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June 30, 2014
08:03 EDTSUNESunEdison closes $190M project financing for solar plant
SunEdison announced the closing of a $155M non-recourse debt financing arrangement with the Overseas Private Investment Corporation, the Inter-American Development Bank, and CorpBanca, a prominent Chilean commercial bank, who also provided a local Chilean Peso VAT facility equivalent to $35M. The debt proceeds will be used in Chile for the construction of a 72.8 MWp merchant solar power plant. Interconnection of the 72.8 MWp plant is expected to take place during 2014. Once completed, the project, called "Maria Elena" and located in the Antofagasta region of Chile, is set to become one of the largest solar photovoltaic merchant power plants in Latin America and one of the largest in the world.
News For SUNE From The Last 14 Days
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August 31, 2015
06:22 EDTSUNESunEdison initiated with an Outperform at Macquarie
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August 27, 2015
11:00 EDTSUNESolarCity shines after Morgan Stanley upgrades shares
The shares of SolarCity (SCTY) are jumping nearly 7% after Morgan Stanley upgraded the stock, saying that its recent plunge is inconsistent with the company's continued strong growth outlook. SolarCity specializes in equipping U.S. homes with solar power. WHAT'S NEW: SolarCity's shares have tumbled 21% in the past month, but residential solar's growth outlook is still strong, Morgan Stanley analyst Stephen Byrd wrote in a note to investors today. Moreover, SolarCity does not have the financing concerns that have afflicted other companies in the solar space, and the outlook of the overall residential solar sector remains strong, according to Byrd. Only 1% of U.S. households obtain their electricity from oil, so the huge decline in oil prices shouldn't affect SolarCity's business, the analyst believes. The drop in natural gas prices is more relevant, but the retreat will not significantly lower the electricity bills of consumers who get their electricity from natural gas, the analyst stated. Byrd estimated that each 50c decline in natural gas prices would only lower the electricity bills of California and New Jersey consumers by 2%. Consequently, SolarCity's business should not be derailed by the decline in natural gas prices, contended Byrd. Additionally, SolarCity's customer base has relatively high credit scores, added Byrd, who kept a $93 price target on the shares. WHAT'S NOTABLE: On August 24, Goldman Sachs wrote that SolarCity's stock was attractive following its retreat. The company probably won't be affected by issues that are causing investors to worry about the solar sector, the firm contended at that time. It kept an $85 price target and Conviction List Buy rating on the shares. ANOTHER TO WATCH: SunEdison (SUNE) recently agreed to buy Vivint Solar (VSLR), which also specializes in equipping homes with solar power. PRICE ACTION: In late morning trading, SolarCity surged 6.6% to $45.90.
10:57 EDTSUNEOptions with increasing implied volatility
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05:45 EDTSUNEStocks with implied volatility movement; SUNE SCTY
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August 26, 2015
15:59 EDTSUNEOptions Update; August 26, 2015
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14:18 EDTSUNESunEdison rallies, levels to watch
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14:04 EDTSUNERumor: SunEdison moves up on speculation it could abandon Vivint acquisition
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11:08 EDTSUNEStocks with call strike movement; TWTR SUNE
Twitter (TWTR) December 29 call option implied volatility decreased 3% to 64, SunEdison (SUNE) January 10 call option implied volatility increased 5% to 104 according to iVolatility.
10:36 EDTSUNEOptions with increasing implied volatility
Options with increasing implied volatility: UVXY PTCT VIX SVXY SUNE SQQQ SPXS LPI
August 25, 2015
11:41 EDTSUNESolarCity rises again after Chairman Musk buys shares
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09:59 EDTSUNEOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: SunEdison (SUNE) downgraded to Neutral from Buy at UBS... Green Bancorp (GNBC) downgraded to Neutral from Buy at SunTrust... BOK Financial (BOKF) downgraded to Neutral from Buy at SunTrust... AGL Resources (GAS) downgraded to Hold from Buy at Argus... Coty (COTY) downgraded to Neutral at JPMorgan.
07:32 EDTSUNETerraForm dividend yield should limit downside risk, says UBS
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07:15 EDTSUNESunEdison downgraded to Neutral from Buy at UBS
UBS analyst Julien Dumoulin-Smith downgraded SunEdison (SUNE) to Neutral from Buy, stating that with many investors losing confidence that its outlook could get worse before it gets better and that he "cannot recommend investors attempt to catch a falling knife." The analyst believes that there is still fundamental value if the company can achieve its stated targets, but has reduced his TerraForm (TERP) GP valuation given concerns about long-term sustainable growth and lowered his price target on SunEdison shares to $11 from $20.
05:54 EDTSUNESunEdison downgraded to Neutral from Buy at UBS
August 24, 2015
16:46 EDTSUNEPresident Obama announces new renewable energy commitments
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11:09 EDTSUNEGoldman says SolarCity attractive after sharp pullback
SolarCity (SCTY) shares are climbing in the down market after Goldman Sachs contended in a note to investors today that the stock is attractive following its recent sharp retreat, The company probably won't be affected by issues that are causing investors to worry about the solar sector, the firm believes. WHAT'S NEW: Noting that SolarCity's stock had tumbled 27% in the last month before today's open, Goldman Sachs analyst Brian Lee wrote that the shares are being dragged down by worries about financing and cost of capital that are affecting the entire solar sector. However, he contended that these issues are having only a "limited" impact on SolarCity. On August 13, the company successfully sold asset-backed securities and it said that more such sales are likely to occur in the near-term, Lee noted. Meanwhile, SolarCity isn't being affected by the cost of capital increases that other solar companies are experiencing, the analyst reported. Before today's open, the stock was near a two year low, even though SolarCity's fundamentals are still "strong," Lee believes. Additionally, the largest U.S. solar trade show, which is expected to begin on September 14, could boost solar stocks, as it has historically been a catalyst for the sector, the analyst stated. SolarCity may provide guidance about the outlook for its Silevo solar panel manufacturing subsidiary in the second half of 2015, and the guidance could boost the stock, Lee believes. The risk/reward ratio of SolarCity's stock is positive, according to the analyst, who has a Conviction List Buy and $85 price target on the shares. OTHERS TO WATCH: Other publicly traded companies in the solar space include Canadian Solar (CSIQ), First Solar (FSLR), JA Solar (JASO), SunEdison (SUNE), SunPower (SPWR), Trina Solar (TSL) and Yingli Green Energy (YGE). PRICE ACTION: In late morning trading, SolarCity advanced 5.3% to $43.18.
August 21, 2015
16:01 EDTSUNEOptions Update; August 21, 2015
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10:02 EDTSUNEOn The Fly: Analyst Initiation Summary
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08:18 EDTSUNESunEdison initiated with a Hold at Axiom
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06:56 EDTSUNESolar companies spending $1B in Texas projects, WSJ says
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