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Fly News Breaks for September 29, 2015
TERP, GLBL, SUNE
Sep 29, 2015 | 07:58 EDT
JPMorgan analyst Paul Coster lowered his price target for SunEdison (SUNE) to $19 after cutting his estimates for the company's two YieldCos, TerraForm Global (GLBL) and TerraForm Power (TERP). The analyst attributes the 37% pullback in shares over the past few days to concern over the company's $40M margin loan, collateralized by Class B shares of TerraForm Power. Coster keeps an Overweight rating on SunEdison.
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