Mergers, Asset Sales, and Earnings, Oh My! 5 Stocks On The Move Today

Page 2 of 2

Beleagueredsolar leader SunEdison Inc. (NYSE:SUNE) is up by 8.50% today after it decided to drop down 425 MW of its assets to its TerraForm Global Inc. (NASDAQ:GLBL) subsidiary. The yieldco, which will own the India-based projects for an aggregate equity consideration of $231 million, has fallen by 5.52% in trading as a result.

Follow Sunedison Inc. (NYSE:NONE)

“This transaction provides higher yields replacing lower-yielding IPO projects that were intended to be acquired through M&A and is consistent with our strategy to focus on organic growth provided by our sponsor,” TerraForm Global CEO Brian Wuebbels said.

By the end of September, 73 funds in our database held $1.06 billion worth of shares on September 30, or 46.80% of SunEdison Inc. (NYSE:SUNE)’s outstanding stock. Greenlight Capital holds 18.6 million shares of the company worth $133.6 million. Meanwhile, 23 investors held stakes in TerraForm Global Inc. (NASDAQ:GLBL), which went public during the quarter.

Follow Terraform Global Inc.

Disclosure: None

Page 2 of 2