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8Point3 Energy Is Fairly Valued In The Event Of A Sale, Says JPMorgan
Tuesday, January 9, 2018 - 4:06pm | 4288Point3 Energy Partners LP (NASDAQ: CAFD) was initially founded as a joint venture yieldco between First Solar, Inc. (NASDAQ: FLSR) and SunPower Corporation (NASDAQ: SPWR) with the intention of buying solar assets from both entities and then paying up to 80 percent as a dividend. But now that First...
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Ex-NRG CEO Says Yieldco Model Isn't Working; Alternative Energy All Over The Place
Wednesday, April 6, 2016 - 11:02am | 717While yieldcos have garnered a positive reputation in the past as suitable investment vehicles, particularly for alternative energy, the model is far from perfect. At least, that may be the case for NRG Energy Inc (NYSE: NRG), "ousted" former CEO David Crane shared in a recent...
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Here's What YieldCo Investors Are Watching This Week
Monday, February 29, 2016 - 2:02pm | 403In a new report, Avondale Partners analyst Michael Morosi took a look at some of the market-moving headlines among YieldCos this week. According to Morosi, earnings will likely continue to be the market’s top concern. “YieldCo’s have delivered generally in-line reports with...
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Appaloosa Sues Sunedison; Stock Crashing
Wednesday, January 13, 2016 - 11:21am | 414Sunedison Inc (NYSE: SUNE)'s stock spiked down on Wednesday morning. Reuters reported that Appaloosa Management is suing the company. According to Reuters, Appaloosa Management, led by David Tepper, is suing SunEdison's YieldCo, TerraForm Power Inc (NASDAQ: TERP) from taking over...
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SunEdison Surges Following Agreement To Extinguish $336 Million Of Notes
Wednesday, December 30, 2015 - 11:53am | 231Shares of Sunedison Inc (NYSE: SUNE) surged higher by nearly 8 percent Wednesday morning following the company's announcement that it will extinguish $336 million of 2020 exchangeable notes. SunEdison noted that its whole-owned subsidiary, Seller Note LLC, entered into an agreement to...
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Sunpower CFO: Residential Demand Has Never Been Stronger
Friday, December 4, 2015 - 11:26am | 444SunPower Corporation (NASDAQ: SPWR)'s CFO, Chuck Boynton, spoke at the Credit Suisse 19th Annual Technology, Media and Telecom Conference on Wednesday. Boynton said the company has set an ambitious goal of tripling its volume and more than doubling its earnings. The executive also...
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Tepper Not Only Reason For TerraForm Price Explosion: This Analyst Upgraded Stock Night Before
Tuesday, December 1, 2015 - 1:16pm | 410Shares of TerraForm Power Inc (NASDAQ: TERP) gained more than 20 percent on Tuesday. Investors and traders attributed the surge in the stock to notable hedge fund manager David Tepper's letter to management. Perhaps flying under the radar, Colin Rusch of Oppenheimer upgraded shares of...
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David Tepper: SunEdison Is Holding Back TerraForm's Value
Tuesday, December 1, 2015 - 12:01pm | 613Shares of Sunedison Inc (NYSE: SUNE) have plunged nearly 85 percent over the past year. Hedge fund manager David Tepper delivered a scathing letter to the company's Board of Directors on Tuesday. Tepper highlighted the company's "strategic focus around acquiring projects...
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Solar Stocks Are Plummeting: Here's Why
Tuesday, November 10, 2015 - 1:24pm | 621Shares of Sunedison Inc (NYSE: SUNE) plunged more 20 percent on Tuesday, sending shock waves across the entire solar sector. Sunedison reported a loss of $0.91 per share in its third quarter, worse than the $0.69 loss per share analysts were expecting. Sunedison said in its quarterly report that...
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UBS Asks: Is It Time To Jump Into Solar?
Friday, August 21, 2015 - 10:34am | 651Shares of Canadian Solar Inc. (NASDAQ: CSIQ) plunged more than 20 percent on Thursday as the company stated it will explore alternative options to the YieldCo if market conditions remain unchanged. In a report published Friday, Julien Dumoulin-Smith explored if now is a good time for investors...
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Pros At Odds Over First Solar
Tuesday, August 4, 2015 - 11:20am | 530First Solar, Inc. (NASDAQ: FSLR) is scheduled to report its second-quarter results after Tuesday's market close. The Estimize community (based on 16 estimates) is expecting the company to earn $0.42 per share on revenue of $765.40 million. The Wall Street consensus estimate is also looking...
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Deutsche Bank Bullish On Solar Stocks, Notes 'Weakness Provides Good Entry Point'
Wednesday, July 1, 2015 - 8:50am | 301In a report published Tuesday, Deutsche Bank analyst Vishal Shah commented on the solar sector, noting that current weakness provides an "attractive" entry point for long-term investors. "We continue to view YieldCos as a significant growth catalyst for the solar and broader renewable sector and...
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UBS Asks If More YieldCos Will Enter The Market
Tuesday, June 30, 2015 - 10:49am | 349In a report published Monday, UBS analyst Julien Dumoulin-Smith commented on the U.S. solar sector, noting that TerraForm Power Inc (NASDAQ: TERP)/ Sunedison Inc (NYSE: SUNE) continue pursuing M&A activity, many competitors have struggled to match the pipeline discernibility. Dumoulin-Smith...
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Solar Stocks Mostly Higher After 8Point3 Energy IPO Valuation
Wednesday, June 10, 2015 - 1:10pm | 418Shares of First Solar, Inc. (NASDAQ: FSLR) and SunPower Corporation (NASDAQ: SPWR) were trading higher on Wednesday after the companies released details of a limited partnership to own and operate a portfolio of selected solar energy generation assets. The companies announced that it has...
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Sunedison To Spin Off Another Yieldco; Strikes Deal On Emerging Market Assets
Thursday, May 7, 2015 - 11:13am | 399Sunedison Inc (NYSE: SUNE) gained more than 8 percent Thursday after filed for an initial public offering of a unit that will run some of Sunedison's non-U.S. operations as a Yieldco. But stocks of a number of smaller, mostly China-based companies in the sector were trading lower...