New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 10, 2014
07:02 EDTSUNESunEdison announces cost reduction actions in Italy and Missouri operations
SunEdison announced that it will indefinitely close its shuttered polysilicon manufacturing facility in Merano, Italy immediately. The Merano polysilicon facility was shuttered in December of 2011 as part of a restructuring plan to better align the business with current and expected market conditions and improve overall cost competitiveness. For the past two years SunEdison explored various options to improve the cost effectiveness of the Merano polysilicon facility. Ultimately, the identified cost reductions were not enough to sustain the economic viability of the plant in the current market environment. The indefinite closure will affect approximately 200 employees at the Merano polysilicon plant. In connection with the closure, the associated electronic grade TCS operation will be closed over the next 12 months. As a result of the decision to indefinitely close the polysilicon manufacturing facility and TCS operation, we expect to record approximately $37M of fixed asset impairments for the year-ended December 31, 2013. SunEdison will also commence a plan to consolidate its semiconductor crystal operations. The consolidation will include the transitioning of small diameter crystal activities in its St. Peters, Missouri facility to its other crystal facilities in Korea, Taiwan and Italy. The crystal manufacturing consolidation will affect approximately 100 employees in St. Peters and will be implemented over the next 12 months.
News For SUNE From The Last 14 Days
Check below for free stories on SUNE the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
September 29, 2014
08:35 EDTSUNESunEdison files confidential S-1 for SunEdison emerging markets yield vehicle
Subscribe for More Information
September 25, 2014
06:04 EDTSUNEStocks with implied volatility movement; SUNE ANR
Stocks with implied volatility movement; SunEdison (SUNE) 57, Alpha Natural (ANR) 85 according to iVolatility.
01:10 EDTSUNESunEdison spikes higher on heavy volume, levels to watch
Subscribe for More Information
September 24, 2014
16:01 EDTSUNEOptions Update; September 24, 2014
Subscribe for More Information
12:22 EDTSUNEGE says not in talks to acquire SunEdison, Bloomberg reports
Bloomberg cites a GE (GE) spokesperson, who has refuting earlier rumors that the company was considering a purchase of SunEdison (SUNE).
10:51 EDTSUNESunEdison spikes higher on heavy volume, levels to watch
Subscribe for More Information
10:14 EDTSUNESunEdison call volume attributed takeover speculation
Subscribe for More Information
10:06 EDTSUNERumor: SunEdison strength attributed to takeover speculation
September 22, 2014
07:33 EDTSUNESunEdison to install 241 kW of solar PV micro-grids in Indian villages
SunEdison announced a new project that will install 241 kilowatts of solar PV micro-grids with battery storage in 54 remote Indian villages, bringing electricity access to 7,800 off-grid individuals. Under the Indian government's decentralized distribution generation scheme administered by the Rural Electrification Corporation and Andhra Pradesh Eastern Power Distribution Company Limited, SunEdison will build, operate and then transfer the facilities to the public within five years. SunEdison also announced a new grant to enable 200 salt farmers in the Little Runn of Kutch area of India to purchase solar water pumps. The solar water pumps will be used by the families to pump brine and ultimately to produce salt. SunEdison will begin construction of the mini-grids in October and plans to commission them by March 2015. Capacity building and installation of the solar water pmps will begin in November of this year.
September 19, 2014
07:32 EDTSUNESunEdison completes 1.8MW solar electric solar power plant in New Bedford
SunEdison announced the completion of a 1.8 megawatt DC solar power plant constructed on a remediated EPA Superfund site in New Bedford, Massachusetts. The system was developed on approximately 10 acres of land on the remediated Sullivan's Ledge landfill site and represents another significant step towards meeting the City of New Bedford's goal to satisfy 60% of their electricity needs from solar power. SunEdison partnered with BlueWave Capital to develop the project, arranged construction financing and permanent financing for the project, and managed local partners to provide EPC services. In addition to owning and hosting the site, the City of New Bedford signed a 20-year net credit purchasing agreement with SunEdison at rates that will significantly reduce its electricity costs. The savings generated from the Sullivan's Ledge system are estimated to total over $76,000 annually and $1.8 million dollars over the term of the agreement.
September 17, 2014
13:10 EDTSUNEChinese solars advance after analysts upbeat on space
Subscribe for More Information
08:18 EDTSUNECanadian Solar price target raised to $45 from $40 at FBR Capital
Subscribe for More Information

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