Axiom Capital Downgrades SunEdison (SUNE) to Sell
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SunEdison (SUNE), TerraForm Power (TERP) Ratings Suspended at Deutsche Bank
March 1, 2016 9:05 AM ESTDeutsche Bank analyst Vishal Shah suspended his ratings on SunEdison (NYSE: SUNE) and TerraForm Power (NASDAQ: TERP) after both companies said they were delaying their 10-K filings.
Commenting on developments, analyst Vishal Shah said, "While we continue to believe there is inherent value in the development business, especially considering the improving backdrop of US solar market post the ITC extension, ongoing accounting investigation, delayed 10-K filing and pending... More
SunEdison (SUNE) Files to Delay 10-K
March 1, 2016 7:57 AM ESTSunEdison (NYSE: SUNE) filed to delay its 10-K submission with the U.S. SEC late Monday. With the filing, SunEdison said:
"The Audit Committee, advised by independent counsel and with the assistance of accounting and financial advisors, initiated an inquiry in late 2015 based on allegations made by former executives of the Company concerning the accuracy of the Companys anticipated financial position previously disclosed to the Companys Board of Directors (the Board). The... More
Oppenheimer Downgrades SunEdison (SUNE) to Perform
March 1, 2016 7:07 AM ESTOppenheimer downgraded SunEdison (NYSE: SUNE) from Outperform to Perform and removed its price target (prior $7.50).
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 $1.98 yesterday.
... MoreTerraForm Power (TERP) Announces Delay to 10-K Filing
March 1, 2016 6:25 AM ESTTerraForm Power, Inc. (Nasdaq: TERP) filed Form 12b-25 with the SEC indicating that the filing of our annual financial statements for 2015 on Form 10-K will be delayed. The delay in filing is due principally to the need to complete all steps and tasks... More
UPDATE: SunEdison (SUNE) Falls to Session Low; Appoloosa Seeks to Expedite Trial in Terraform (TERP) Case
February 29, 2016 1:58 PM EST(Updated - February 29, 2016 2:24 PM EST)
SunEdison (NYSE: SUNE) weakened Monday after hedge fund Appoloosa LP said it was seeking an expedited trial related its Vivint Solar (NYSE: VSLR) acquisition.
Shares are down over 11 percent.
UPDATE - The following press release was released Monday afternoon:
Appaloosa LP today disclosed that it has decided to accept the invitation of... More
