The stock that burned 2 hedge fund billionaires is getting decimated
David Einhorn of Greenlight Capital and Leon Cooperman of Omega Advisors both lamented their stakes in SunEdison, a manufacturer of solar-energy components, earlier this month.
The share price at the time was $16.80.
It has almost halved since then, dropping 18% on Tuesday alone. It is now trading at $8.80.
"The losses were broad-based, but the biggest loss is coming from SunEdison," Einhorn said of SunEdison's effects on Greenlight's portfolio in his most recent investor letter.
Cooperman, for his part, asked SunEdison's executives if they would consider buying back stock during the company's last earnings call with investors.
It's unclear if they're still in the stock, but if they are, they may be inquiring about those buybacks again.
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- A centenarian who starts her day with gentle exercise and loves walks shares 5 longevity tips, including staying single
- 2 states where home prices are falling because there are too many houses and not enough buyers
- "To sit and talk in the box...!" Kohli's message to critics as RCB wrecks GT in IPL Match 45
- 7 Nutritious and flavourful tiffin ideas to pack for school
- India's e-commerce market set to skyrocket as the country's digital economy surges to USD 1 Trillion by 2030
- Top 5 places to visit near Rishikesh
- Indian economy remains in bright spot: Ministry of Finance
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market