRY SUNE
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