Sunrun stock tumbles in wake of SEC investigation

Shares of residential solar company Sunrun fell nearly 10% in trading yesterday after news broke of the investigation by the US Securities and Exchange Commission (SEC) on whether the company adequately disclosed how many customers had cancelled contracts.

Brookfield proposes takeover of SunEdison yieldcos

Canada’s Brookfield Asset Management has proposed a takeover of TerraForm Power and TerraForm Global – either by buying out 100% of the company for cash, or purchasing its existing Class A and Class B shares and replacing SunEdison as sponsor.

Azure Power stock plunges in NYSE debut

Shares of the Delhi-based energy firm Azure Power Global dropped in its debut on the New York Stock Exchange (NYSE) yesterday, coming in at US$16.12 from the issue price of US$18, before dropping further to US$15.45.