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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.© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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