Key Questions on SunEdison (SUNE) Include Cost to Borrow and Vivint Renegotiation - UBS
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Go back to Key Questions on SunEdison (SUNE) Include Cost to Borrow and Vivint Renegotiation - UBS
November 13, 2015 12:10 PM EST
SunEdison (NYSE: SUNE) is seeing notable upside today after being decimated all week. Shares are up 5.5% mid-day after trading down 40% this week alone.
A note from UBS, discussing a renegotiation and restructuring of the Vivint deal, could be helping.
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November 12, 2015 6:43 AM EST
(Updated - November 12, 2015 7:24 AM EST)
Axiom Capital downgraded SunEdison (NYSE: SUNE) from Hold to Sell with a price target of $2.00. Shares were pressured after the company reported Q3 results, but analyst Gordon L. Johnson II doesn't think earnings is the reason shares are down 40% in two days. In his view, management's credibility is impaired.
" .. simplifying things, we no longer blv investors blv mgmts forward guide.. Why? Well: (a) SUNE told us 10/7 that it was going to sell 50-70MW of projects into the third-party merchant market in 3Q15 at ~18%-19% gross margins... More
November 11, 2015 9:35 AM EST
UBS Analyst, Julien Dumoulin-Smith, highlighted the 5 key factors in SunEdison (NYSE: SUNE) weakness in a concise note:
1) lower margins on retained projects than expected ($0.26/W) vs. overall 2016 margin expectations of $0.36/W;
2) Mgmt... More
November 11, 2015 6:59 AM EST
Needham & Company analyst Y. Edwin Mok slashed his price target on SunEdison (NYSE: SUNE) to $10.00 (from $18.00) following Q3 results but maintained a Buy rating saying the company is making progress.
Mok commented, "SUNE's 3Q15 report highlighted the strategic shift toward more third-party... More
