During Wednesday’s Afternoon trade, Shares of Sunedison Inc (NYSE:SUNE), declined -14.56% to $3.52. The firm opened its current trade at $3.84, and as of now, it is trading at $3.52. The total volume traded for the day is 53.66M shares, as compared to its average daily volume of 51.23M shares. The stock is floating in a range of $3.46 - $4.02. The stock holds the market capitalization of $1.27B.
SunEdison, Inc. (SUNE), declared that they have reached a contract for SunEdison to sell TerraForm Global a series of projects located in India for the aggregate equity consideration of $231M subject to purchase price adjustments in favor of both SunEdison and TerraForm Global. These projects will replace a portion of the projects and the associated CAFD that were part of TerraForm Global’s initial portfolio, which have subsequently been terminated acquisitions.
The projects will generate 425 megawatts of capacity in aggregate. A portion of the purchase price was paid on November 20 and the remainder of the purchase price will be payable on or before December 7, 2016, unless otherwise agreed. SunEdison utilized a portion of the proceeds from the sale to partially pay down its margin loan.
“This transaction provides higher yields replacing lower-yielding IPO projects that were intended to be attained through M&A and is comprising with our strategy to focus on organic growth offered by our sponsor,” said Brian Wuebbels, Chief Executive Officer of TerraForm Global. “We are happy to be able to add these accretive assets with 20 year contracted cash flows to TerraForm Global’s portfolio and believe they are critical to achieving our 2016 dividend guidance.”
SunEdison, Inc. (SunEdison) is a developer and seller of photovoltaic energy solutions, an owner and operator of clean power generation assets, and a developer and manufacturer of silicon wafers. The Company operates in three segments: Solar Energy, TerraForm Power and Semiconductor Materials through SunEdison Semiconductor Ltd. (SSL).
Shares of Pfizer Inc (NYSE:PFE), gained 3.44% to $33.07.
PFE stock is now trading at $33.07, having a volume of 51.34M shares. The year-to-date (YTD) performance of PFE stock reflects that it is 6.1%.
During the past month, the stock decline -2.94%, bringing three-month performance to 5.46% and six-month performance to 3.59%.
Pfizer Inc. (PFE) declared top-line results of a Phase 3 study evaluating the efficacy and safety of LYRICA® (pregabalin) Capsules CV in adults with chronic post-traumatic peripheral neuropathic pain. The study did not meet its primary efficacy endpoint.
The study was conducted as a 15-week, double-blind, placebo-controlled, parallel group study with a primary objective to evaluate the efficacy of pregabalin in the treatment of chronic post-traumatic peripheral neuropathic pain. The primary efficacy endpoint was mean pain reduction from baseline contrast with placebo based on pain scores from patients’ daily pain diaries. The safety profile observed in this study was compriseent with that known for pregabalin. The most common adverse events with pregabalin in this study were dizziness, somnolence, nausea and fatigue.
Pfizer Inc., a biopharmaceutical company, discovers, develops, manufactures, and sells healthcare products worldwide. The company operates through Global Innovative Pharmaceutical (GIP); Global Vaccines, Oncology and Consumer Healthcare (VOC); and Global Established Pharmaceutical (GEP) segments.
Finally, Shares of General Electric Company (NYSE:GE), declined -0.55%, and is now trading at $30.50.
GE (GE) declared that it has accomplished the sale of its Australia and New Zealand (A&NZ) consumer finance business, representing aggregate ending net investment (ENI) of about US $4.3 billion, to a consortium made up of Värde Partners, KKR and Deutsche Bank.
As formerly declared, GE is embarking on a strategy to focus on its high-value industrial businesses and is selling most GE Capital assets. GE and its Board of Directors have determined that current market conditions are favorable to pursue disposition of these assets. GE will retain the financing verticals that relate to GE’s industrial businesses.
General Electric Company operates as an infrastructure and financial services company worldwide. The company’s Power and Water segment offers gas, steam and aeroderivative turbines, nuclear reactors, generators, combined cycle systems, controls, and related services; wind turbines; and water treatment services and equipment.
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