Sunedison Inc Shares Keep Falling Amid Reports Investors Win Restraining Order

Loading...
Loading...

Sunedison Inc SUNE shares are flirting with the $2 area two days after SolarCity Corp SCTY issued a disappointing outlook. The stock is down 14 percent on Thursday, on the back of further solar weakness instilled by Barclays' downgrade of SolarCity and Sunrun Inc (NASDAQ:RUN) before the market open.

Though the Barclays report didn't specifically mention Sunedison, it did warn that a slowdown in installations, rising funding costs and a potential CPP delay may slow investor bullishness in the space.

Nearing a bottom on Thursday, Dow Jones reported just before 2:30pm that Sunedison investors have won a restraining order against the company. The order prevents usual moves of company assets temporarily, the outlet reported.

Sunedison did not immediately respond to a request for comment.

Posted In: NewsRumorsCommoditiesMarketsMovers
We simplify the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...