If SUNE is not able to pay the full cost for VSLR, they are at risk of being exposed to legal action. VSLR as creditor, will protect their legal rights via a voluntary Chapter 7 action. Everything depends on access to funds for the transaction, (selling assets, TERP). There was no foresight to manage risks that they could possibly occur in the future. From this perspective, we can see that the CEO was not in charge during the time of the acquisition in early 2015. Blackstone will come out smelling like a rose no matter what.
It's a $10 tax per barrel, not 10%. It won't go anywhere.
All three will eventually win, but TERP, GLBL, and SUNE in that order.
I can see why that could be a possibility, however, that is only one interpretation. I think we can agree that management falls far short of communicating to the shareholders public. If they explained the reason for not securing a vital element of this particular project, as opposed to allowing SUNE to be treated as a party pinata by the shorts (wants is definitely not short), they would start to repair their poor reputation.
The PPA may be revoked if SUNE doesn't produce financing. This project was already sold to Dearborn.
I appreciate all viewpoints. When you are confronted by a contrarian opinion, it really makes it more convinced of one's viewpoint, or perhaps even change it. Remember how Axiom's rating brought about ire when they had a $2 target? For me, I can't invest in SUNE simply because I don't trust the leadership. Only the yieldcos have a moat around them in case of bk, so that's where I'm invested.
Could be? If that happens, closer to 100 is more realistic. SUNE just sold the Japan projects for 80+ millions. SUNE could easily absorb 100.
Affidavits may be provided by the departing TERP'S board members.
Disposing of ill-conceived projects and dilution to save the balance sheet, what's next? Down to earth growth plan? I see no catalyst for growth beyond $7-8 pps within 12 months. However, that may change is Chatila is canned.Perhaps that is David E. ultimate plan. Certainly, he is not worth 8 million a year.
Tepper's lawsuit is aligned with all shareholders, but there is one caveat. One of the remedies could be monetary damages payable only to Appaloosa, so other shareholders won't benefit from this remedy. Hopefully, we see the injunction granted and a concommitment increase in pps. Acquisitions are overpriced to TERP, namely, Invenergy and Vivint, courtesy by SUNE and management of TERP. It won't be long to hear from the court. Of course, SUNE could pull a rabbit out of the hat by selling a significant portion of Vivint assets. More drama ahead.
My concern with Chatila is that his commitments don't live up with actual results. How much should we trust him? Very wary of him. If he was a financial planner I'd steer clear of him.
Good news. Blackrock along with Appaloosa may bring it up to 12+ sooner than I thought.
Schedule 13G is an alternative SEC filing for the 13D which must be filed by anyone who acquires ownership in a public company of more than 5% of the outstanding stock. The 13G filing is considered a more passive version of the 13D and has fewer reporting requirements than the 13D.
Personally, I like your approach to own the solar panels. It makes greater economic sense for me. Other competitors include SunPower, FirstSolar, SolarCity and also the many smaller private companies spread out across the country. My concern for Vivint is that they are quite vulnerable to other companies that can advantage of weakness that I pointed out in my post. As for me, I'm long SUNE and TERP.