The series of storms continues to bring snow to the Sierra, with one part in the Mammoth Lakes area accumulating 20 inches.
According to the National Weather Service, the Mt. Rose ski resort saw 12 inches, Incline Village saw 7 inches and Alpine Village saw 6 inches. The weather service said the totals marked one of the biggest single storms the region has seen in several years. [Ever since the earth quit warming about 19 years ago, I suppose.]
The storm also brought heavy rain to coastal areas of Northern California. In Monterey, San Benito, Santa Cruz and Santa Clara counties, more than an inch of rain fell in some areas. The Bay Area saw less rainfall but more than 500 lightning strikes. Strong wind gusts also were reported, according to the National Weather Service.
Despite revenues increasing more than expected, shares tank. Business Insider is reporting:
SunEdison shares dropped by more than 22% in trading on Tuesday.Data points:
The renewable-energy firm reported third-quarter results before the market open, and posted a wider-than expected loss (excluding some items) of $0.92, versus the estimate for $0.65, according to Bloomberg.Revenues of $476 million beat the consensus forecast for $452.6 million.
- at $5.59/share; lowest in more than two years
- announced last month to lay off 15% of its workforce
- major investor: hedge fund, Greenlight Capital
- Greenlight Capital recorded its worst monthly performance since October, 2008, most due to SunEdison
- shares popped by as much as 6% on October 30, 2015, on rumors that another hedge fund billionaire had bought a position in SunEdison