Needham & Company Raises Price Target on SunEdison (SUNE) Following Recent Financing

'V' Shaped Recovery Not Seen for SunEdison (SUNE), Baird Said; PT down to $20

Baird analyst Ben Kallo reiterated a Neutral rating and lowered his price target on SunEdison (NYSE: SUNE) to $20.00 (from $35.00).

Kallo believes the 54% sell-off since July 21 was related to: (1) concern over integrating the >$4B of recent acquisitions, including two operating companies in Vivint Solar (VSLR; Not Covered) and First Wind (Private); (2) financing... More

SunEdison's (SUNE) Cost of Capital on Preferred Offering Could be High Given Conversion Price - RBC

RBC Capital affirms SunEdison (NYSE: SUNE) at Outperform with a price target of $24 (recently lowered from a prior target of $36) following pricing of the company's 650,000 6.75% Series A Perpetual Convertible Preferred Stock, which was $1,000 per share.

Analyst Mahesh Sanganeria commented, We think the... More

SunEdison (SUNE) Hits Session Lows, Down 3.5%

SunEdison (NYSE: SUNE) Hits Session Lows, Down 3.5%

Pre-Open Stock Movers 08/18: (OMER) (ESPR) (SUNE) (DKS) (HD) Higher; (APP) (SNDK) (WMT) Lower (more...)

Omeros (NASDAQ: OMER) 64.4% HIGHER; announced additional positive data in the company's Phase 2 clinical trial of OMS721 for the treatment of thrombotic microangiopathies (TMAs). TMAs are a family of rare, debilitating and life-threatening disorders characterized by excessive thrombi (clots) aggregations of platelets in the... More

SunEdison (SUNE) Prices 650k Series A Perpertual Conv. Preferred Stock Offering

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

SunEdison (SUNE) Warehouse Facility Addresses Liquidity Concerns, Baird Says

Baird analyst Ben Kallo reiterating a Neutral rating and $35 price target on SunEdison (NYSE: SUNE) after the company announced a construction warehouse facility providing $1B of liquidity, which will help SUNE complete projects in 2016. The facility will address liquidity concerns.

Kallo... More

New Warehouse Facility for SunEdison (SUNE) Should Address Liquidity Concerns - Cowen

Cowen analyst Jeffrey Osborne reiterated his Outperform rating and $35 price target on SunEdison (NYSE: SUNE), saying the new $1 billion warehouse facility should alleviate liquidity concerns.

Osborne commented, "unEdison bolstered the breadth and depth of its financing options with the announcement of a... More

After Hours Stocks Movers 08/17: (ESPR) (SUNE) (URBN) Higher (more...)

Esperion Therapeutics, Inc. (NASDAQ: ESPR) 8.9% HIGHER; provided an update today from the ETC-1002 (bempedoic acid) End-of-Phase 2 meeting with the U.S. Food and Drug Administration (FDA) last week. The FDA confirmed that LDL-C remains an acceptable clinical surrogate endpoint for the approval of an LDL-C lowering therapy such as ETC-1002 in patient populations who have a high unmet medical need, including patients with heterozygous familial... More

SunEdison (SUNE) to File to Offer $500M of Perpetual Convertible Preferred Stock

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

Market Wrap: Builder Sentiment Rose in August; zulily Will Become Part of QVC; Tesla Gains on Positive Analyst Outlook

Market wrap for August 17th

End of the Day: S&P 500 up 10.9 to 2,102.44; Dow Jones up 67.8 to 17,545.18; Nasdaq up 43.5 to 5,091.70

Market Brief: Markets started lower Monday, but chugged higher throughout the session, as concerns over the recent yuan revaluation subsided and focus turned back to the FOMC Minutes, which will be released Wednesday afternoon. Investors will be looking through the report for any signs of an impending rate hike, which could happen as soon as next month.

QVC moved to acquire... More

SunEdison (SUNE) Announce Formation of $1B Construction and Operating Asset Facility

SunEdison, Inc. (NYSE: SUNE) and West Street Infrastructure Partners III ("WSIP") and affiliates, today announced the formation of a new $1 billion warehouse investment vehicle, the WSIP Warehouse, to fund construction costs and to acquire operating assets. TerraForm Power, Inc. (Nasdaq: TERP), a global owner and operator of clean energy power plants, will have an exclusive call right over the warehoused assets.

The WSIP Warehouse is a $1 billion investment vehicle with $300 million equity committed, subject to certain conditions, by... More