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Fly News Breaks for August 13, 2015
SUNE
Aug 13, 2015 | 07:10 EDT
According to RBC Capital, the market expects the yieldco business model to fail. However, the firm thinks that SunEdison can keep its yieldco intact until the cost of raising equity for yieldcos normalizes. The firm expects the company's yieldcos to meet their 2016 dividend guidance. It cut its price target on the name to $24 from $36 but keeps an Outperform rating on the shares.
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