After Sunedison Inc (NYSE:SUNE)‘s stock rallied
Post# of 23088
Posted On: 11/25/2015 12:37:59 PM
After Sunedison Inc (NYSE:SUNE)‘s stock rallied by more than 30% on Tuesday on the news that the company paid down a $95 million margin loan, the analysts at UBS downgraded both SunEdison and its yieldco, TerraForm Power Inc (NASDAQ:TERP), to ‘Sell’. The two solar companies have struggled this year due to liquidity concerns and soft quarterly earnings reports, with Sunedison Inc (NYSE:SUNE)’s shares retreating by 78.88% year-to-date and TerraForm Power Inc (NASDAQ:TERP) off by 70% on the year. Today’s UBS downgrade even in light of the massive declines the stocks have already suffered this year will do little to improve sentiment, as evidenced by the fact that shares of Sunedison and TerraForm Power are down by 12% and 13%, respectively today.
Like analyst sentiment, hedge fund sentiment towards SunEdison has weakened recently, with the total number of hedge funds long the stock dropping to 73 at the end of September from 93 at the end of June. The total number of hedge funds long TerraForm Power also declined to 31 from 46 during the same time. Several hedge funds remain bullish on the two stocks, however, with David Einhorn‘s Greenlight Capital and Larry Robbins‘ Glenview Capital long SunEdison and Andrew Feldstein and Stephen Siderow’s Blue Mountain Capital establishing a new position in Terraform Power in the third quarter.
Like analyst sentiment, hedge fund sentiment towards SunEdison has weakened recently, with the total number of hedge funds long the stock dropping to 73 at the end of September from 93 at the end of June. The total number of hedge funds long TerraForm Power also declined to 31 from 46 during the same time. Several hedge funds remain bullish on the two stocks, however, with David Einhorn‘s Greenlight Capital and Larry Robbins‘ Glenview Capital long SunEdison and Andrew Feldstein and Stephen Siderow’s Blue Mountain Capital establishing a new position in Terraform Power in the third quarter.
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NASDAQ DIP and RIP
Here is the best word that describes what i do here.
Intuitive;
means having the ability to understand or know something without any direct evidence or reasoning process.
I was born with it, I'm truly blessed!
Alway's searching for winners'