Home Technology SunEdison Flies Sky-High on Acquisition Deal

SunEdison Flies Sky-High on Acquisition Deal

Sunedison Inc (NYSE:SUNE), Allied Nevada Gold Corp. (NYSEMKT:ANV) and InvenSense Inc (NYSE:INVN) hit midday in the green this Tuesday. Globalstar, Inc. (NYSEMKT:GSAT), Cal Dive International, Inc. (OTCMKTS:CDVI) and Amicus Therapeutics, Inc. (NASDAQ:FOLD), on the other hand, are in the red.

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SunEdison Surges

Sunedison Inc (NYSE:SUNE) surged +25.05% early in the day on the heels of news that it will acquire First Wind in a $2.4 billion deal. The solar energy company, a billionaire favorite, is in the portfolios of hedge fund magnates David Einhorn, Leon Cooperman and Dan Loeb, among others. It’s climbed +60.84% this year.

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Allied Nevada Gold Corp. (NYSEMKT:ANV) got a +10.78% boost today thanks to gold price increases. John Paulson has maintained a position in the gold and silver producer across several quarters, and George Soros initiated a position in the company in Q2.

Up +8.05% midday, InvenSense Inc (NYSE:INVN) has bounced a bit today, though it’s still down-25.89% for the year. The company, which is rumored to be a potential Qualcomm acquisition candidate, has been in Soros’ portfolio since the start of 2014.

Globalstar Tumbles Following CEO’s CNBC Stop

Globalstar, Inc. (NYSEMKT:GSAT) tumbled -8.57% today, just 24 hours after company CEO Jay Monroe paid a visit to CNBC to defend the stock. The George Soros pick has climbed +48% YTD.

Cal Dive International, Inc. (OTCMKTS:CDVI) dipped -5.69%, bringing its five-day loss to -35.56%. The marine contracting company has had a brutal 2014, its price falling -97.11% since the start of the year.

The share price of Amicus Therapeutics, Inc. (NASDAQ:FOLD) fell -5.67% today, coming back down a bit after yesterday’s surge. The stock has surged an impressive +171.06% YTD.

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