Report: Sunedison In Talks To Divest Its Utility-Scale Solar Project

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Shares of
Sunedison IncSUNE
surged higher Friday morning after a Delaware Court of Chancery denied Appaloosa management's attempts to block the company's merger with
Viviant Solar IncVSLR
Related Link:
Sunedison Has Long-Term Value Despite Cash Challenges, Avondale's Morosi Says
Sunedison's stock remained significantly higher throughout the day but a new rumor surfaced mid afternoon. According to a report from
SparkSpread, Sunedison is in talks to sell its utility-scale solar project. The energy-focused news site noted that the "beleaguered" company is looking to reduce its debt load.
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Posted In: NewsRumorsSolar StocksSparkSpreadSunEdison
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