On Wednesday, Shares of TerraForm Global Inc (NASDAQ:GLBL), lost -3.17% to $4.27.
Sun Edison, Inc. (SUNE), the largest global renewable energy development company, terminated the securities purchase agreement with Light S.A. to acquire an approximate 16 percent stake in Renova for $250 million. In addition, the agreement (the “Backlog Agreement”) among SunEdison and TerraForm Global, Inc. (GLBL), a global owner and operator of clean energy power plants, and Renova Energia S.A. (RNEW11.SA), the leading renewable energy company in Brazil, which offered for the acquisition of certain development-stage projects that were intended for a subsequent sale by SunEdison to TerraForm Global as call rights projects under the sponsor support agreement was also terminated . The formerly declared fifty-fifty joint venture between Renova and SunEdison to develop, own, and operate 1 gigawatt of utility scale solar photovoltaic projects to supply the Brazilian Regulated Electricity Market remains.
“While it is disappointing that the agreement was terminated, we remain committed to Brazil,” said Brian Wuebbels, SunEdison’s chief financial officer and TerraForm Global’s chief executive officer. “In addition, Renova remains a valued partner and we look forward to ongoing our relationship with them on our solar development joint venture.”
Terra Form Global, Inc. owns and operates renewable energy generation assets worldwide. It generates electricity through solar, wind, and hydro-electric projects with a total combined capacity of 987.8 megawatts.
Shares of SunTrust Banks, Inc. (NYSE:STI), declined -1.43% to $43.37, during its last trading session.
SunTrust Mortgage, declared substantial grants to 15 non-profit housing agencies across the bank’s footprint, counting eight Neighbor Works associates. The grants, totaling $1.4 million, will provide valuable assistance in these communities to foster homeownership preparedness and sustainability, counting first-time home-buyer education, counseling in obtaining loan modification and preventing foreclosure, and other programs.
“Homeownership is the foundation for building and strengthening our communities, and SunTrust and its non-profit partners are committed to assisting those striving to achieve that dream,” said Dorinda Smith, president and CEO of SunTrust Mortgage, Inc. “By partnering with these organizations to deliver valuable tools to home-buyers we are demonstrating our commitment to our purpose of Lighting the Way to Financial Well-Being for the families and the communities we serve.”
“Neighbor Works America is excited by the ongoing support from SunTrust Mortgage for the homeownership and consumer financial preparedness work of Neighbor Works organizations,” said Neighbor Works America President and CEO Paul Weech. “Nearly 90 percent of people in a recent Neighbor Works survey said homeownership is a key part of the American Dream. The programmatic investments from SunTrust will assist these high-performing Neighbor Works organizations make those dreams come true.”
SunTrust Banks, Inc. operates as the holding company for SunTrust Bank that provides various financial services in the United States. The company operates in three segments: Consumer Banking and Private Wealth Administration, Wholesale Banking, and Mortgage Banking.
Finally, Shares of Lattice Semiconductor (NASDAQ:LSCC), ended its last trade with -2.25% loss, and closed at $6.08.
Lattice Semiconductor Corporation, declared a development platform for use in designing low-power wearable devices for consumers. Based on the iCE40 Ultra™ FPGA, the platform features a large number of sensors and peripherals, making it a compelling platform for the design of a wide array of wearable devices.
The iCE40 Ultra FPGA uses a package that is 60 percent smaller than alternative microcontrollers. The iCE40 Ultra FPGA also supports a low power standby mode for always-on functionality, making it an ideal choice for consumer wear ables that need to operate for days between charges.
Hardware features and sensors supported by the iCE40 Ultra Wearable Development Platform comprise a 1.54-inch display, MEMS microphone, high-brightness LED, IR LED, BLE module and 32MB of flash memory. The platform also supports sensors capable of measuring heart rate/SpO2, skin temperature, and pressure in addition to an accelerometer and gyroscope. The platform comes in a wrist watch form factor (1.5-inches wide x 1.57-inches long x 0.87-inches high) with a wrist strap and a built in battery.
Lattice Semiconductor Corporation designs, develops, and markets programmable logic products and related software in Asia, Europe, and the Americas. It offers products based on field programmable gate arrays (FPGAs) and complex programmable logic devices (CPLDs) architectures.