December 13, 2015 at 1:29 am by Jay Smith in Hedge Funds,News,Tech >>>>>>>> Because of liquidity concerns, shares of Sunedison Inc (NYSE:SUNE) are down by over 80% year-to-date. Analysts are still bullish, however, as Deutsche Bank has a ‘Buy’ rating with a $9 price target on the stock, while Bank of America has a ‘Buy’ rating and a $12 price target. Analysts believe Sunedison can make it past its liquidity troubles and the recent news certainly isn’t proving the analysts wrong. Earlier in the week, SunEdison amended its Vivint Solar Inc (NYSE:VSLR) acquisition, which has been pointed to as the straw that broke the liquidity camel’s back. The amended deal with Blackstone will allow SunEdison to pay $2.00 less in cash per share and $0.75 more in stock per share. SunEdison also recently sold 333 MW of wind plants in Maine to Terra Nova Renewable Partners, a joint venture formed with investors of JPMorgan Asset Management, in a move that will raise $209 million in liquidity.
