April 25- At an early 2015 investor conference, SunEdison's then-chief financial officer, Brian Wuebbels, trumpeted the profit potential in the solar developer's relationship with a venture it had recently spun off. SunEdison had established TerraForm Power Inc as a "yieldco," a complex financing vehicle to purchase energy projects from SunEdison and other...
April 21- SunEdison Inc, once the fastest-growing U.S. renewable energy company, filed for Chapter 11 bankruptcy protection on Thursday after a short-lived but aggressive binge of debt-fueled acquisitions proved unsustainable. In its bankruptcy filing, the company said it had assets of $20.7 billion and liabilities of $16.1 billion as of Sept. 30.
SunEdison is one of the largest bankruptcies by asset value in a decade.
In its bankruptcy filing, the company said it had assets of $20.7 billion and liabilities of $16.1 billion as of Sept. 30. Shares of SunEdison were halted, and last traded at about 34 cents on the New York Stock Exchange. The company's stock traded as high as $33.44 in July 2015.
In its bankruptcy filing, the company said it had assets of $20.7 billion and liabilities of $16.1 billion as of Sept. 30. "Our decision to initiate a court-supervised restructuring was a difficult but important step to address our immediate liquidity issues," said Ahmad Chatila, SunEdison chief executive officer. Shares of SunEdison were halted, and last traded...
Traders seem encouraged by the recent bout of Chinese economic data. They may be wrong.
The departure of Tepper to Florida has gotten so much attention that lawmakers are calling for changing the state's tax structure.
CNBC's Robert Frank explains why billionaire hedge fund manager David Tepper is fleeing the Garden State for greener pastures in tax-friendlier Florida.
Wilmington, Del., April 4- TerraForm Global Inc on Monday sued controlling shareholder SunEdison Inc for misappropriating $231 million of TerraForm Global's cash, days after hedge fund billionaire David Tepper made similar accusations against the struggling renewable energy company. TerraForm Global said SunEdison, which is being investigated by...
Check out the companies making headlines after the bell Thursday: Starwood, Marriott, Tesla, SunEdison and more.
Check out the companies making headlines after the bell Thursday: Weight Watchers, Palo Alto Networks, Kraft Heinz, Gap and more.
Appaloosa Management's David Tepper is making a bet in energy, reports CNBC's Susan Li.
Appaloosa becomes the latest large financial firm to establish itself in the area.
John Watson, chairman and CEO of Chevron, discusses at length his views on oil and the energy market.
Hedge fund honcho lights into solar firm
Gordon Johnson, Axiom Capital, discusses hedge fund manager David Tepper's comments about Terraform's too-cozy relationship with SunEdison.
John Stumpf, chairman and CEO of Wells Fargo, discussed at length his views on the stock market and economy on Tuesday morning.
Robert Dammon, Dean of the Tepper School of Business at Carnegie Mellon, discusses David Tepper's investment in Carnegie Mellon's MBA program, and how technology is changing business.
Billionaire David Tepper tells CNBC that investors who bought into rumors he might take a position in SunEdison must be smoking too much pot.
David Tepper, whose firm Appaloosa Management has $20 billion under management, discussed at length what's next for the stock market with CNBC Friday morning.