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Stock Market & Financial Investment News

News Breaks
August 13, 2014
08:53 EDTSUNESunEdison 6M share Block Trade priced at $20.50
Deutsche Bank acted as sole book running manager for the offering.
News For SUNE From The Last 14 Days
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April 30, 2015
13:16 EDTSUNEChinese solars fall after analyst indicates tariff could be scrapped
The shares of Chinese solar stocks are falling after research firm Cowen indicated that China's solar feed-in-tariff program could be altered or canceled in 2016. WHAT'S NEW: After meeting with "numerous solar" companies in China, Cowen analyst Jeffrey Osborne wrote that "there have been discussions around the future of China's national (solar) feed-in tariff program." Solar companies' fourth quarter results may exceed expectations as developers rush to complete projects "if the feed-in tariff program becomes subject to a change, reduction, replacement, or cancellation for 2016 onward," according to Osborne. Moreover, the analyst reported that his conversations indicate that the pricing of solar energy products will bottom in April or May, then be flat to up at the end of Q2. Solar companies' Q1 margins will be challenging due to price drops and foreign exchange fluctuations, the analyst added. However, Q2 orders indicate that pricing has plateaued, while foreign exchange headwinds have eased, according to Osborne. Two to three gigawatts of the five gigawatts of solar energy that China reported were installed in Q1 were probably actually completed last year and then connected to the grid this year, Osborne reported. On a positive note, the analyst, confirming recent reports says that demand for solar energy in China is accelerating. He predicts that demand will spike in Q3, as new projects may not be eligible for the feed-in tariff if they are less than 50% complete by November 30. He identified his favorite names ion the solar sector as Trina Solar (TSL), SunPower (SPWR), SunEdison (SUNE), and Amtech Systems (ASYS). PRICE ACTION: In mid-afternoon trading, JinkoSolar fell 1.5% to $28.80, Trina Solar declined 3% to $12.50, Canadian Solar dropped 3% to $36, SunPower fell 2% to $32.70, JA Solar lost 2.5% to $10.30, and SunEdison dropped 1% to $25.80. .
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.

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