New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 20, 2014
07:09 EDTSUNE, SSNLFSunEdison announces private placement of shares to Samsung
SunEdison (SUNE) announced a series of transactions that are expected to occur concurrent with the IPO of its semiconductor division, SunEdison Semiconductor Limited, including: Samsung Fine Chemicals will purchase $100M of SSL's ordinary shares at the IPO price through a private placement concurrent with SSL's IPO. Samsung Fine Chemicals has entered into an agreement with SunEdison pursuant to which SunEdison will purchase from Samsung Fine Chemicals shares representing a 35% interest in SMP, a joint venture between Samsung Fine Chemicals and SunEdison, and SunEdison will contribute those shares to SSL. Samsung Fine Chemicals will continue to be invested in SMP, owning 15% of SMP following the completion of the transaction. The facility is expected to be completed in 2H14 and will provide solar grade polysilicon to SunEdison with the potential to provide electronic grade polysilicon to SSL in the future. Samsung Electronics (SSNLF) has entered into an agreement with SSL pursuant to which SSL will purchase Samsung Electronics' remaining 20% interest in MEMC Korea Company, in exchange for the issuance by SSL to Samsung Electronics of ordinary shares through a private placement concurrent with SSL's IPO. Upon completion of these transactions, SSL will own 100% of MEMC Korea Company. Samsung Electronics and SSL have entered into a long-term agreement for Samsung Electronics to purchase semiconductor wafers from SSL. As a result, SSL's market share with Samsung Electronics is expected to increase in each of the next three years.
News For SUNE;SSNLF From The Last 14 Days
Check below for free stories on SUNE;SSNLF the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
July 28, 2014
12:26 EDTSSNLFIHS teardown says Amazon Fire phone costs $205 to build, Re/code reports
Subscribe for More Information
09:01 EDTSSNLFSamsung delays Tizen smartphone Russia debut, WSJ says
Samsung said it is planning to delay the launch of its Samsung Z smartphone in Russia, which will run on its new Tizen operating system, according to The Wall Street Journal, citing a brief statement from the firm. Postponing the reveal marks a new complication to the company's efforts to make a name for itself in the mobile software and services market. Reference Link
06:33 EDTSSNLFSamsung to open new R&D center in Silicon Valley in 2015, Business Insider says
Samsung is planning to "hire like crazy" in a move to open a $300M R&D center in Silicon Valley by next summer, Business Insider reports. Reference Link
July 24, 2014
09:35 EDTSSNLFReport: Samsung's departments suffering from infighting, DigiTimes says
Subscribe for More Information
07:23 EDTSUNESunEdison partners with Community Energy on Colorado solar power plant
Subscribe for More Information
July 23, 2014
11:33 EDTSSNLFSamsung Ventures invests in BlueStacks, Business Insider reports
Subscribe for More Information
July 22, 2014
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.
06:21 EDTSSNLFWitsView: Acer surpasses Samsung in Chromebook shipments in Q2, DigiTimes says
Subscribe for More Information
06:17 EDTSSNLFGlobal notebook shipments to increase 4.3% in Q3, DigiTimes Research says
Subscribe for More Information
July 21, 2014
07:20 EDTSSNLFSamsung China supplier stops production amid investigation, Reuters says
Subscribe for More Information
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
Subscribe for More Information
10:33 EDTSUNETerraForm Power indicated to open at $33.70
Subscribe for More Information
10:24 EDTSUNETerraForm Power indicated to open $33.05
Subscribe for More Information
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
Subscribe for More Information
09:52 EDTSUNETerraForm Power indicated to open $31.50
Subscribe for More Information
06:41 EDTSUNETerraForm Power IPO priced at $25 per share
Subscribe for More Information
06:08 EDTSSNLFSamsung mobile executives return part of bonuses, Yonhap News reports
Subscribe for More Information
06:02 EDTSSNLFDRAMeXchange: Global DRAM module sales grew 32% in 2013, DigiTimes says
Subscribe for More Information
1 | 2 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use