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SunEdison (SUNE) Stock Jumps on CEO's Comments

The Street - 3 Sep 2015 21:30
NEW YORK (TheStreet) -- Shares of SunEdison were gaining 10.2% to $11.89 on heavy trading volume Thursday after the CEO of the solar energy company promised the company will see cash flow by 2016 or late 2015. "The most important question for investors is when do we start generating cash for a living," CEO Ahmad Chatlila told Bloomberg. "I have said it's at the end of 2016 or early 2017. But we've been signaling it's going to be a lot sooner than that, probably early 2016 or late 2015." The ca...
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