Appreciate your insights since you seem to be fairly neutral on this board (both positive & negative about the stock). Wondering if you could give me your opinion on the following:
* Is SUNE getting a lot of pressure to walk away from the Vivint deal and will go ahead with it anyways?
* Why has SUNE broken through so many support levels so easily and tends to be one of the biggest % losers on most down days in the solar field even though it has already fallen so much? The market used to love this stock and appreciated the company keeping everyone up to date with their news releases. Now the market doesn't seem to care if they have massive amount of additional liquidity and all the analysts still love/like them.
* Do you think if SUNE had held off on the preferred offering that its price would be higher today and if so why the rush since they already announced the billion dollar warehouses? Assume they thought it would help investor confidence with the added liquidity but not sure it did the last few days but maybe it was just bad timing along with the massive markets sell off this past week.
*After things settle down, how long before SUNE reaches the $20 level again & will they ever break $30 again or at least in the next year (as long as oil and the overall markets stabilize)?
Nice article. Solar is a massive growth story so no matter what oil is doing investors should do what they normally do and invest in growth imo.
You're probably right but don't you think the Vivint acquisition news was an initial or partial catalyst for SUNE's sell off? The timing might have also been bad due to their upcoming earnings report, the drop in oil (no bearing to solar growth) and the international/US market sell off.
Do you really think it is still feasible or in the best interest of shareholders/company at these prices? Maybe drop the buyout now and purse one in the future (next year or later) when things have improved. Thanks.
Was wondering if that was a mistake with GNW up in afterhours on a heck of a lot of shares. Didn't know about the insider buying but now afterhour trading makes more sense. Thanks.
Three high level insiders including the CEO & CFO buying 15,000 to 30,000 shares each over the last 10 days seems like a very positive buy signal but also the overall markets are a little crazy at the moment.
It seems understandable not to invest in oil or oil companies today because of no growth at the moment but Solar is growing at possibly 30% per year according to conservative estimates. Major growth stories are usually where investors want to invest.
Sunedison is suppose to be the best or the best according to all the analysts and business TV shows. The company also has speed up their liquidity and done everything they can to get investor confidence back in such a short time but for some reason the market (or shorts) are still coming down on them. I'm sure they will be a turnaround story in the future but how soon that will be is anyone's guess.
Good point. It seems understandable not to invest in oil or oil companies because of no growth at the moment but solar is growing at possibly 30% per year. Major growth story and that's usually where investors want to invest.
Wow, that's amazing that another company could steal Sunedison along with all their subsidiaries (YieldCos,, SEMI, etc) for only $18. That would be the buyout/takeover of a lifetime!
Very interesting. Not sure about investor confidence but Insider(s) Confidence looks to be very high at the moment.
Einhorn's Greenlight Capital only sold a measly 0.4% (109,300 shares out of 24,953,888) of SUNE. Still owns 24,844,588 shares. While Loeb increased his holdings by more than 27%....
Einhorn’s Sunedison holding was trimmed by 109,300 shares to 24.84 million shares during the second quarter. In its second quarter letter to investors, Einhorn identified two main catalysts for Sunedison going forward, the first one being the IPO of TerraForm Global Inc (NASDAQ:GLBL), the renewable energy yieldco that should significantly add to Sunedison’s cash flow, as well as the company’s acquisition of First Wind, the largest windpower development company in the U.S. The low coal and gas prices have been wreaking havoc with solar stocks and Sunedison losses of more than 27% this year are testament to that. Dan Loeb’s Third Point increased its holding in Sunedison by 24% during the second quarter to 12.40 million shares.
It seems like SUNE was Up in afterhours almost everyday this week including today but the regular session is the important one.
Maybe this is why management has been so quiet since their earnings reports...wanted to be considerate of Warren Buffet?
I thought the Oversubscribed News out this morning would have brought a lot more investor confidence and buying interest to the stock especially since their were top rated financial firms and analysts involved (a little insider knowledge).
Any chance SUNE touches green later today even for a few trades in this crazy market?