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Fly News Breaks for August 31, 2015
SUNE
Aug 31, 2015 | 06:27 EDT
JPMorgan analyst Paul Coster started shares of SunEdison with an Overweight rating and $24 price target. The developer and seller of photovoltaic energy solutions closed Friday up 21c to $10.31. The company is well positioned to capture "meaningful share" of the $100s of billions of annual cash flow that will be generated from the global operation of wind, solar and hydro assets, Coster tells investors in a research note. The analyst views the recent pullback in shares as overdone.
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