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Stock Market & Financial Investment News

News Breaks
March 4, 2014
10:29 EDTSUNESunEdison rallies sharply following upgrade, levels to watch
The stock is up over 12% at time of writing to $20.98. Morgan Stanley earlier upgraded the name to Overweight and set a $24 price target. The firm cited the large opportunity in the commercial-scale solar market as one reason for the recommendation change. Next resistance at current price is at $21.33, the session high, and then at $21.95. Support is at $20.11.
News For SUNE From The Last 14 Days
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April 22, 2015
07:11 EDTSUNESunEdison to convert landfill site in Winchendon to 2.6 MW solar power plant
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06:09 EDTSUNESunEdison appoints Pancho Perez as COO
SunEdison announced that Pancho Perez has been appointed to the newly created role of EVP and COO. Perez's appointment extends his role as COO for TerraForm Power to leadership in the same role across the SunEdison platform. Perez has previously served as president of SunEdison Europe, Middle East, and Latin America.
April 21, 2015
07:16 EDTSUNESunEdison and TerraForm close financing for portfolio of 97 MW of solar projects
SunEdison (SUNE) and TerraForm (TERP) announced that they have closed financing of a 97 megawatts DC portfolio of utility-scale photovoltaic solar projects in the UK that were connected during the first quarter of 2015. The portfolio is comprised of eight large-scale solar farms across England and Wales that will have the combined capacity to power nearly 30,000 homes per year. Individual project size varies from 6 to 19 MW. Financing for the construction of the solar farms has been provided by Bayerische Landesbank, which provided a GBP 84.6 million non-recourse loan. EDF Energy, the UK's largest producer of low-carbon electricity, will purchase the solar energy under a 15-year power purchase agreement with SunEdison. As announced on March 31, 2015, TerraForm Power has acquired plants with a capacity of 53 MW from this portfolio. It intends to acquire the remaining 44 MW, currently included on SunEdison's Call Right Project List for TerraForm Power, during the second quarter of 2015.
April 16, 2015
11:27 EDTSUNESunEdison initiated with an Outperform at Avondale
Target $35.

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