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Actionable news in SUNE: SUNEDISON Inc,

SunEdison up 4.4% after Einhorn defense, report of potential deal exit

"Taking into account the more conservative business plan, when we look through the complicated financials we believe that SUNE’s development business is poised to have economic earnings in 2016 of about $1.34 per share, assuming that TERP and GLBL do not regain access to the capital markets," writes David Einhorn, defending SunEdison (NYSE:SUNE) following a plunge that has taken over 2/3 of its equity value.

Einhorn argues investor confusion regarding the nature of SunEdison's relationships with its TerraForm Power (NASDAQ:TERP) and TerraForm Global (NASDAQ:GLBL) YieldCos has contributed to its selloff. "First, when SUNE sells a project to TERP or GLBL it bears the operating costs but...


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