Billionaire hedge fund manager David Einhorn, pitched a packed Robin Hood Investors Conference to buy SunEdison (SUNE) as a long, Business Insider reports. The conference is closed to the media, but BI had an in.
As a result, the solar power semi-conductor’s stock jumped about 5%, making it the best performing solar stock of the year.
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Essentially, Einhorn said the stock was mispriced.
Oh, and Einhorn also mentioned Terrform Power (TERP) as a long, shooting that stock up 10% today.