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SunEdison (SUNE)

- NYSE
  • Jul. 15, 2013, 11:01 AM
    Solar stocks enjoy a bright session as China says it will up its installed solar capacity to 35 gigawatt over the next two years in a move Bloomberg says is designed to "help reduce the industry’s reliance on exports and ease oversupply that contributed to a 20% plunge in the average price of solar panels last year." LDK +12.5%, DQ +2.33%, JKS +10.7%, TSL +11%, SPWR +5.2%, SUNE +5.79%, YGE +7.75%, CSIQ +7.62%, STP +9.96%.
    | 3 Comments
  • Jul. 10, 2013, 12:58 PM
    Solar stocks are turning in another good day (TAN +1.4%), aided by positive sell-side notes. Goldman says conference talks point to "strong US demand across residential, commercial and utility channels, with solid visibility through the balance of 2013." The firm adds the talks suggest its forecasts for 30% and 19% U.S. installation growth in 2013 and 2014 could be conservative, and that pricing appears solid. Meanwhile, Nomura believes Canadian Solar (CSIQ +4%), lifted by recent project wins, is set to become the first Chinese solar firm to turn profitable in 2013. DQ +6.4%. LDK +3.7%. TSL +4.6%. JKS +5.1%. SPWR +4.4%. SCTY +2.3%. SUNE +3%. (CSIQ/Deloitte) (U.S. solar growth)
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  • Jul. 1, 2013, 11:07 AM
    Volatile solar stocks rally (TAN +2.7%) on what's proving a good day for risk assets, as investors decide a weak Chinese manufacturing PMI print was already priced in. JKS +7.5%. SCTY +7.1%. SUNE +6.6%. YGE +4.6%. LDK +6.2%. First Solar (FSLR +4.4%) has announced this morning construction has begun for its 50MW Macho Springs New Mexico solar project, and ReneSola (SOL +6.1%) says it has restrated production at a polysilicon plant (halted in Nov.) following upgrades. ReneSola says the plant now has an annual production capacity of 10K MT, and that it expects to produce 1.8K-2K MT in Q3.
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  • Jun. 25, 2013, 1:01 PM
    U.S. solar stocks rally strongly ahead of a Tuesday speech from Pres. Obama in which he's expected to outline plans to effectively double the amount of renewable energy created on public lands by 2020 (enough to power 6M homes), and to impose regulations of carbon dioxide output from U.S. power plans. First Solar (FSLR +7.6%), which received an upgrade and a bullish coverage launch yesterday, is the biggest winner, but SunEdison (SUNE +5.6%) and SunPower (SPWR +4.2%) are also doing well.
    | 13 Comments
  • Jun. 10, 2013, 11:40 AM
    Recession-hit Spain is set to be the latest European country to slash solar subsidies: sources tell the WSJ the government will announce 10%-20% cuts as soon as June 21. Europe's share of global solar installations has already been rapidly declining, thanks to macro issues and subsidy cuts in Germany (Europe's largest market). Solar shares are rallying in spite of the news (TAN +3.2%). LDK +7.6%. SOL +8.1%. SPWR +4.7%YGE +5.3%. SUNE +3.9% in spite of getting started at Equalweight by Morgan Stanley. SolarCity (SCTY +5.8%) is up ahead of tomorrow's lockup expiration, after getting hammered last week.
    | 4 Comments
  • May. 30, 2013, 4:55 PM
    MEMC (WFR) shareholders approve changing the company's name to the more marketing-friendly SunEdison (currently the name of the company's solar systems unit). In tandem with the name change, MEMC's ticker will change to SUNE. (earlier)
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  • May. 30, 2013, 11:02 AM
    Goldman puts MEMC (WFR +5.2%) on its Conviction Buy list and raises its PT to $10 from $8. The firm assigns MEMC a sum-of-the-parts valuation of $11, including a $5 valuation for its chip wafer ops. Rising chip industry multiples and a more shareholder-friendly board are seen as catalysts for "potential value creation." MEMC is hosting its annual shareholder meeting today.
    | 2 Comments
  • May. 30, 2013, 9:13 AM
    Premarket gainers: NVE +22%. CLWR +20%. MY +15%. CLSN +13%. HSOL +12%. CPST +10%. EXPR +9%. LXRX +8%. BLDP +8%. VRNG +7%. RSOL +6%. WFR +6%. AMRN +6%. FSLR +6%. ALU +6%. EMC +6%. STP +5%. HIMX +5%. OCZ +5%.
    Losers: ABIO -31%. BIG -9%. VNR -5%. BPFH -5%.
    | 1 Comment
  • May. 20, 2013, 3:11 PM
    The Russell 2000 (IWM) cracked 1,000 for the first time this morning, but the small cap sector is far from over-loved by the fund managers who invest in it, according to Credit Suisse's Lori Calvasina - they ended Q1 with cash holdings at a near 10-year high. Indexing (IJR, IWO, IWN XSLV are some others) beats most active management, but Calvasina screened for stocks owned by fewer than 50 small-cap funds with $500M-$1.5B market cap, and with favorable investment ratings. No surprise the answer is heavy on mREITs - MTGE, AMTG, PMT. Also coming up: OMX and WFR.
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  • May. 15, 2013, 9:17 AM
    SunPower (SPWR) +7.5% after providing strong guidance ahead of today's analyst day, which starts at 10AM ET (webcast). SunPower expects Q2 revenue of $550M-$600M and EPS of $005-$0.15, above a consensus of $513.3M and -$0.02. 2013 guidance (possibly conservative) is for revenue of $2.5B-$2.6B and EPS of $0.60-$0.80 vs. a consensus of $2.55B and $0.64. Gross margin is expected to fall to 14%-16% in Q2 from Q1's 22.7%, and total 15%-17% in 2013. 2013 free cash flow of $100M-$200 is expected. Shares now +57% since SunPower posted a huge Q1 beat on May 2. FSLR +2.5%. WFR +1.9%. LDK +1.5%. TSL +3.5%. SOL +2.7%. (slides)
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  • May. 13, 2013, 11:27 AM
    SolarCity (SCTY +18.6%) is skyrocketing ahead of today's Q1 report - does someone know something? - and many other solar peers are also doing pretty well (TAN +4.5%). SOL +9.8%. CSIQ +11.6%. WFR +8%. LDK +9.3%. JASO +5.4%. SPWR +4.8%. FSLR +4.5%. GTAT +5.2%. JKS +7.9%. Short interests for many industry names remain sky-high: SolarCity had 16.6% of its float shorted as of April 30. SunPower was at 29.9%, First Solar 33.4%, and GT Advanced 34.8%.
    | 4 Comments
  • May. 9, 2013, 12:10 PM
    MEMC (WFR -5.6%) slumps following a mixed Q1 report and equally mixed guidance. Though revenue beat estimates thanks to 45MW of solar system sales (above guidance of 10MW-38MW), EPS missed due to a mix shift towards low-price EPC solar projects - this contributed to a 680 bps Q/Q drop in gross margin to 11.2%. MEMC's 2013 chip materials guidance was raised to $960M-$1B from $940M-$990M, but Q2 revenue is only expected to rise to $235M-$245M from Q1's $230M. Likewise, 2013 solar guidance is raised by 10MW to 430MW-500MW, but Q2 guidance is for only 29MW-54MW. This makes a consensus for 36% Q/Q rev. growth appear excessive. (PR)
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  • May. 9, 2013, 6:03 AM
    MEMC Electronic (WFR): Q1 EPS of -$0.16 misses by $0.02. Non-GAAP Revenue of $431.3M beats by $8.16M. (PR)
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  • May. 9, 2013, 12:05 AM
    Notable earnings before Thursday’s open: AES, AGU, ALR, AM, AMRC, APA, BAM, BCE, CBB, CNSL, CTB, CVC, DF, DISH, DNDN, GLP, GTIV, IRC, KEM, KIOR, MEA, NPSP, OWW, PCP, SNE, SNSS, SPH, SRPT, TK, TNK, VICL, VNDA, WAC, WFR, WIN, WWAV, XRAY
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  • May. 8, 2013, 5:30 PM
    Notable earnings before Thursday’s open: AES, AGU, ALR, AM, AMRC, APA, BAM, BCE, CBB, CNSL, CTB, CVC, DF, DISH, DNDN, GLP, GTIV, IRC, KEM, KIOR, MEA, NPSP, OWW, PCP, SNE, SNSS, SPH, SRPT, TK, TNK, VICL, VNDA, WAC, WFR, WIN, WWAV, XRAY
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  • May. 7, 2013, 10:43 AM
    Solar stocks head south (TAN -3.3%) in sympathy with First Solar, which is giving back some of this year's huge gains in response to a Q1 miss, a margin drop, and pipeline visibility concerns. SCTY -8.1%. LDK -6.2%. JASO -5.9%. SPWR -4.8%. CSIQ -4.3%. WFR -3.8%. YGE -3.5%. TSL -3.4%. GAT -3.1%. JKS -6.2%. The declines come a few days after a rally triggered by SunPower's strong Q1.
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Company Description
SunEdison Inc is a semiconductor and solar technology company. It provides technology solutions to corporations, utilities, governments and chip manufacturers to transform lives around the world.