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Fly News Breaks for October 7, 2015
SUNE
Oct 7, 2015 | 13:10 EDT
Janney Capital analyst Michael Gaugler lowered his fair value estimate for SunEdison to $20 after the company issued a preliminary Q3 cash balance of $1.38B and lowered its 2016 MW guidance. The analyst says he expected both the margin call on the company's loan and subsequent announced revisions that SunEdison alluded to on today's call. He keeps a Buy rating on the name.
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