RBC Capital Cuts Price Target on SunEdison (SUNE) as it Prepares for 'Perfect Storm'

After-Hours Stock Movers 08/12: (SUNE) (CSCO) (SEDG) Higher; (BDMD) (FANG) (CDW) Lower (more...)

Paragon Offshore (NYSE: PGN) 21.1% HIGHER; reported Q2 EPS of $0.57, $0.36 better than the analyst estimate of $0.21. Revenue for the quarter came in at $393.2 million versus the consensus estimate of $393.92 million.

BG Medicine (NASDAQ: BGMD) 18.9% LOWER; intends to offer and sell equity securities in an underwritten public offering. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual... More

SunEdison (SUNE), Dominion (D) Enter Joint Venture for 420-MW Four Brothers Project

SunEdison (NYSE: SUNE) announced they have signed a definitive agreement with Dominion (NYSE: D), one of the nation's largest producers and transporters of energy, establishing a joint venture (JV) for Four Brothers, a 420 megawatt (MW) DC, or 320 megawatt AC, solar project in Utah, developed by SunEdison. The project is now under construction and fully financed with an expected commercial operation date of mid-2016. The Four Brothers project is contracted under long-term power purchase agreements for 20 years with PacifiCorp (A-/A3), a subsidiary of Berkshire... More

Notable 52-Week Highs and Lows 8/12: (W) (FIS) (HCKT) High; (SUNE) (BABA) (ARCO) Low

52-Week High:Wayfair (NYSE: W) $50.62. Wayfair gaining after it reported Q2 EPS of ($0.15), which was $0.14 better than the analyst estimate of ($0.29). Revenue for the quarter came in at $491.8 million versus the consensus estimate of $438.49 million.

Fidelity National Information Services (NYSE: FIS) $70.37. Fidelity National Information Services announced that it has signed a definitive agreement to acquire Wayne,... More

SunEdison (SUNE) Selling 'Mostly Technical in Nature' - Deutsche Bank

Deutsche Bank maintained a Buy rating on SunEdison (NYSE: SUNE) with a price target of $28. Analyst Vishal Shah continued to defend the stock, saying panic selling creates a great buying opportunity. Shah also said the selloff was technical in nature and tied to short selling activity.

"SUNE shares sold off in heavy volume intraday without any additional news hitting the tape. We fielded a number of investor questions on the impact of Chinese currency devaluation on SUNE and yieldcos. While investors were concerned about the potential impact of FX moves on... More

SunEdison (SUNE), TerraForm Power (TERP) Successfully Syndicate $280M Term Loan Facility

SunEdison (NYSE: SUNE) and TerraForm Power, Inc. (Nasdaq: TERP) announced the successful syndication of the $280 million 7 year term loan facility of TerraForm Private Warehouse. The offering was oversubscribed and was ultimately placed with a diverse group of... More

SunEdison (SUNE) Hits Session Lows

SunEdison (NYSE: SUNE) hit session lows Tuesday, falling 10% intraday and extending recent losses. Today's fall comes amid broad weakness, with the S&P 500 lower by 1.3% and the Nasdaq shedding 1.7%.