UPDATE: Goldman Sachs Reiterates on SunEdison as CFO Meetings Suggest More Volume and Value Accretion
In a report published Thursday, Goldman Sachs analyst Brian Lee reiterated a Conviction List-Buy Rating on SunEdison (NYSE: SUNE), and raised the price target from $13.00 to $15.00.
In the report, Goldman Sachs noted, “Following investor meetings with SunEdison's CFO on Wednesday, November 13, we come away incrementally more positive about (1) near-term MW volumes and (2) the potential for the company to increasingly monetize projects at higher value via retaining assets on its balance sheet. Based on our revised assumptions for SunEdison's solar business, we update our model and highlight the value creation potential that public vehicles – asset securitization and/or yieldco(s) – represent as solar financing evolves.”
SunEdison closed on Wednesday at $13.20.
Latest Ratings for SUNE
|Aug 2014||FBR Capital||Maintains||Outperform|
|Aug 2014||Cowen & Company||Initiates Coverage on||Market Perform|
|Jul 2014||Axiom||Initiates Coverage on||Buy|
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