SunEdison (SUNE) Preparing to File Bankruptcy - WSJ

SunEdison (SUNE) Climbs to Session High

April 5, 2016 9:45 AM EDT

SunEdison (NYSE: SUNE) Climbs to Session High

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TerraForm Power (TERP) Comments on Amended Appaloosa Complaint; Notes Heightened SunEdison (SUNE) Risk

April 4, 2016 6:48 AM EDT

TerraForm Power (Nasdaq: TERP) disclosed the following on Monday morning:

Item 8.01 Other Events.

Importance of Relationship with SunEdison and Heightened Risks

As discussed in the Related Parties, Managements Discussion and Analysis of Financial Condition and Results of Operations, Risk Factors and other sections of our Form 10-Q for the period ended September 30, 2015 and in the Business, Risk Factors, Properties, Managements Discussion and Analysis of Financial Condition and Results of Operations, Related Parties and other sections of our Form 10-K for the year ended December 31, 2014, we depend significantly on SunEdison, Inc. (NYSE:... More

Baird Drops Coverage of SunEdison (SUNE)

April 4, 2016 6:14 AM EDT

Baird is discontinuing coverage on SunEdison (NYSE: SUNE). Analyst Ben Kallo commented today: We are discontinuing coverage of SUNE to refocus our research efforts. Our final rating was Neutral. Investors should no longer rely on our last published rating or estimates when considering an investment in SUNE.

Kallo noted highlights on SUNE from prior research:

SunEdison is a developer, owner, and operator of PV, wind, hydro (expected) and other renewable energy systems.... More

SunEdison preparing to file for bankruptcy protection: WSJ

April 1, 2016 6:56 PM EDT

By Ramkumar Iyer

(Reuters) - Struggling solar developer SunEdison Inc (NYSE: SUNE) is planning to file for bankruptcy protection in the coming weeks, The Wall Street Journal reported on Friday, citing people familiar with the matter.

Then company's shares, down about 98 percent over the past 12 months, fell a further 45 percent in heavy extended trading to 23 cents each.

Once the nations fastest growing renewable energy developer, SunEdison is preparing to seek Chapter 11 protection and is in talks with two creditor groups for a loan to fund its operations during the process, the newspaper reported.

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