SunEdison (SUNE) Management's Credibility Impaired, Says Analyst; Axiom Capital Cuts Rating to Sell

Key Questions on SunEdison (SUNE) Include Cost to Borrow and Vivint Renegotiation - UBS

UBS analyst Julien Dumoulin-Smith attempted to answer more investor questions on beaten down SunEdison (NYSE: SUNE). Dumoulin-Smith said while liquidity is not the same question today as it was in the initial August slide in shares,
other issues raised in the 10Q merit greater attention from investors.

The analyst said an underlying question is the cost for the company to borrow. They see three key angles pointing higher:

1) the latest disclosure of a 9.25% second-lien term loan of $169 Mn from GS for a tenor of just 1-year issued on August... More

SunEdison (SUNE) Bounces Off Lows Amid Activity in Call Options, Chatter

SunEdison (NYSE: SUNE) shares ticked higher Wednesday morning amid volume in November week two 4.50 calls. Weekly 4 and 5 calls were also active, along with November 4.50 and 5 calls.

Separately, there was unconfirmed market chatter that Google (Nasdaq: GOOG) (Nasdaq: GOOGL) acquired shares of SunEdison.

SunEdison (SUNE) Moves Well Off Lows Following 'Sell' Rating

Traders are watching SunEdison (NYSE: SUNE) closely with shares well off the lows of the session following this morning's downgrade to Sell.

After opening down 11%, shares are now down 5.5%.

SunEdison (SUNE) Bloodletting Won't Stop

The bloodletting in SunEdison (NYSE: SUNE) won't end. Shares are down another 16%, down 35% since Friday, down 48% over the last month, 64% over 3-months, 83% over 6-months.

Talk on the Street the past couple days is that David Einhorn and other hedge funds are throwing in the towel.

Has David Einhorn Capitulated in SunEdison (SUNE)?

Chatter on the Street is that David Einhorn may have finally thrown in the towel on SunEdison (NYSE: SUNE) today. Volume at 86M is 2.5x full day norm already.

Einhorn held 24.8 million shares at the end of June.

As recently as... More