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Stock Market & Financial Investment News

News Breaks
February 19, 2014
05:40 EDTSUNESunEdison initiated with an Outperform at FBR Capital
Target $20.
News For SUNE From The Last 14 Days
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July 31, 2015
10:04 EDTSUNESunEdison drops with TerraForm Global IPO pricing below range
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09:56 EDTSUNEOptions with increasing volume on open
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July 30, 2015
05:48 EDTSUNEStocks with implied volatility movement; SUNE MYL
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July 28, 2015
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.
July 27, 2015
10:56 EDTSUNEOptions with increasing implied volatility
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July 24, 2015
16:30 EDTSUNEStocks end week lower as Apple headlines busy week of earnings
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July 23, 2015
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 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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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.
July 20, 2015
16:22 EDTSUNEOn The Fly: Top stock stories for Monday
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12:08 EDTSUNEOn The Fly: Top stock stories at midday
Stocks on Wall Street were slightly higher at midday in the first trading day of a week that will be light on domestic economic data but heavy on earnings reports. Investors will be receiving profit reports from about 25% of the companies on the S&P 500 this week, making this the highest volume earnings week of this season. ECONOMIC EVENTS: In the U.S., no major data was released. In Europe, Greece reopened its banks three weeks after closing as the country worked out another bailout agreement. The country announced it has started the process of paying off its creditors, including the European Central Bank and the International Monetary Fund, with a bridge loan it just received. COMPANY NEWS: Lockheed Martin (LMT) agreed to buy the Sikorsky Aircraft business from United Technologies (UTX) for $9B, noting the price is "effectively reduced" to $7.1B after taking into account tax benefits resulting from the transaction. Shares of Lockheed, which also reported better than expected second quarter results and increased its fiscal year guidance, gained nearly 2% after the Sikorsky announcement and saying it will conduct a strategic review of its government IT infrastructure services business and technical services business... Shares of Morgan Stanley (MS) shares were little changed near noon after the bank reported earnings and revenue, excluding certain adjustments, that topped analysts' consensus forecasts... SunEdison (SUNE) announced a deal to acquire Vivint Solar (VSLR) for approximately $2.2B, payable in a combination of cash, shares of SunEdison common stock and SunEdison convertible notes. In connection with the proposed acquisition of Vivint Solar, SunEdison has entered into a definitive purchase agreement with a subsidiary of TerraForm Power (TERP) which, concurrently with the completion of SunEdison's acquisition of Vivint, will acquire Vivint Solar's rooftop solar portfolio, consisting of 523 MW expected to be installed by year-end 2015, for $922M in cash. Shares of Vivint rose 44% following the announcement, while SunEdison's stock gained 4% and TerraForm dropped 3%. Fellow residential solar installer SolarCity (SCTY), which is backed by Tesla's (TSLA) Elon Musk, rose 7% following the deal in the space. MAJOR MOVERS: Among the notable gainers was Exelixis (EXEL), which rallied 43% after the company reported that a study of cabozantinib in metastatic renal cell carcinoma met its primary endpoint of significant improvement in progression-free survival. The shares were indicated to rise even more in early pre-market trading, but lost some of their gains after Bristol-Myers (BMY) announced that its Opdivo study was stopped early after showing superior overall survival in a Phase 3 study of previously treated patients with advanced or metastatic renal cell carcinoma. Bristol-Myers rose a bit less than 1% to trade near $70 per share after its own announcement. Also higher was PayPal (PYPL), which gained more than 5.5% in its first day of trading after being spun out of eBay (EBAY). Meanwhile, eBay shares rose over 2%. Cal-Maine Foods (CALM) dropped 8% after posting lower than expected sales and profits in its fourth quarter and warning that while it should have an adequate supply of its primary feed ingredients, the company expects that prices will be "volatile" in the year ahead. Also lower were shares of several gold miners, including Barrick Gold (ABX) and Newmont Mining (NEM), which each fell about 11%, as gold prices declined about 2% near midday. INDEXES: Near midday, the Dow was up 31.66, or 0.18%, to 18,118.11, the Nasdaq was up 9.81, or 0.19%, to 5,219.96, and the S&P 500 was up 2.82, or 0.13%, to 2,129.46.
11:27 EDTSUNESunEdison acquisition implies higher SolarCity valuation, says Raymond James
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09:22 EDTSUNEOn The Fly: Pre-market Movers
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07:14 EDTSUNESunEdison acquires Vivint Solar for $2.2B
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