Wednesday, November 25, 2015 3:04:02 PM
SUNE TERP falling again
After Sunedison Inc (NYSE:SUNE)‘s stock rallied by more than 30% on Tuesday on the news that the company paid down a $95 million margin loan, the analysts at UBS downgraded both SunEdison and its yieldco, TerraForm Power Inc (NASDAQ:TERP), to ‘Sell’. The two solar companies have struggled this year due to liquidity concerns and soft quarterly earnings reports, with Sunedison Inc (NYSE:SUNE)’s shares retreating by 78.88% year-to-date and TerraForm Power Inc (NASDAQ:TERP) off by 70% on the year. Today’s UBS downgrade even in light of the massive declines the stocks have already suffered this year will do little to improve sentiment, as evidenced by the fact that shares of Sunedison and TerraForm Power are down by 12% and 13%, respectively today.
After Sunedison Inc (NYSE:SUNE)‘s stock rallied by more than 30% on Tuesday on the news that the company paid down a $95 million margin loan, the analysts at UBS downgraded both SunEdison and its yieldco, TerraForm Power Inc (NASDAQ:TERP), to ‘Sell’. The two solar companies have struggled this year due to liquidity concerns and soft quarterly earnings reports, with Sunedison Inc (NYSE:SUNE)’s shares retreating by 78.88% year-to-date and TerraForm Power Inc (NASDAQ:TERP) off by 70% on the year. Today’s UBS downgrade even in light of the massive declines the stocks have already suffered this year will do little to improve sentiment, as evidenced by the fact that shares of Sunedison and TerraForm Power are down by 12% and 13%, respectively today.
My post is for my entertainment, do your own DD before pushing your
buy/sell buttons
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