On Friday, Shares of Sunedison Inc (NYSE:SUNE), gained 0.87% to $9.24. 25.12 million shares of the company were exchanged.
The stock is down -52.59% in this year through last close, and the beta ratio has a value of 3.82. The stock, as of recent close, has shown weekly upbeat performance of 11.85% which was maintained at -17.85% in 1-month period.
Sunedison, will layoff 1,000 employees, or 15% of its workforce, and stop selling solar and wind farms to its own associated companies, which has confused investors. Instead, SunEdison plans to sell some of its renewable energy assets to power utilities, according to WSJ.
SunEdison will forego investments in countries counting the U.K., where renewable energy projects aren’t as profitable as the U.S., and will dial back expansion plans in Latin America and other overseas markets where it has been operating.
“We de-emphasized countries, merged divisions and walked away from things that didn’t make sense in the current dislocation in the market,” said Ahmad Chatila, chief executive, during a conference call with investors.
Moving forward, SunEdison will build 20% fewer green energy projects than it had formerly declared. The roughly 3,500 megawatts of wind and solar farms the company still plans to pursue will require $5.8 billion in financing, he said. WSJ Reports
SunEdison, Inc. develops, manufactures, and sells silicon wafers to the semiconductor industry. The company operates through three segments: Solar Energy, TerraForm Power, and Semiconductor Materials.
Shares of Alibaba Group Holding Ltd (NYSE:BABA), surged 1.51% to $68.73, during its last trading session.
The share price of this stock traded recently in a range of $67.31 to $69.45. The company now has a market value of $172.63 billion.
If we take a look on its volatility, 3.37% was seen in a week and for the month it was 3.81%.
Alibaba Group Holding Limited (BABA) recently declared that it will report its unaudited financial results for the quarter ended September 30, 2015 before the U.S. market opens on Tuesday, October 27, 2015, and will hold a conference call to discuss the financial results at 7:30 a.m. U.S. Eastern Time (7:30 p.m. Hong Kong Time) the same day.
Alibaba Group Holding Limited, through its auxiliaries, operates as an online and mobile commerce company in the People’s Republic of China and internationally. I
Finally, Shares of United Continental Holdings Inc (NYSE:UAL), ended its last trade with 6.67% gain, and closed at $55.74.
United Airlines (UAL) stated September 2015 operational results.
UAL’s September 2015 merged traffic (revenue passenger miles) raised 1.4 percent and merged capacity (accessible seat miles) raised 1.4 percent as compared to September 2014. UAL’s September 2015 merged load factor was flat contrast to September 2014.
United Continental Holdings, Inc., together with its auxiliaries, provides air transportation services in North America, the Asia-Pacific, Europe, the Middle East, Africa, and Latin America.
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