SunEdison (SUNE) Price Target Slashed at Oppenheimer; Bullish Stance Maintained

Avondale Partners Upgrades SunEdison (SUNE) to Market Outperform

Avondale Partners upgraded SunEdison (NYSE: SUNE) from Market Perform to Market Outperform with a price target of $7.00.

For an analyst ratings summary and ratings history on SunEdison click here. For more ratings news on SunEdison click here.

Shares of SunEdison closed at $3.34 yesterday.

Tepper's Appaloosa Revisits Demands for TerraForm Power (TERP), SunEdison (SUNE) Books

David Tepper's Appaloosa files a new 13D with a new letter related to TerraForm Power (NASDAQ: TERP) and SunEdison (NYSE: SUNE). The firm revised its demand for access to corporate books and records pursuant to Section 220 of the General Corporation Law of the State of Delaware.

The purpose of this demand is to enable ALP and the Funds to investigate potential wrongdoing by SUNE and/or the Board in connection with the Subject Transactions and the Interim Agreement. As explained below, this potential wrongdoing consists of... More

Credit Suisse More Constructive on SunEdison (SUNE) Despite Dilution

Credit Suisse analyst P. Jobin cut his price target on SunEdison (NYSE: SUNE) to $19.00 (from $25.00) but maintained an Outperform rating. Jobin notes the cash infusion increases flexibility although the high financing costs and dilution frustrates investors.

"In typical SunEdison fashion, a set of rather complex and optically onerous transactions were announced yesterday," Jobin commented. "The company raised a second-lien term facility and exchanged a portion of the existing convertible debt for equity. The headline figures were not great, including an effective > 20%... More

SunEdison (SUNE) Enters ~1-MW Power Purchase Agreement with Watervliet, New York

SunEdison, Inc. (NYSE: SUNE) announced that it has signed a 20-year power purchase agreement with Watervliet, New York for close to 1 megawatt DC of solar power. The solar power will be used in all city-owned buildings, including City Hall, the fire station and the library. The agreement with SunEdison is expected to save Watervliet taxpayers more than $1 million in energy costs over the next 20 years.

"SunEdison solar power is a great way for cities across the U.S. to... More

SunEdison (SUNE) to Remain Volatile, Needham & Company Says; Upside Seen to $7

Needham & Company analyst Y. Edwin Mok lowered his price target on SunEdison (NYSE: SUNE) to $7.00 (from $10.00) but maintained a Buy rating after the company announced the pricing of $725MM of Second Lien Term Loans and a series of exchange agreements of its Convertible... More

Axiom Capital Upgrades SunEdison (SUNE) to Hold; But Still Sees 40% Downside

Axiom Capital upgraded SunEdison (NYSE: SUNE) from Sell to Hold but maintained its price target of $2.00, or 40% downside.

Analyst Gordon Johnson said while the company claims its recent action reduces debt, they see the refinancing as "shockingly" diluted and adding to debt.... More

SunEdison's (SUNE) Continues to Improve Liquidity and Deleverage - RBC Capital

RBC Capital analyst Mahesh Sanganeria weighed in on SunEdison (NYSE: SUNE) announced issuance of $725M second lien secured term loan and a series of exchange transactions.

The firm believes all the transactions demonstrate progress in improving the companys liquidity position and deleveraging... More

SunEdison (SUNE) Prices $725M Second Lien Secured Term Loans, Enters Exchange Agreements

SunEdison, Inc. (NYSE: SUNE) announced today the pricing of $725 million of Second Lien Secured Term Loans and also that it has entered into a series of exchange agreements with certain holders of its Convertible Senior Notes due 2018, 2020, 2022 and 2025 and its Perpetual Convertible Preferred Stock (the "2018 Notes," "2020 Notes," "2022 Notes," "2025 Notes," and "Preferred Stock," respectively), under which such holders have agreed with the Company to certain exchange transactions as described below ("the Exchange Transactions"). The Exchange Transactions and funding of the amounts under the Second Lien Facilities (collectively the "Transactions") are expected to close on January 11, 2015,... More