Notorious Short-Seller Goes Long Sunedison and You Should Follow Him

Page 2 of 2

Hempton also thinks the board should sack CEO Ahmad R. Chatila to win investor trust back.

“This company has got to become dull and predictable and it has to get there fast. Anything short of dull and predictable will end badly. There is a fast route to dull and predictable (the one I prefer). Start at the top. Sack Mr Chatila. Appoint someone who will embody the new (and boring) Sun Edison.”

Sunedison Inc (NYSE:SUNE) is the most popular renewable energy stock among the funds we track. Of the around 730 elite funds in our database, 93 funds owned $5.68 billion worth of the company’s stock (representing 69.10% of the float) at the end of June, versus 94 funds with stakes valued at $4.44 billion on March 31. David Einhorn‘s Greenlight Capital is the solar company’s largest hedge fund shareholder with 24.84 million shares as of June 30. Dan Loeb’s Third Point owns 12.4 million shares and Larry Robbins’ Glenview Capital holds 11.4 million shares too.

Disclosure: None

Page 2 of 2