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SUNEQ

SunEdison

$0.05

-0.0008 (-1.59%)

, GLBL

TerraForm Global

$4.10

-0.01 (-0.24%)

16:47
10/03/16
10/03
16:47
10/03/16
16:47

SunEdison confirms settlement talks with yieldcos, will evaluate proposals

On Sunday, September 25, 2016, each of TerraForm Power (TERP) and TerraForm Global (GLBL) issued a press release purportedly describing allegations made by the Yieldcos in proofs of claims filed by them last Friday in SunEdison (SUNEQ) and its related affiliates' bankruptcy cases. "While SunEdison disagrees with many of the statements, claims and allegations made by the Yieldcos in their press releases, SunEdison confirms that settlement discussions with the Yieldcos have commenced, and adds that such settlement discussions relate both to alleged claims asserted by the Yieldcos against SunEdison, as well as meaningful claims that the SunEdison estate is reviewing and may assert against the Yieldcos," SunEdison said in a statement. "Like any similar situation with any other creditor in their Chapter 11 cases, SunEdison will actively pursue the dismissal or settlement of proofs of claims in the bankruptcy cases - although no date has been established yet in the bankruptcy cases for objecting to proofs of claims. In addition, as the Yieldcos disclosed in their press releases, SunEdison and the Yieldcos are engaged in a collaborative sale process to sell either SunEdison's ownership interests and other rights in the Yieldcos or the entirety of the equity in the Yieldcos. Any transaction resulting from the sale process will require the approval and consent of SunEdison and approval of the bankruptcy court. SunEdison will evaluate proposed transactions based on the value they deliver to SunEdison's bankruptcy estate. In connection with the sale process, and as has been disclosed to bidders interested in participating in the sale process, it is anticipated that there will ultimately be a resolution of the dispute regarding the claims alleged by the Yieldcos in their proofs of claims and any claims that SunEdison holds against the Yieldcos." John Dubel, SunEdison's Chief Executive Officer, said, in relation to the above issues, "Our Chapter 11 process has been long and complex and we are now at a critical stage as it relates to the Yieldcos. We take to heart Jack Stark's comments that a settlement of disputes between the Yieldcos and SunEdison is overwhelmingly in the interests of both sides, and we will proceed with our settlement discussions while at the same time moving forward with the sale process."

SUNEQ

SunEdison

$0.05

-0.0008 (-1.59%)

GLBL

TerraForm Global

$4.10

-0.01 (-0.24%)

TERP

TerraForm Power

$13.99

0.08 (0.58%)

SUNEQ SunEdison
$0.05

-0.0008 (-1.59%)

07/27/16
OPCO
07/27/16
DOWNGRADE
OPCO
Perform
TerraForm Power downgraded to Perform at Oppenheimer
As previously reported, Oppenheimer analyst Colin Rusch downgraded TerraForm Power (TERP) to Perform from Outperform following the company's filing of preliminary financial data as part of an effort to solicit debt holders' waiver of filing deadlines ahead of a potential August 19th cross-default. With its revolving line of credit fully utilized, approximately $3.9B in total debt, and limited capital flexibility, the analyst sees TerraForm Power as "highly" levered and notes the uncertainty around risk to equity cash flows from ongoing negotiations. Further, he sees ongoing risk to O&M arrangements, performance guarantees, and operating and interest expense support from SunEdison (SUNEQ).
09/30/16
ROTH
09/30/16
NO CHANGE
ROTH
Possible Chinese tariff cuts a negative for solar names, says Roth Capital
Roth Capital analyst Philip Shen noted media reports in China indicating that certain solar feed-in tariff levels may be cut by 23-52%, depending on region and project type, in January 2017. While there appears to be some confusion on which projects may qualify for the 2016 tariff ahead of the 2017 FIT stepdown, Shen tells investors that he sees the reports on the whole as more negative news for the industry. Publicly traded companies in the solar space include Canadian Solar (CSIQ), First Solar (FSLR), JA Solar (JASO), SolarCity (SCTY), SunEdison (SUNEQ), SunPower (SPWR), Trina Solar (TSL) and Yingli Green Energy (YGE).
GLBL TerraForm Global
$4.10

-0.01 (-0.24%)

01/22/16
LEHM
01/22/16
DOWNGRADE
Target $4
LEHM
Equal Weight
TerraForm Global downgraded to Equal Weight from Overweight at Barclays
Barclays analyst Jon Windham downgraded TerraForm Global to Equal Weight and lowered his price target for the shares to $4 from $10.
01/22/16
01/22/16
DOWNGRADE

On The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: 8point3 Energy (CAFD) downgraded to Underweight from Equal Weight at Barclays... American Express (AXP) downgraded to Market Perform from Outperform at Keefe Bruyette... Baidu (BIDU) downgraded to Neutral from Buy at Nomura... CONSOL (CNX) downgraded to Equal Weight from Overweight at Morgan Stanley... Cardiovascular Systems (CSII) downgraded to Underperform at Needham... DDR Corp. (DDR) downgraded to Neutral from Buy at SunTrust... Energy Transfer Partners (ETP) downgraded to Perform from Outperform at Oppenheimer... Foresight Energy (FELP) downgraded to Equal Weight at Morgan Stanley... LDR Holding (LDRH) downgraded to Market Perform from Outperform at Wells Fargo... MGIC Investment (MTG) downgraded to Buy from Conviction Buy at Goldman... Mid-America Apartment (MAA) downgraded to Neutral from Buy at SunTrust... ONEOK Partners (OKS) downgraded to Perform from Outperform at Oppenheimer... ONEOK (OKE) downgraded to Perform from Outperform at Oppenheimer... Pengrowth Energy (PGH) downgraded to Sector Perform from Outperform at Scotiabank... Rocky Brands (RCKY) downgraded to Neutral from Outperform at Baird... Skechers (SKX) downgraded to Neutral from Positive at Susquehanna... TerraForm Global (GLBL) downgraded to Equal Weight from Overweight at Barclays... UniCredit (UNCFF) downgraded to Neutral from Buy at Nomura... WP Glimcher (WPG) downgraded to Neutral from Buy at SunTrust.
03/30/16
BOFA
03/30/16
NO CHANGE
BOFA
TerraForm Global rating to Under Review at BofA/Merrill
BofA/Merrill moved TerraForm Global's rating to Under Review from Neutral given the lack of financial statements.
07/21/16
GSCO
07/21/16
UPGRADE
Target $3.25
GSCO
Neutral
TerraForm Global upgraded to Neutral from Sell at Goldman
Goldman Sachs analyst Brian Lee upgraded TerraForm Global to Neutral citing a higher probability of M&A after the company reported select preliminary results. The analyst sees a more balanced risk/reward for shares of TerraForm Global. He upped his price target for the stock to $3.25 from $1.50.
TERP TerraForm Power
$13.99

0.08 (0.58%)

06/29/16
AVON
06/29/16
UPGRADE
AVON
Outperform
TerraForm Power upgraded to Outperform from Market Perform at Avondale
07/27/16
OPCO
07/27/16
DOWNGRADE
OPCO
Perform
TerraForm Power downgraded to Perform from Outperform at Oppenheimer
07/28/16
AVON
07/28/16
DOWNGRADE
AVON
Market Perform
TerraForm Power downgraded to Market Perform from Outperform at Avondale

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CNX

CONSOL

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-0.48 (-2.20%)

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CONE Midstream

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15:02
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CONE Midstream participates in an analyst and investor day »

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CNNX

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CONSOL

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14:59
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CONSOL to host analyst and investor day »

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BG

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-0.04 (-0.05%)

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Bunge to host investor day »

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AMD

AMD

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AMD to host Summit Ridge a "Zen"-based CPU at New Horizon »

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AJG

Arthur J. Gallagher

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14:41
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Arthur J. Gallagher to host investor day »

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NYT

New York Times

$14.10

0.15 (1.08%)

14:34
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Detroit Economic Club to hold a luncheon meeting »

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AZN

AstraZeneca

$27.16

0.89 (3.39%)

14:28
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AstraZeneca has a luncheon meeting with Philadelphia Securities Association »

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CASC

Cascadian Therapeutics

$5.65

-0.03 (-0.53%)

, GHDX

Genomic Health

$30.81

-0.17 (-0.55%)

04:55
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UT Health Science Center to hold a symposium »

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Cascadian Therapeutics

$5.65

-0.03 (-0.53%)

GHDX

Genomic Health

$30.81

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MYGN

Myriad Genetics

$17.40

0.41 (2.41%)

RDUS

Radius Health

$43.94

-3.13 (-6.65%)

OCX

OncoCyte

$6.15

0.05 (0.82%)

ABBV

AbbVie

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0.64 (1.05%)

BAYRY

Bayer

$100.04

1.14 (1.15%)

CELG

Celgene

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0.41 (0.36%)

CLDX

Celldex

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DNA

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HRTX

Heron Therapeutics

$14.90

-0.55 (-3.56%)

PFE

Pfizer

$31.70

0.76 (2.46%)

PBYI

Puma Biotechnology

$36.50

0.05 (0.14%)

TSRO

TESARO

$129.97

-1.57 (-1.19%)

NSTG

NanoString

$21.79

-0.35 (-1.58%)

NVS

Novartis

$69.74

2.15 (3.18%)

NVTA

Invitae

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0.28 (4.02%)

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BBSI

Barrett Business

$62.30

1.85 (3.06%)

, BREW

Craft Brew

$16.65

0.45 (2.78%)

04:55
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Roth Capital to hold a conference »

5th Annual ROTH Utah…

BBSI

Barrett Business

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BREW

Craft Brew

$16.65

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CHKE

Cherokee

$11.10

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DFBG

Differential Brands

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0.25 (8.47%)

DLA

Delta Apparel

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ESCA

Escalade

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FLKS

Flex Pharma

$6.29

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KONA

Kona Grill

$12.75

0.05 (0.39%)

LNDC

Landec

$15.05

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MEET

MeetMe

$5.63

0.16 (2.93%)

MITK

Mitek Systems

$6.50

0.35 (5.69%)

MB

MINDBODY

$20.70

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OSIS

OSI Systems

$78.17

1.22 (1.59%)

PLNT

Planet Fitness

$21.01

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ROX

Castle Brands

$0.75

0.0309 (4.30%)

PRTS

U.S. Auto Parts

$3.33

0.09 (2.78%)

RSYS

RadiSys

$4.77

0.11 (2.36%)

SWHC

Smith & Wesson

$21.07

-0.16 (-0.75%)

VSTO

Vista Outdoor

$38.62

-1.24 (-3.11%)

WMAR

West Marine

$9.41

0.13 (1.40%)

ZAGG

ZAGG

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ANET

Arista Networks

$94.41

-1.35 (-1.41%)

, CSCO

Cisco

$30.06

0.11 (0.37%)

18:32
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Hot Stocks
Arista Networks favored in ITC initial determination on four of six patents »

Arista Networks (ANET)…

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Arista Networks

$94.41

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CSCO

Cisco

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TKTDY

Takata Corporation

$10.70

0.05 (0.47%)

18:22
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Periodicals
U.S. DOT looks to accelerate pace of Takata air bag replacements, Reuters says »

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DV

DeVry

$31.90

0.9 (2.90%)

18:17
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Breaking Hot Stocks news story on DeVry »

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  • 09

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CSOD

Cornerstone OnDemand

$39.10

-0.11 (-0.28%)

18:10
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Cornerstone OnDemand considers sale amid activist pressure, Bloomberg reports »

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CVM

CEL-SCI

$0.12

-0.0014 (-1.17%)

18:03
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NYSE MKT says CEL-SCI noncompliant with certain listing requirements »

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XOM

Exxon Mobil

$89.00

0.68 (0.77%)

18:01
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Exxon CEO Tillerson emerges as top candidate for secretary of state, WSJ says »

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FUL

H.B. Fuller

$50.36

0.05 (0.10%)

17:58
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H.B. Fuller announces restructuring, to eliminate, relocate 220 positions »

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BIIB

Biogen

$287.77

-1.77 (-0.61%)

17:53
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Biogen looks like a bargain, Barron's reports »

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SNY

Sanofi

$40.40

0.63 (1.58%)

17:42
12/09/16
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Sanofi to lay off 20% of U.S. diabetes, cardiovascular staff, Bloomberg says »

The layoffs include parts…

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  • 29

    Mar

CSOD

Cornerstone OnDemand

$39.10

-0.11 (-0.28%)

17:38
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17:38
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Cornerstone OnDemand considers sale amid activist pressure, Bloomberg reports »

Investor Praesidium said…

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TACO

Del Taco

$14.75

-0.39 (-2.58%)

17:34
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Breaking Hot Stocks news story on Del Taco »

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  • 09

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UNVR

Univar

$26.36

0.54 (2.09%)

, BXLT

Baxalta

17:30
12/09/16
12/09
17:30
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17:30
Hot Stocks
Univar names Eric Foster chief information officer »

Univar (UNVR) named Eric…

UNVR

Univar

$26.36

0.54 (2.09%)

BXLT

Baxalta

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PARN

Parnell

$1.42

-0.0031 (-0.22%)

17:30
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Breaking Hot Stocks news story on Parnell 

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BSX

Boston Scientific

$20.81

0.2 (0.97%)

, NVRO

Nevro

$76.38

-1.88 (-2.40%)

17:24
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12/09
17:24
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17:24
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Boston Scientific files patent infringement suit against Nevro »

Nevro (NVRO) announced…

BSX

Boston Scientific

$20.81

0.2 (0.97%)

NVRO

Nevro

$76.38

-1.88 (-2.40%)

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RTN

Raytheon

$146.30

0.14 (0.10%)

17:21
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Raytheon awarded $101.9M government contract »

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CX

CEMEX

$8.77

-0.16 (-1.79%)

17:18
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Hot Stocks
CEMEX receives subpoena from SEC regarding Foreign Corrupt Practices Act »

On December 9, 2016,…

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