Credit Suisse More Constructive on SunEdison (SUNE) Despite Dilution
- Asian shares extend gains ahead of tech earnings, yen fragile
- JPMorgan is worried about further S&P 500 sell-off potential
- Oil prices stabilise, Middle East tensions remain in focus
- China acquired top-end Nvidia AI chips despite recent US ban- Reuters
- SAP Q1 results fall short of Wall Street estimates as transformation kicks off
- Fisker (FSR) Appoints Michael Healy as Chief Restructuring Officer
- Kroger (KR), Albertsons and C&S Wholesale Grocers Announce an Updated and Expanded Divestiture Plan
- Costar Group (CSGP) to Acquire Matterport (MTTR) for $5.50/sh Cash and Stock
- Jaguar Health (JAGX) Files $75M Mixed Shelf
- Apple (AAPL) PT Lowered to $210 at Morgan Stanley, 'We'd buy post-earnings weakness'
- After-hours movers: Cadence Design Systems, Cleveland-Cliffs, Riot Platforms, and more
- Midday movers: Tesla, Li Auto and CNH Industrial fall; Salesforce rises
- Midday movers: Netflix, Super Micro fall; Paramount Global gains
- After-hours movers: Netflix, Intuitive Surgical, Nordstrom, KB Home
- Midday movers: Tesla, Blackstone, Las Vegas Sands fall; DR Horton rises
SunEdison (SUNE) Price Target Slashed at Oppenheimer; Bullish Stance Maintained
January 8, 2016 10:12 AM ESTOppenheimer analyst, Colin Rusch, slashed his target price on SunEdison (NYSE: SUNE) after the announcement of the exchange transaction. No change to Outperform rating.
SUNE's corporate financing transactions were clearly bitter but a necessary pill to alleviate a short-term liquidity crunch. The exchange transactions look to them like an opportunistic deal, with a... More
Avondale Partners Upgrades SunEdison (SUNE) to Market Outperform
January 8, 2016 9:17 AM ESTAvondale Partners upgraded SunEdison (NYSE: SUNE) from Market Perform to Market Outperform with a price target of $7.00.
For an analyst ratings summary and ratings history on SunEdison click here. For more ratings news on SunEdison click here.
Shares of SunEdison closed at $3.34 yesterday.
... MoreSunEdison (SUNE) to Remain Volatile, Needham & Company Says; Upside Seen to $7
January 8, 2016 6:44 AM ESTNeedham & Company analyst Y. Edwin Mok lowered his price target on SunEdison (NYSE: SUNE) to $7.00 (from $10.00) but maintained a Buy rating after the company announced the pricing of $725MM of Second Lien Term Loans and a series of exchange agreements of its Convertible... More
Axiom Capital Upgrades SunEdison (SUNE) to Hold; But Still Sees 40% Downside
January 8, 2016 6:32 AM ESTAxiom Capital upgraded SunEdison (NYSE: SUNE) from Sell to Hold but maintained its price target of $2.00, or 40% downside.
Analyst Gordon Johnson said while the company claims its recent action reduces debt, they see the refinancing as "shockingly" diluted and adding to debt.... More
SunEdison's (SUNE) Continues to Improve Liquidity and Deleverage - RBC Capital
January 7, 2016 12:56 PM ESTRBC Capital analyst Mahesh Sanganeria weighed in on SunEdison (NYSE: SUNE) announced issuance of $725M second lien secured term loan and a series of exchange transactions.
The firm believes all the transactions demonstrate progress in improving the companys liquidity position and deleveraging... More
SunEdison (SUNE) Prices $725M Second Lien Secured Term Loans, Enters Exchange Agreements
January 7, 2016 6:52 AM ESTSunEdison, Inc. (NYSE: SUNE) announced today the pricing of $725 million of Second Lien Secured Term Loans and also that it has entered into a series of exchange agreements with certain holders of its Convertible Senior Notes due 2018, 2020, 2022 and 2025 and its Perpetual Convertible Preferred Stock (the "2018 Notes," "2020 Notes," "2022 Notes," "2025 Notes," and "Preferred Stock," respectively), under which such holders have agreed with the Company to certain exchange transactions as described below ("the Exchange Transactions"). The Exchange Transactions and funding of the amounts under the Second Lien Facilities (collectively the "Transactions") are expected to close on January 11, 2015,... More