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Funny looking back through shorts on this the highest it has been was Dec 15th 2015 that right there shows people knew. This should be illegal they had to know what was a head.
At current price no one is shorting this. This was all day traders making money
Yep nothing but day traders most people will not hold this over night unless they are free shares for a lotto, just in case.., anything is possible. The day traders are what ran this today and also crashed it when they cashed out imo of course
An article posted on another board gives some hope in the future
http://www.nasdaq.com/article/andy-hall-thinks-oil-could-go-back-above-100-cm600755
All of that is from the last quarter in 2015. Someone just posted it and its misleading no one has upped the projected price to 36.00
I wish someone would point out where it states they cannot speak out.
SunEdison (NYSE: SUNE) disclosed that on March 24, 2016, it delivered a blackout notice to its directors and executive officers informing them of a temporary suspension of contributions to the SunEdison Stock Fund in the SunEdison Retirement Savings Plan (the “Plan”), as a result of the announced delayed filing of the Company’s fiscal 2015 Annual Report on Form 10-K (the “Annual Report”) with the Securities and Exchange Commission (the “SEC”).
During the blackout period, Plan participants will temporarily be unable to invest contributions to the Plan in the Stock Fund or transfer any amount from any other investment option into the Stock Fund. The blackout period will continue until the Company has filed its Annual Report and is current in its required SEC filings.
That was for last year read it they invested more in the forth quarter I am sure they aren't real happy now. All of the increase in positions are from last year because they had raised the price target at that time to 36.00 because of the incorrect filings.
They did not take a better offer they do not owe anything SUNE defaulted
The amended merger agreement also permits Vivint Solar to solicit competing offers at any time prior to the approval of the merger by a majority of Vivint Solar stockholders. The board of directors of Vivint Solar may accept a competing offer that it determines to be "superior" (as further described in the merger agreement) to the merger with SunEdison, and terminate the merger with SunEdison if the Vivint Solar board determines that its fiduciary obligations require it to do so and if Vivint Solar pays a termination fee to SunEdison of $34 million.
None pf the links are working
I am trying to make sense of it all good and bad. This is a question I can't seem to find an answer to. Can they merge together? Can TERP take over as the parent co.? I have no idea this is beyond complicated.
That was in case they took a better offer they didn't. SUNE is not getting anything.
This is by far the best analysis I have read this is not going anywhere imo. Flipping but not long term hopefully the longs got out without too much loss will post the link too so the charts will show up. No more welfare funding for solar after this year and its not so green
http://seekingalpha.com/article/3962720-sunedison-canary-coal-mine-solar-energy?auth_param=1cvl1i:1bg1eke:542dfc4fcc717765420f1b556d68502b&uprof=45&dr=1
SunEdison Is The Canary In The Coal Mine For Solar Energy
Apr. 3, 2016 2:38 AM ET|27 comments | About: SunEdison (SUNE), Includes: TAN, YGE
Will Ebiefung Will Ebiefung?Follow(48 followers)
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Summary
Solar energy is not the future of energy, SUNE will not be the last company to collapse in this sector.
The solar industry cannot survive without government subsidies.
Falling oil/natural gas prices and the advent of shale indicate that the fate of solar energy is sealed.
Solar is not the future of energy.
I recently made an article on the topic of SunEdison (NYSE:SUNE) and renewable energy in general:
seekingalpha.com/article/3962472-sunedis...
This article received massive backlash, some of which was reasonable but most of which came from SUNE investors who are unwilling to accept the fact that they made bad investment. Instead taking every criticism of the company as a personal attack.
Many asserted that my position is incorrect, under researched and underdeveloped. They argue that renewable energy does in fact have a future and that I just don't have all the information. Well I am here to reiterate: No it doesn't. At least not in solar energy. SUNE was the canary in the coal mine for an industry that is fundamentally unsound. I will present to you the numbers that led me to this conclusion and let you decide for yourself.
The first rule of investing is to make decisions with your mind not your heart. Investing with your emotions is the best way to lose your money. While I love the environment as much as anyone it is simply not logical to let this feeling drive me to make unsound investments.
(NYSEARCA:TAN) the solar energy based ETF.
TAN Chart
TAN data by YCharts
-Solar cannot survive without government subsidies. Take away the punch bowl and the sector collapses.
-Solar cannot complete with fossil fuels.
-Solar energy is not clean, nor is it renewable.
Betting on solar is betting on politics:
This is an industry where the government picks the winners and losers and when Uncle Sam leaves the room everyone will collapse.
We saw how the government killed YingLi Solar (NYSE:YGE) with protectionist policies. Subsidizing domestic companies at the expense of this Chinese producer. YGE Chart
And soon politics will kill all the rest.
The federal government has provided wind and solar developers with as much as 24 billion dollars in subsidies between 2008 and 2014. This subsidy is set to end in 2016. Panic that the punch bowl would be taken away was the MAIN factor that pushed SUNE and its rivals into frantic spending sprees, developments and acquisitions. Driving them into debt and towards eventual collapse.
Bloomberg New Energy Finance (BNEF) expects solar installation production to drop by as much as 70% when the government subsidies end.
This is estimated to cost the solar industry 100,000 jobs and end 25 billion dollars of economic activity. Worst off all, when solar energy welfare is gone how on earth will they compete with their number one rival?
Solar energy cannot compete with fossil fuels. Not now not ever:
As the events of 2015 and 2016 have demonstrated peak oil is a myth. The day when the world runs out of fossil fuels is extremely far away and most likely long past any of our lifetimes.
Without subsidies solar energy is 40% more expensive than fossil fuels. The price of oil has demonstrated that is it capable of falling further than anyone would have imagined 10 years ago when the frantic push and over-investment in renewable energy began.
USO Chart
Solar energy cannot compete with $40 oil and cheap natural gas. To make matters worse fracking has imposed a new ceiling on fossil fuel prices, making it very unlikely that they will ever rise to a level where solar energy is competitive again.
Shale basins are vast, spanning every continent and representing trillions in cubic feet of affordable fossil energy.
Solar energy is not even clean or renewable:
This is the final nail in the coffin and the reason why even environmentalists should disregard solar energy. It is not clean or renewable. Solar panels are made with silicon, a material that needs to be mined and processed via the use of fossil fuels. On top of this silicon itself is not renewable (although it is plentiful).
If that was not bad enough, we now know that creating the panels results in the production of caustic chemicals like Sodium hydroxide and hydrofluoric acid. Chinese Panel maker Jinko Solar has been investigated for dumping toxic waste chemicals into the environment.
This is not what green energy looks like. This is "feel good" energy that hides its true environmental cost for the benefit of people who are unwilling to accept the truth.
Conclusion:
If you are bullish on the solar industry buy SunEdison stock and see where that gets you.
SUNE was the first in a long line of domino's tumbling towards bankruptcy. As for me, words cannot describe how far away I am keeping my money from this house of cards industry. Solar is not the future of energy, its just a money pit for feel good investors.
Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Additional disclosure: I am not short SUNE and I am not long fossil fuels. This article expresses my legitimate opinions and has been arrived at through objective means. I formed my position about the state of the solar energy industry through firsthand experience with residential panels. Investors who love solar so much should consider putting it in their homes before they tell me how good it is. Thanks for reading, as always I look forward to feedback and suggestions.
I see good to know, honestly never did it before. I did try when I got out of this and no shares were available that tells me the shorts on this are much bigger than your average trader. Not a fan of shorts they bring companies down, but the hedge funds usually know what to bet on much better than anyone here.
Actually from the price $40. to .20 would be a 200,000% profit not 98% if they covered at .20 they made major bank.
This is completely different though, that was a collapse they pretty much had to help them since they bailed banks and auto makers. This won't be bailed out in fact it would be an embarrassment with all the dirty laundry here. They don't even know where all this money went that is pretty sad.
I was in GGP and sold 2 months before it came out of the BK and it was completely different not worse than this at all. They were backed by the Gov. bailout I just couldn't wait any longer lost out big time I wouldn't have had to worry about a thing if I would have waited instead I got a few dollars.
"Sparks fly" and this is going to burn. Notice the last words below Yes the SEC is involved this is in their filing. No more excuses this company is garbage, doesn't matter if solar is up or down this one is going down. The reason volume dried up is because even flippers are scared to get in right now. They have actually helped hold it up with the liquidity everyday. This is def not Good News at all.
tem 8.01 Other Events.
On March 28, 2016, SunEdison, Inc. (the “Company”) received a subpoena from the U.S. Department of Justice (the “DOJ”) seeking information and documentation relating to: (i) certain financing activities in connection with the Company's acquisition of Vivint Solar, Inc., (ii) the conduct of a former non-executive employee who is alleged to have committed wrongdoing in connection with the Vivint termination negotiations, (iii) the previously disclosed investigations by the Company's audit committee, (iv) intercompany transactions involving the Company and each of TerraForm Power Inc. and TerraForm Global Inc. and (v) the financing of the Company's Uruguay projects in connection with project costs and equity contributions that remain to be contributed by the Company and the DOJ may have additional requests. Also, the Company has received a nonpublic, informal inquiry from Securities and Exchange Commission (the "SEC") covering similar areas. The Company and the board of directors intend to cooperate with the DOJ’s inquiry and the SEC investigation.
Einhorn sold 25% back in Nov 2015 a year after he bought into this mess, not sure what he owns now
Look at this seems Einhorn has been around this company for quite a while this is 2 1/2 years old. I had no idea not sure if this is something that was already known..,
http://www.bloomberg.com/news/articles/2014-10-20/greenlight-s-einhorn-said-to-back-solar-stocks-at-robin-hood
Wuebbles was the CFO at SUNE he must be the one claiming the software did not compute the financials correctly. I believe all of the hedge funds around are shorting this to death they know whats coming. I have to see this through till the end its like a soap opera. I just wonder if TERP and GLBL will buy the assets cheap now not sure how this will all work out in the end when SUNE is gone.
This is not Teppers fault this is Sunedisons fault. They ruined this company drove it straight in the ground which sucks but they did it. I am sure Tepper got rid of Wuebbles or whatever his name is, he was in the mess right a long with the incompetent CEO. What a bunch of morons to keep buying more and more not paying their bills. I guess they thought funds available were unlimited.
Then that Free PR with false claims of David Einhorn buying more shares and taking over they are pumping this everywhere to keep the price up enough they can short it into the ground. That PR speaks loud and clear whats going on here
Where did this come from? This looks as though it was put together to try to pump the price up A free site to post Free Press Releases and look who put it out. Looks like they are attempting to short this into the ground. this is NOT a good find IMO.
PRfree.org
Baird financials is a privately owned hedge fund sponsor. The firm is based in London, UK.
Thats wrong..,
Mine shows .57 x .61 thats very misleading this is on TDAmeritrade. You must be looking at the wrong stock
That has nothing to do with speaking out. People seem to forget they never paid the dividends to preferred holders they still must pay lawsuits too and this is not a gag order has you seem to think it is they can talk.
tem 5.04 Temporary Suspension of Trading Under Registrant’s Employee Benefit Plans.
On March 24, 2016, SunEdison, Inc. (the “Company”) delivered a blackout notice (the “Notice”) to its directors and executive officers informing them of a temporary suspension of contributions to the SunEdison Stock Fund (the “Stock Fund”) in the SunEdison Retirement Savings Plan (the “Plan”), as a result of the announced delayed filing of the Company’s fiscal 2015 Annual Report on Form 10-K (the “Annual Report”) with the Securities and Exchange Commission (the “SEC”).
During the blackout period, Plan participants will temporarily be unable to invest contributions to the Plan in the Stock Fund or transfer any amount from any other investment option into the Stock Fund. The blackout period will continue until the Company has filed its Annual Report and is current in its required SEC filings.
A copy of the Notice is attached hereto as Exhibit 99.1 and is incorporated herein by reference. The Company provided the Notice to its directors and executive officers in accordance with Section 306(a) of the Sarbanes-Oxley Act of 2002 and Rule 104 of the SEC’s Regulation BTR. The Company was not able to provide advance notice of the blackout period to its executive officers and directors due to events and circumstances beyond the Company’s reasonable control.
SunEdison spokesman declined to comment, Big surprise! Guess they figured they'd just keep spending and borrowing. Reminds me of penny stock scams, I wonder where they found this idiot that ran a good company into the ground? Heads should roll over this one someone should be accountable. Love the comment the company has blamed the issue primarily on “deficient information technology controls in connection with newly implemented systems" and has said a board committee is examining the situation. Really? Another investigation by a bunch of morons
I would think from everything going on they are going to be late again. Now that the SEC is investigating it and of course the idiots running this company won't bother to respond I would lay money on no filings this week. Someone bought @ higher to try and run it 200 shares above the ask not working lol!
Very unlikely it will be worth any more than 0.00 they will sell any assets off to pay the debt holders.., shareholders will be the ones holding this bag. Buyout who would buy them out? I can't believe how blind people here are I tried to have faith but the writing is on the walls and has been. People had plenty of time to sell this in the past its not coming back this time IMO.
Leaving emotions out of it is impossible with this stock. I don't think people are taking the SEC investigations to well. Was only 2 lots of 200 shares it seems they are making a statement. It could go straight back up when the market opens, who knows! Wish I had a crystal ball
Last trades I show are .97 and level II showing .95x.96 bid ask. I can't quit watching this its like a soap opera, never know whats next here.
This is what Crammer was talking about he mentioned that Hillary had directed them to do what they did. Sounded strange to me, to pay higher prices for the assets they bought and that was a big part of their problem. I wish I had a DVR would have taped in, he spews stuff out so quick its hard to keep up with.
This didn't tank when they failed to file on the 15th because people were buying more from the shorts again.., the short position went up to 38% there was no covering. TERP red down GLBL red and way down. There is huge debt because they were obviously ran by morons that had no idea what they were doing, and I have to agree this is going BK IMO so they can escape any further lawsuits. Buyout who in their right mind would want this? No decent company the debt must be much worse than previously thought, and other companies have yeildco's and have not got the problems this does with the filings.
The group running this have destroyed this company and like I've heard others say and I agree who would hire them? They have lost all creditably. I would not try to average down like people recommend if you choose to stay I would avoid buying anymore. This is a huge disaster. I have never seen such a mess with not a word to shareholders they are out for themselves period.
I know that voice sounds exactly like a guy that went by the name Tye he did a video on a sub penny stock scam this month.
No they did not
Ultra Petroleum Corp UPL 22,049,481 23,261,952 -1,212,471 -5.2 14.9 1 23,206,950
http://www.wsj.com/mdc/public/page/2_3062-shtnyse_U-listing.html
I hope you are right, and I hope it turns out well for everyone. I am rooting for you all, just trying to be realistic this stock is scary
I lost here I did panic and should have waited to break even after the bell the day they failed to file again, very stupid on my part. Mathematically the odds might look good but I choose to sit and watch till one day when the idiots in control might actually speak up and shed some light on whats really going on. The filings are like putting 3 jig saw puzzles together no one can make sense out of them. It might be a good play that remains to be seen with all the openness of the people running this who knows for sure.
Yep but the problem is in 2009 they were bailed out by the government, the chance here is slim for any help. Below is a clip.., when looking to them for guidance is like blindly looking in the dark for a needle buried in a haystack. Not once have they even spoke out, for this reason I wouldn't trust them. They deserve to be shorted like the pigs they are. Which is probably what they have been doing all a long in a round about way. For the most part they are hedge funds they are going to get their money and don't care about anyone else IMO.
Anyway the article saying people are holding on to hope is a bit out of place. It is true people are holding on hoping but not from guidance from the company. This is the strangest stock I have ever been in
Related Link: The Beginning Of The End For Sunedison? Gordon Johnson Speculates
As a shareholder, it's tempting to look to company management for trustworthy opinions about where a company is headed. After all, they are the ones that know more about what's going on inside the company than anyone else. However, insiders also hold biased opinions of the company they work for. As an employee, you want a tenacious CEO that truly believes the company can succeed in the face of overwhelming odds. As an investor, you want an objective, realistic outlook for a stock.
All too often, investors take comfort in the positive outlook that a struggling company's CEO presents to the media or to shareholders on a company conference call. However, public relations and a hopeful outlook is part of a CEO's job.
Management can be a useful primary source of information about the inner workings of a struggling company. But as Sunedison shareholders learned the hard way, you can't trust management for an unbiased opinion on a stock.
The Beginning Of The End For Sunedison? Gordon Johnson Speculates
8:08 am ET March 23, 2016 (Benzinga) Print
Axiom’s Gordon Johnson maintained a Sell rating on Sunedison Inc (NYSE: SUNE), while reducing his price target from $0.39 to $0.22.
Sunedison In Negotiations
According to a Debtwire report, the company is in Debtor-in-Possession (DIP) negotiations with second lien load holders, following the failure of out-of-court talks in reaching a resolution regarding Sunedison’s liquidity and leverage problems.
Related Link: The Report That Sent Sunedison Down
The stock plummeted 25 percent following the report. This share price decline followed a 33 percent surge earlier in March, driven by news reports that the company has terminated the potential acquisition of Vivint Solar Inc (NYSE: VSLR).
Potential Chapter 11
Johnson explained that DIP financing is usually resorted to once out-of-court talks fail. At this point, “via a Chapter 11 Bankruptcy filing, a distressed company who is unable to obtain a new loan outside of bankruptcy, may use DIP financing to get the liquidity necessary to run a sale process or finance a formal Chapter 11 restructuring.”
In case Sunedison does get DIP financing, Johnson believes the priority of most of the company’s capital structure would move lower.
"It also suggests, as we've warned extensively, that SUNE's current cash position is dire, if not completely compromised," the analyst cautioned.
Johnson also noted that if Sunedison is forced to liquidate projects of its 5.5GW backlog due to bankruptcy, it would adversely impact the fundamentals of U.S. solar market projects.
Latest Ratings for SUNE DateFirmActionFromTo
Mar 2016AxiomMaintainsSell Mar 2016Stifel NicolausTerminatesHold Mar 2016Avondale PartnersDowngradesMarket OutperformMarket Perform
I have been here. I owned this, never said my opinions were more important but I do have mine. Okay if you say so they are all rumors and btw who are you? Why would anyone tell anyone to buy this now unless they were short selling it? Pure insanity to buy until you know for sure and It Does NOT look Good at all too much debt.
It doesn't matter what plans they have what type of business they have its just not going to matter a debt ridden company that is talking about BK does not look good
Not fake this is not just rumors and wishful thinking will not help, sad to say. Day traders are great for stocks they provide liquidity. Right now people are short selling like crazy to anyone buying. I personally would not touch this again I lost enough already. I would be very careful it sure doesn't look good and hasn't IMO. Price downgrade from .39 to .22 isn't good. If they turn it around I will be back but not now too dangerous
All of the oil and energy stocks have been getting pounded. Makes no sense its not just this one. I am really hoping next week will be better. Holidays are rarely good and the bombings and the Presidential campaign nothing positive for the market right now.