The only reason this stock is up this much is because of GWPH news. The big difference is GWPH had positive results in a Phase3 trial, ZYNE is only in Phase1. They are still many many years away from possibly getting FDA approval. Traders holding this having a 70% gain in one day will take profits. As the volume decreases and the share price comes down, they can buy back at a much lower price. Just my opinion, seen it too many times.
It's only Phase 2 results so probably another 2 to 4 years, then goes for FDA approval. It's up too much too fast will go down .
You all do realize that the news today is about contracts that were previously announced?? LEU announced today that it has signed several new sales contracts in the last nine months. In aggregate, the contracts have a value of approximately $165 million with deliveries through 2022.
This is all I found. SunEdison (SUNE) beat an injunction, but now faces trial in a legal challenge from Appaloosa to a 3-way deal involving affiliate TerraForm (TERP) and Vivint (VSLR). SUNE wants to buy VSLR but needs TERP to agree to buy the residential rooftop operation part of the deal. TERP shareholder Appaloosa says it's a dangerous transaction for TERP and is fighting the plan in court. SUNE is under pressure after running up a big pile of debt developing renewable-power projects.
Does anyone think that there could be a pop after earnings even if bad? I've seen so many stocks pop on bad earnings, I'm assuming because their stock price is so low and beaten down and maybe the shorts start covering?
Greenlight owns 4% of SunEdison stock, and Einhorn himself has a 6.8% stake, according to paperwork filed Wednesday with the U.S. Securities and Exchange Commission.
The SunEdison-Greenlight agreement installs Claire Gogel as an independent director, effective immediately. Gogel is a private investor and a former Greenlight partner, according to a SunEdison press release.
Under the arrangement, SunEdison can’t issue any equity without approval from nearly every board member for two years after its Vivint Solar acquisition closes.
Energy management technology and services company, Energy Action Limited (ASX: EAX) ("Energy Action"), is pleased to announce that it has entered into an agreement with SunEdison Australia ("SunEdison") under which both parties will collaborate to promote innovative energy management and renewable energy solutions to their customers in Australia.The agreement allows for the provision of solar technology and solar power purchase agreements (SPPA) within the Australian C&I sector. In conjunction with being able to leverage the scale and supply chain advantages SunEdison offers for solar equipment, this partnership further enhances Energy Action's ability to assist its clients mitigate the risks of rising electricity prices by providing alternate financial options that remove the barriers to entry represented by the initial capital investment in solar projects.
2015 marked a turning point for the Australian commercial solar market and SunEdison anticipates that growth in the small to medium commercial segment will continue throughout 2016. This new partnership will provide competitive, quality solar installations incorporating the latest technology to deliver reliable electricity cost savings over its operating life to Energy Action's existing and new clients.
Residential solar-power company Vivint (VSLR) getting bought by solar-project developer SunEdison (SUNE) looks more likely now--and shares of both pop in response--after a judge denies hedge fund Appaloosa's effort to block the plan. SUNE intends to flip the VSLR assets to its TerraForm Power (TERP) affiliate, which has historically operated projects developed by SUNE. Appaloosa, a TERP shareholder, has sought to block the sale and been arguing the deal is a better bargain for SUNE than TERP. VSLR bounces 35% and SUNE surges 45%, though both are still down for the month, nevermind 2016. TERP falls 1.9%. Blackstone (BX), which backs VSLR, will get SUNE shares and is providing it a $250M credit facility as part of the sale.
Avondale's Michael Morosi maintained a Market Outperform rating for Sunedison Inc (NYSE: SUNE), with a price target of $7, after the court’s Appaloosa decision paved the way for an acquisition of the assets of Vivint Solar Inc (NYSE: VSLR).
management will also "explore additional strategic opportunities from time to time, which may include opportunities with respect to its intellectual property, investments in various industries or acquisitions.