Yesterday news was seen POSITIVE all around, no matter how you slice it....
..and this fight for shorts to give in and go long needs a few more surprises, which are coming very soon.
...and this give us a chance to accumulate more cheap shares, building bases for the price to go up nicely.
UBS in a lot of troubles for trading activities lately. Is that them with the England London bond manipulation? I believe the house is a good target for naked shorting..... I will take initiative to report them with SEC and FINRA... VERY SHADY... like $1 makes the difference, down from $33 in 4 months.
And yesterday, the action was seen positive, by the 40% upside..
Is this what Wall Street is all about nowadays?
One UBS, downgraded from $3 to $2... WHY NOT ZERO, I WONDER? Such motive....
Two positive notes, from 2 well-known solar analysts, just pushed aside, like nothing......
Because stock is VERY OVERSOLD.
Because they have lots of cash and they use it to pay down critical debt----good for them and TERP.
Because now company is streamlined with TERP and GLBL.
Because SUNE is well-known as QUALITY brand name in solar and wind...........
Because there are lots of NAKED short shares and they need to cover, as well as short shares, from the brokerages, which are PANIC from yesterday action. THEY NEED SHARES TO COVER.
Because trading volume suggested big funds jumped in and accumulated cheap shares.. under $3, $4 for sure. Look at volume also on the way up..........
Definitely-------shorts tried to push it down with UBS news, but NEEDHAM and DB out with very detailed and positive NOTES suggesting their clients to buy........ SUNE and TERP, and SUNE pay down debt action yesterday had seen as very positive for SUNE and TERP.
SUNE also has lots of cash on hand, folks, and debts have projects as collateral, so they are fine.
only UBS doesn't know it. Wondering if they have a NOTE out to clients explaining why paying off debts has seen to be bad in his eyes.
UBS trading activities should be questioned....
Elsewhere, some on the Street came to the stock’s defense. Needham & Co.’s Edwin Mok reiterated a Buy rating on SunEdison, writing that the management shake-up is good sign that the company is listening to investors:
We see the adjustments to board Chairman in both SUNE and its yieldcos resulting in greater board oversight, which we believe is welcomed by investors given the ongoing struggles for all three entities. In addition, we believe the moves consolidating yieldco control under SUNE, removing a layer of mgmt and allowing spillover benefits from SUNE’s strategic initiatives to its yieldcos, should ultimately help streamline the interconnected operational structure between the entities.
Mok also thinks the company has been prudent in how its using its credit lines:
Mgmt believes recent volatility of the share price is attributed to the margin loan it took out for the First Wind acquisition, which resulted in margin calls when TERP share price continues to fall. SUNE repaid $402MM in aggregate of the margin loan, leaving ~$5MM outstanding. We believe the move is prudent. Additionally, as part of the repayment of the margin loan, the market value trigger price of TERP stock was reduced and repayment provisions were waived. We believe this amendment addresses concerns over the falling TERP stock price, which could increase the risk for a margin call on SUNE.
And Deutsche Bank’s Vishal Shah also defends both SunEdison and TerraForm, on which he maintains Buy ratings. Like Mok, he thinks paying down the margin loan as a positive:
We view these announcements as a positive for SUNE and TERP shareholders as it removes the margin loan overhang, which had caused technical pressure over the last several months. Furthermore, the sale of ~425MW of Indian assets suggests that SUNE is effectively leveraging its GLBL yieldco to free up cash and deleverage the balance sheet. Exact details of new project econ
It is going back up, at speed of light.
Yesterday news was very positive for TERP, now they are guaranteed to have solar and wind to deliver to public. They've been performing very well, proved with their latest earning performance. Wall Street applauded them.
They are panic because their brokers own lots of naked short shares and now hard to cover with each run up likes that.
UBS must be one of them..... they don't have shares to cover, and yesterday 40% JUMP caused panic for them, since SUNE is resolving financial issues, so more good news are coming.
Yes, just keep on pressuring SUNE management for us investors please.
Brokers who has NAKED SHARES were panic on the street, and now they come out bearish to try to cover their naked short shares, which they don't have...... and more of 40% JUMP likes yesterday will hurt them..... UBS is one.
Patient buyers are accumulating today.
SUNE is in the position they have to do a lot of things to better their financial situation, and they are doing just that......... MORE OF GOOD NEWS LIKE YESTERDAY WILL COME. They are in the work. SUNE management can't play game with investors anymore.
Dude, he's right... there is ONE BUYER for every seller.....what's wrong with you? Just because you bash or short stock, you forgot fundamental /facts? So sad.
Lots of big investors on Wall Street supporting this stock,,,,,, and who else but them accumulating today, so shorts, time will tell, but just look at SUNE yesterday and the 40% upswing.... short squeeze can happen any time with TERP. BRING IT ON. TERP is not a one- two- day story.
SUNE is doing more and more good things to better itself and TERP and GLBL financially, but TERP can stay on its own two feet, based on last earning report, AND THE DIVIDEND (11/27 is the day).
Always in thousands of shares/contracts.
How about those who announced shorted at $3...........?? Come out and say you cover at $2.80.........come on.... OR if someone come out posting they lost from shorting 10K shares from $3 and cover at $4? NOBODY.
I dare them to show transaction OR just post them in real time.
136 Millions shares bought in...................$6 is within reach now with this positive developments today.
TERP is also positive since now it takes on solar and wind from SUNE and use that to generate income.