Reeling 8% this morning from a nasty competitor downgrade after yesterday's 37% pop, Needham & Company views recent steps by SunEdison (NYSE: SUNE) as positive to improve the operating structure and address liquidity concerns.

"We see the management shake-up at the board level and the yieldcos, the drop down of higher yield projects to GLBL [N/R], and SUNE's pay down of the margin loan as positive signs that SUNE is responding to investor concerns regarding its liquidity and cash flow generation," Y. Edwin Mok commented. "The stock has rebounded 46% since last Friday's close, which we believe was largely due to short covering. As SUNE continues to improve the operation structure, we see potential for shares to move higher given the depressed levels."

The firm reiterating a Buy rating and price target of $10 on SUNE.

For an analyst ratings summary and ratings history on SunEdison click here. For more ratings news on SunEdison click here.

Shares of SunEdison closed at $4.12 yesterday.

Analyst Comments

UBS Downgrades SunEdison (SUNE) to SellNovember 25, 2015 6:55 AM SunEdison (SUNE) YieldCos on Watch Amid Short Squeeze (GLBL) (TERP)November 24, 2015 3:23 PM SunEdison (SUNE) Shorts SqueezedNovember 24, 2015 2:46 PM SunEdison (SUNE) Announcements Remove Several Overhangs - Deutsche BankNovember 24, 2015 1:39 PM SunEdison (SUNE) to Sell 425 MW to TerraForm Global (GLBL)November 24, 2015 9:27 AM SunEdison Enters into Agreement to Sell 425 MW to TerraForm GlobalNovember 24, 2015 9:27 AM Form 8-K SUNEDISON, INC. For: Nov 19November 24, 2015 9:24 AM SunEdison (SUNE) Enters Agreement to Sell Solar Projects in India (GLBL)November 24, 2015 9:22 AM Form 8-K SUNEDISON, INC. For: Nov 20November 24, 2015 9:21 AM SunEdison (SUNE) Announces Pay Down of Margin Loan by SubsidiaryNovember 24, 2015 9:09 AM SunEdison (SUNE) Reports Pay Down of Margin LoanNovember 24, 2015 9:09 AM SunEdison Announces Pay Down of Margin LoanNovember 24, 2015 9:08 AM SunEdison (SUNE) Signs 20-Year, 6.2MW Purchase Agreement with LA CountyNovember 24, 2015 7:11 AM SunEdison Signs 6.2 Megawatt Solar Power Deal with L.A. CountyNovember 24, 2015 7:05 AM SunEdison (SUNE) to Cancel Continuum Deal; Plans to Sell 400-MW of India Solar AssetsNovember 24, 2015 6:24 AM Market Wrap: Pfizer, Allergan Make it Offiical; Icahn Gets Active on Xerox; Existing Sales Slump in Oct.November 23, 2015 5:26 PM SunEdison (SUNE) Enters Into Amendment No. 2 to Margin Loan and Letter AgreementsNovember 23, 2015 5:12 PM Form 8-K SUNEDISON, INC. For: Nov 17November 23, 2015 5:01 PM Moody's Downgrades Terraform Power (TERP) and Terraform Global (GLBL) to B2 CFR on Parent Weakness, Negative Rating OutlookNovember 23, 2015 3:51 PM Buy SunEdison (SUNE) YieldCos Following Management Change - Avondale (TERP) (GLBL)November 23, 2015 9:56 AM SunEdison's (SUNE) Problems Can Be Solved, Says Deutsche BankNovember 23, 2015 9:13 AM