Market Overview

SunEdison Rallies Off New Deal, Debt Repayment


SunEdison Inc (NYSE: SUNE) shares are trading higher by $0.64 at $3.64. Investors are warming up to the issue as the company has announced a solar power deal in L.A. County, termination of Continuum acquisition, sale of solar capacity in India and payments on it margin load.

The string of good news instigated a higher open that was short-lived. The ensuing decline took the issue within $0.14 of Monday's close ($3) before resuming its rally.

It just surpassed its four-day high at $3.60. The intra-day high based on the daily chart does not come until its five-day high of $4.60.

Joel Elconin is the co-host of Benzinga's #PreMarket Prep, a daily trading idea radio show.

Do you like this article? Do you have suggestions for improvement? Please email

Posted-In: Premarket outlookTechnicals Intraday Update Movers Trading Ideas


Related Articles (SUNE)

View Comments and Join the Discussion!
Lightning Fast
Market News Service
$199 Free 14 Day Trial
Book A Demo
Learn How You Can Succeed In The Market With Benzinga Pro

Fastest Market News

Real-Time News Alerts

Customizable News Filters

Book A Demo

Anthony Grisanti Wants To Sell The Rally In Crude Oil

Here's How The S&P 500 Historically Performs During Thanksgiving Week