SunEdison's (SUNE) Continues to Improve Liquidity and Deleverage - RBC Capital
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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.
... MoreCredit Suisse More Constructive on SunEdison (SUNE) Despite Dilution
January 8, 2016 7:49 AM ESTCredit Suisse analyst P. Jobin cut his price target on SunEdison (NYSE: SUNE) to $19.00 (from $25.00) but maintained an Outperform rating. Jobin notes the cash infusion increases flexibility although the high financing costs and dilution frustrates investors.
"In typical SunEdison fashion, a set of rather complex and optically onerous transactions were announced yesterday," Jobin commented. "The company raised a second-lien term facility and exchanged a portion of the existing convertible debt for equity. The headline figures were not great, including an effective > 20%... More
SunEdison (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
SunEdison (SUNE) resumes trading
January 7, 2016 3:18 PM ESTSunEdison (NYSE: SUNE) resumes trading and is up modestly from the halt price but remains down 40.4%.
... MoreSunEdison (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
