SunEdison and J.P. Morgan Asset Management-Infrastructure Investments Announce a Strategic Equity Partnership

Needham & Company Cuts Price Target on SunEdison (SUNE) Following Cash Flow Analysis

Needham & Company maintained a Buy rating on SunEdison (NYSE: SUNE), and cut the price target to $26.00 (from $31.00), following a cash flow analysis.

Analyst Edwin Mok commented, "Shares of SUNE recently rebounded a little but remains substantially below levels seen just a... More

SunEdison (SUNE) Deals Seen as Positive at Deutsche Bank

Deutsche Bank maintained a Buy rating on SunEdison (NYSE: SUNE) with a price target of $28. Earlier SunEdison and Dominion (NYSE: D) announced a joint venture (JV) for the Three Cedars solar project. SunEdison also announced a strategic partnership with institutional investors advised by J.P. Morgan Asset Management to fund renewable energy... More

SunEdison (SUNE), Dominion (D) Enter Partnership Covering Three Cedars Solar Project

SunEdison (NYSE: SUNE) and Dominion (NYSE: D) announced a joint venture (JV) for the Three Cedars solar project, a 265 megawatt (MW) DC, or 210 MW AC, solar project in Utah, developed by SunEdison. The announcement marks the expansion of a joint venture recently announced regarding Dominion's investment in the 420 MW DC Four Brothers solar project in Utah.

Similar to Four Brothers, the Three Cedars project is contracted under long-term power purchase agreements for 20 years with PacifiCorp (A-/A3), a subsidiary of Berkshire Hathaway Energy. The project is now under... More

SunEdison (SUNE) to acquire 33% Stake in 425-MW of Dominion Resources' (D) Solar Projects

Dominion Resources (NYSE: D) that it has agreed to enter into a partnership with SunEdison, Inc. (NYSE: SUNE), in which it would sell 33 percent of its ownership in 425 megawatts of solar generating capacity for approximately $300 million, subject to working capital and certain other adjustments. Under the terms of the agreement, SunEdison has a future option to buy all or a portion of Dominion's remaining 67 percent ownership.

Included in the agreement are 24 projects in... More