Seeking Alpha

SunEdison up 7% as sell-side weighs in after Capital Markets Day

  • The company is on a path to generate its entire market cap in value over the next three years, says Credit Suisse, lifting its PT to a (by far) Street high $34 from $17.
  • Also positive is BAML which sees the next two catalysts being 1) a Q2 semiconductor IPO 2) a YieldCo offering mid-late 2014.
  • "Overall, the meeting confirmed our belief that SunEdison's (SUNE) unique structure of both selling and retaining projects will ultimately create more value than either approach alone," says Needham's Edwin Mok, boosting his PT to $20 from $18.
  • Shares +7% premarket
  • Yesterday's coverage
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