Diamonds and Dogs
11/18/14
SunEdison Inc. (SUNE)SunEdison is shining today, up 29.20% to $21.46. The solar energy and semiconductor company saw its shares skyrocket after news that it would acquire First Wind for $2.4 billion. The deal will allow for SunEdison to get into wind energy and help to increase its green installations from 1.6 to 1.8 GW to 2.1 to 2.3 GW. SunEdison will have a new subsidiary called TerraForm Power Inc., which will acquire 521 megawatts of contracted wind generation assets from First Wind. Shares of SunEdison climbed nearly $5.00 today but were still well off of their 52-week high of $24.35.
Neostem Inc. (NBS)
Neostem is getting crushed today, down 29.79% to $4.76. The stem-cell research company saw its shares drop after negative trial results. For the Phase II trial of its cardiac stem-cell therapy (NBS10), the company missed two primary endpoints. NeoStem's trial used non-invasive imaging to monitor blood flow through the heart six months after a one dose of NBS10 or a placebo. The study showed no difference between NBS and placebo. Shares of Neostem fell over $2.00 today and set a new 52-week low of $4.50 intraday.
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