SunEdison and Investment Funds Managed by Goldman Sachs Announce Formation of $1 Billion Construction and Operating Asset Facility
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Baird Cuts Price Target on TerraForm Power (TERP) to $32 on Long-Term Growth Concerns
August 19, 2015 7:46 AM EDTBaird maintained an Outperform rating on TerraForm Power (NASDAQ: TERP), and cut the price target to $32.00 (from $45.00), on long-term growth concerns. Analyst Ben Kallo said that a declining share price has significantly increased the cost of equity, and could impact TERP's ability to... More
Needham & Company Raises Price Target on SunEdison (SUNE) Following Recent Financing
August 19, 2015 6:43 AM EDTNeedham & Company reiterated a Buy rating on SunEdison (NYSE: SUNE), and raised the price target to $31.00 (from $30.00), following recent rounds of financing. Analyst Edwin Mok believes that the recently completed 2 rounds of financing is needed to fund the 2016 growth target, as well as to shore up the company's balance sheet. The recent decline... More
SunEdison (SUNE) Warehouse Facility Addresses Liquidity Concerns, Baird Says
August 18, 2015 6:29 AM EDTBaird analyst Ben Kallo reiterating a Neutral rating and $35 price target on SunEdison (NYSE: SUNE) after the company announced a construction warehouse facility providing $1B of liquidity, which will help SUNE complete projects in 2016. The facility will address liquidity concerns.
Kallo... More
New Warehouse Facility for SunEdison (SUNE) Should Address Liquidity Concerns - Cowen
August 17, 2015 5:56 PM EDTCowen analyst Jeffrey Osborne reiterated his Outperform rating and $35 price target on SunEdison (NYSE: SUNE), saying the new $1 billion warehouse facility should alleviate liquidity concerns.
Osborne commented, "unEdison bolstered the breadth and depth of its financing options with the announcement of a... More
SunEdison (SUNE) Announce Formation of $1B Construction and Operating Asset Facility
August 17, 2015 4:09 PM EDTSunEdison, Inc. (NYSE: SUNE) and West Street Infrastructure Partners III ("WSIP") and affiliates, today announced the formation of a new $1 billion warehouse investment vehicle, the WSIP Warehouse, to fund construction costs and to acquire operating assets. TerraForm Power, Inc. (Nasdaq: TERP), a global owner and operator of clean energy power plants, will have an exclusive call right over the warehoused assets.
The WSIP Warehouse is a $1 billion investment vehicle with $300 million equity committed, subject to certain conditions, by... More
