SunEdison Announces Dominion Partnership in 420 Megawatt, Four Brothers Solar Project in Utah
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RBC Capital Cuts Price Target on SunEdison (SUNE) as it Prepares for 'Perfect Storm'
August 13, 2015 7:21 AM EDTRBC Capital maintained an Outperform rating on SunEdison (NYSE: SUNE), and cut the price target to $24.00 (from $36.00), as the company prepares to weather a "perfect Storm". Analyst Mahesh Sanganeria said that multiple events including the sharp decline in crude price, risk aversion from... More
SunEdison (SUNE), Dominion (D) Enter Joint Venture for 420-MW Four Brothers Project
August 12, 2015 4:19 PM EDTSunEdison (NYSE: SUNE) announced they have signed a definitive agreement with Dominion (NYSE: D), one of the nation's largest producers and transporters of energy, establishing a joint venture (JV) for Four Brothers, a 420 megawatt (MW) DC, or 320 megawatt AC, solar project in Utah, developed by SunEdison. The project is now under construction and fully financed with an expected commercial operation date of mid-2016. The Four Brothers project is contracted under long-term power purchase agreements for 20 years with PacifiCorp (A-/A3), a subsidiary of Berkshire... More
