He said if no one else wins he will be able to pay down debt by $500 million or spin off the ticket in a Yieldco that will pay 10% dividend. David Tepper to sue saying they should drop this into TERP.
Relaxz guys this is all about the drop in oil. It is the perfect storm against SUNE right now. We will be alright.
I do not believe oil will go to $ 20 dollars, the Saudi's trying to flush out the frackers are screwing up the middle east which is very much dependant on oil for their economy. Oil starts to move up and solar will be hot again. Sune is being manipulated to the nth degree due to its inept management. Everything was sailing along till the Vivint deal and than the bottom fell out. It appears that Chattilas days are numbered as well as Wuebbel.
I agree with SA's article by enertuition, and it is very hard for the average investor to understand this stock. I believe by the end of the forst quarter we will be in the mid teens.
I don't disagree with what you are saying, this can be a ploy for GS clients to buy this yieldco at a cheap price. Take advantage of the nice dividend which is safe if they do nothing. Remember can't sell stock at low prices because more shares will bring the overall yield down too low, and than the yieldco will not be a good investment.
At this low price they cannot sell stock to raise capital and buy assets that throw of a healthy CAFD. So until the price starts to rise above $10 dollars the sharks will be circling GLBL and TERP for that matter. Remember Terp was high 30's. SUNE will help by unloading assets to Dominion and warehouses and decrease their debt. They have a plan, and it will take time to unwind be patient.
He did call it a Dead Cat Bounce. The other imbecile is Gordon Johnson. However when he flashes a buy signal on Sune than it will be time to get out.
The only difference is they let him promote stocks after the market closes. So the only people that can get hurt are the traders who believe in this snake oil salesman.
Does anyone know.
As quick as this stock came down, it can go up that quickly with good news and short covering and hedge funds announcing new positions.
Expect margin call to go out about 10am this morning. Shorts will need to cover, expect the stock to end over $7 today. Much ado about Sune debt, but if you look at the numbers closely $ 3 billion is owned by Terp and Global. So Sunes total debt around $8 billion. Still high but asset sales will bring this down. ITC extension will make all of Solar stay healthy.
Crazy as it sounds this can be a reality, if we get bullish news and short covering.