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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
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January 28, 2015
10:05 EDTSUNESunEdison calls active on renewed takeover chatter
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09:59 EDTSUNERumor: SunEdison moves up on renewed takeover chatter
January 26, 2015
11:50 EDTSUNESolar names rise after Obama pledges U.S. help for Indian solar push
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10:28 EDTSUNEIndia's Mahnidra to add 500 MW of solar energy, Reuters says
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January 21, 2015
07:33 EDTSUNESunEdison becomes supplier to 250 school districts of California's SPURR
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07:04 EDTSUNESunEdison and TerraForm Power secure financing for solar project in UK
SunEdison (SUNE) and TerraForm Power (TERP) have secured financing to build five large-scale solar farms in the UK which will generate 85.2MW of electricity. The projects are expected to be acquired by Terraform in early 2015. Financing for the solar farms has been provided by Santander (SAN) Global Banking and Markets and Bayerische Landesbank, who acted as arrangers and Santander UK who acted as agent. The total amount financed was GBP70M. SunEdison has begun construction on all five sites, and will complete them in Q1.
January 20, 2015
18:30 EDTSUNEOn The Fly: After Hours Movers
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16:11 EDTSUNESunEdison files to sell $350M convertible senior notes due 2022
13:56 EDTSUNESamsung reports 3.4% passive stake in SunEdison
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January 16, 2015
11:05 EDTSUNEStocks with call strike movement; TWTR SUNE
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07:31 EDTSUNESunEdison raises $590M for First Wind acquisition
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January 15, 2015
16:01 EDTSUNEOptions Update; January 15, 2015
iPath S&P 500 VIX Short-Term Futures up 1.01 to 36.13. Option volume leaders: AAPL TSLA TWTR AMZN FB C CLF ABX SUNE according to Track Data.
07:37 EDTSUNESunEdison price target lowered to $26 from $35 at Canaccord
Canaccord lowered its price target on SunEdison to $26 from $35 based on a more conservative stance on high multiple names due to macro uncertainty. Canaccord reiterated its Buy rating on SunEdison shares.

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