SunEdison's (SUNE) Cost of Capital on Preferred Offering Could be High Given Conversion Price - RBC
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Go back to SunEdison's (SUNE) Cost of Capital on Preferred Offering Could be High Given Conversion Price - RBC
August 19, 2015 6:43 AM EDT
Needham & Company reiterated a Buy rating on SunEdison (NYSE: SUNE), and raised the price target to $31.00 (from $30.00), following recent rounds of financing. Analyst Edwin Mok believes that the recently completed 2 rounds of financing is needed to fund the 2016 growth target, as well as to shore up the company's balance sheet. The recent decline... More
August 18, 2015 10:50 AM EDT
SunEdison (NYSE: SUNE) Hits Session Lows, Down 3.5%
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August 18, 2015 9:11 AM EDT
SunEdison (NYSE: SUNE) announced the pricing of its public offering of 650,000 shares of 6.75% Series A Perpetual Convertible Preferred Stock, par value $0.01 per share (the "Perpetual Convertible Preferred Stock"), at a price of $1,000 per share. The offering is expected to close on August 21, 2015, subject to customary closing conditions.
Dividends on the shares of the Perpetual Convertible Preferred Stock will be payable on a cumulative basis when, as and if declared by the Company's board of directors, or an authorized committee thereof, at the rate per annum of 6.75%... More
August 17, 2015 5:35 PM EDT
SunEdison (NYSE: SUNE) announced today that it intends to file a prospectus supplement to a registration statement filed on Form S-3 with the U.S. Securities and Exchange Commission ("SEC"), relating to a proposed underwritten public offering of shares of perpetual convertible preferred stock,... More
