Noteworthy Insider Activity Uncovered At TerraForm Global Inc. (GLBL), SunEdison Inc. (SUNE), And Align Technology Inc. (ALGN)

Moving on to SunEdison Inc. (NYSE:SUNE), the world’s largest renewable energy development company that saw its stock plummet by over 53% year-to-date, so it’s not surprising that insiders are starting to buy up shares. Emmanuel T. Hernandez, the Chairman of the Board of SunEdison, reported acquiring 10,000 shares yesterday at a price of $9.95 apiece, boosting his stake to 30,000 shares. SunEdison recently announced the initiation of the construction of one of its largest solar power plants, the Comanche Solar project in Pueblo, Colo. This solar power plant is set to be one of the largest in Colorado and is anticipated to generate more than 300 gigawatt-hours of energy per year. However, it is highly probable that SunEdison’s shares will have a hard time bouncing back amid the stock market turmoil and high expectations of an interest rate hike. David Einhorn’s Greenlight Capital and Dan Loeb’s Third Point are among the largest equity holders in SunEdison Inc. (NYSE:SUNE) within our database, holding stakes of 24.84 million shares and 12.40 million shares, respectively.

Unlike the previously-discussed companies, Align Technology Inc. (NASDAQ:ALGN) saw one of its directors sell stock yesterday. Andrea L. Saia, who has served on the company’s Board of Directors since July 2013, unloaded 3,567 shares at a price of $55.10 per share, trimming her stake to 9,067 shares. Align Technology calls itself the leader in modern clear aligner orthodontics. The company designs, manufactures, and markets its Invisalign system, which offers dental professionals with a range of treatment options for teenagers and adults. Align Technology recently announced its second quarter financial results, posting revenues of $209.5 million, up by 8.8% year-over-year. At the same time, the company posted a net profit of $31.4 million or $0.39 per diluted share, compared to $35.6 million or $0.43 per share reported in the same quarter a year ago. Align Technology expects to deliver diluted EPS in the range of $0.31 to $0.38 for the current quarter and generate net revenues in the range of $201.4 million to $205.7 million. Of the hedge funds that we track at Insider Monkey, James Crichton’s Hitchwood Capital Management is the largest shareholder in Align Technology Inc. (NASDAQ:ALGN), holding a 1.2 million-share position.

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