SunEdison (SUNE) Warehouse Facility Addresses Liquidity Concerns, Baird Says

Needham & Company Raises Price Target on SunEdison (SUNE) Following Recent Financing

Needham & 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

New Warehouse Facility for SunEdison (SUNE) Should Address Liquidity Concerns - Cowen

Cowen 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) to File to Offer $500M of Perpetual Convertible Preferred Stock

SunEdison (NYSE: SUNE) announced today that it intends to file a prospectus supplement to a registration statement filed on Form S-3 with the U.S. Securities and Exchange Commission ("SEC"), relating to a proposed underwritten public offering of shares of perpetual convertible preferred stock,... More

SunEdison (SUNE) Announce Formation of $1B Construction and Operating Asset Facility

SunEdison, 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