SunEdison Enters into Agreement to Sell 425 MW to TerraForm Global

Needham & Company Positive on SunEdison (SUNE) Steps to Improve Operating Structure

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... More

Moody's Lowers TerraForm AP's Senior Secured Debt Rating to 'Ba3'; Outlook to Negative (TERP) (SUNE)

Moody's Investor Service (Moody's) downgraded TerraForm AP Acquisition Holdings, LLC's (TerraForm AP) rating on its senior secured debt to Ba3 from Ba2 and changed the outlook to negative.

..Issuer: TerraForm AP Acquisition Holdings, LLC

Downgrades:

....Senior Secured Bank Credit Facility, Downgraded to Ba3 from Ba2

Outlook Actions:

....Outlook, Changed To Negative From Stable

RATINGS RATIONALE

TerraForm AP's downgrade to Ba3 from Ba2 incorporates our view that the diminished financial strength at TerraForm Power (TERP, not rated) and its subsidiary, TerraForm Power Operating, LLC's (TPO: B2, negative) greatly reduces the prospects for future sales by... More

SunEdison (SUNE) YieldCos on Watch Amid Short Squeeze (GLBL) (TERP)

SunEdison (NYSE: SUNE) YieldCos on watch with shares blasting through $4 on a short squeeze.

SUNE YieldCos: TerraForm Global (NASDAQ: GLBL), TerraForm Power (NASDAQ: TERP)

SunEdison (SUNE) Announcements Remove Several Overhangs - Deutsche Bank

SunEdison's (NYSE: SUNE) announcements this morning -- including resolution of its $410 million margin loan, selling 425MW of projects to Terraform Global (Nasdaq: GLBL), and signing a 6.2MW 20 year PPA with L.A. County -- are positive for SunEdison and TerraForm Power (NASDAQ: TERP) shareholders, according Deutsche Bank analyst Vishal Shah.

The analyst explained, "SunEdison made several announcements this morning, including resolution of the ~$410M margin loan, selling ~425MW of projects to Terraform Global, and signed... More

SunEdison (SUNE) to Sell 425 MW to TerraForm Global (GLBL)

SunEdison, Inc. (NYSE: SUNE), the largest global renewable energy development company and TerraForm Global, Inc. (Nasdaq: GLBL), a globally diversified owner and operator of clean energy projects, today announced that they have entered into an agreement for SunEdison to sell TerraForm Global a series of projects located in India for the... More