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Stock Market & Financial Investment News

News Breaks
March 20, 2014
07:09 EDTSSNLF, SUNESunEdison 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
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July 28, 2015
14:57 EDTSSNLFAnalyst skeptical after 'amateurish' Micron, Intel memory presentation
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07:13 EDTSUNESunEdison secures financing for Quilapilun solar power plant in Chile
SunEdison announced that it has secured financing and started construction on the 110-megawatt, or MW, DC Quilapilun solar power plant in the Metropolitan Region of Chile. Once completed, the power plant will be SunEdison's first solar project in Santiago and is expected to be its largest solar project in Latin America. The energy produced by the solar plant is expected to be sold to the regulated market through long-term power purchase agreements with local electricity suppliers. Concurrently, SunEdison closed a $160M long-term, non-recourse debt financing arrangement for the project with CorpBanca, and DNB, Norway's largest financial services group. The financing will be used to fund the development, construction, and operation of the project.
06:46 EDTSSNLFSamsung to unveil bigger Galaxy S6 Edge on August 13, WSJ reports
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July 27, 2015
10:56 EDTSUNEOptions with increasing implied volatility
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06:13 EDTSSNLFSamsung Bioepis plans to list on Nasdaq by end of Q2, Reuters reports
Samsung Group's biosimilar drug development subsidiary, Samsung Bioepis, is expected to select advisers to list in the U.S. by the middle of August and plans to debut on the Nasdaq by the end of Q2, Reuters reports. A spokesperson for Bioepis says the exact timing or size of the listing has not yet been decided, but notes that if the company is valued at 8T won-10T won, or $6.87B-$8.59B, and lists 10%-20% of shares, an IPO could raise up to 2T won. Reference Link
July 24, 2015
16:30 EDTSUNEStocks end week lower as Apple headlines busy week of earnings
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06:13 EDTSSNLFAnalysts say Intel best suitor for Qualcomm's chip unit, Reuters says
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July 23, 2015
06:42 EDTSSNLFMobile DRAM prices to fall on excess smartphone inventory, DigiTimes reports
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06:25 EDTSSNLFApple Watch, Android Wear Wi-Fi adoption to motivate others, DigiTimes says
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05:31 EDTSUNESunEdison signs long-term poweer purchase agreement with TPDDL
SunEdison announced that it has signed a long-term power purchase agreement with Tata Power Delhi Distribution, or TPDDL, to provide 180 MW AC of utility-scale solar power for the people of New Delhi. TPDDL is the largest electricity distribution utility in Delhi, and provides power to over 6M people in India's capital city. This is the largest agreement that SunEdison has signed under the open access solar framework, which allows renewable energy providers to sell energy directly through the national grid to end customers.
05:29 EDTSUNEStocks with implied volatility movement; CBI SUNE
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July 22, 2015
05:55 EDTSSNLFDRAMeXchange: DRAM prices to fall further, DigiTimes says
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July 21, 2015
10:01 EDTSUNEOn The Fly: Analyst Downgrade Summary
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09:10 EDTSUNESolarCity has positive read through from Vivint deal, says Roth Capital
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08:06 EDTSUNEVivint Solar downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank downgraded Vivint Solar (VSLR) citing the takeover by SunEdison (SUNE). SunEdison's operating platform will be "considerably enhanced" by the Vivint acquisition, Deutsche tells investors. It raised its price target for the stock to $45 from $40. It also believes TerraForm (TERP) shares may see near-term pressure due to suggested$900M capital raise to finance the Vivint operating asset acquisition.
07:52 EDTSUNESunEdison price target raised to $39 from $32 at UBS
UBS raised its price target on SunEdison (SUNE) to $39 from $32 following its agreement to purchase Vivint Solar (VSLR). The firm cited its increase in MW capacity and sees execution of a global spin as the next major catalyst. UBS reiterated its Buy rating on SunEdison shares.
07:52 EDTSUNEHP announces renewable energy agreement with SunEdison
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07:38 EDTSUNESunEdison downgraded to Neutral from Outperform at Baird
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06:19 EDTSSNLFSilicon Valley giants side with Samsung in battle with Apple, InsideSources says
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05:32 EDTSUNESunEdison acquires Mark Group
SunEdison announced that it has acquired Mark Group, based in Leicester, United Kingdom, a SunEdison solar sales and installation partner. This acquisition establishes a direct sales channel for SunEdison in residential and commercial sales within the UK, providing customers with robust energy efficient products and services, and strengthens the company's global position as a renewable energy leader.
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