Reportedly, SunEdison Inc.’s SUNE yieldCo -- TerraForm Global Inc. GLBL -- completed the acquisition of a 100% equity interest in Alto Cielo, S.A. Per the deal, TerraForm Global purchased the 26.4-megawatt (MW) solar power project under construction in Uruguay from a Spanish developer Solarpack Corp. Tecnologica SL. The full terms of the deal were not disclosed. The definitive agreement between the two companies was initially signed on May 7, 2015. The Alto Cielo project is located in Uruguay. It is contracted under a U.S. dollar-denominated, 28-year PPA with the National Administration of Power Plants and Electrical Transmissions (UTE), Uruguay's state-owned utility. The acquisition is in line with TerraForm Global’s efforts to stay aloof from activities related to SunEdison. Reuters said last week, “TerraForm Global Inc. on Monday sued its controlling shareholder, SunEdison, accusing the cash-strapped solar power plant builder of diverting $231 million of the company's cash to pad its balance sheet rather than to finish important projects in India.” What’s worse, SunEdison tanked, after TerraForm Global Inc. recently warned that the company is at a “substantial risk” of bankruptcy. Adding to the woes, lately a few reports also point out that the solar energy company may get delisted from the New York Stock Exchange (NYSE) due to “abnormally low” traded share price. Per NYSE rules, non-compliance occurs if a company’s average closing share price over a 30-day period is less than $1.00. Things turned worse after the company sought more time to file its 10-K with the Securities and Exchange Commission (SEC). The stock has been on a downtrend since the second half of 2015 as investors have become increasingly cautious over the company’s ability to finance its projects. Last year, the company made a string of buyouts to expand its global operations and become the world’s leading renewable energy developer. Vivint Solar Inc. VSLR had earlier terminated the deal related to its acquisition by SunEdison as the latter failed to meet certain obligations. We note that SunEdison has been struggling to finance its projects due to high debt as a result of a string of buyouts, including First Wind and Solar Grid Storage, made over the past one year. Bottom Line According to a Bloomberg report, “At the yieldcos, at some point they need to get into self-preservation.” We believe that the move will help its yielco company to pull itself apart from the troubled company, SunEdison. Further, we do not expect this Zacks Rank #3 (Hold) stock to gain much in the near future. TerraForm Global currently carries a Zacks Rank #4 (Sell) Investors may instead consider a better-performing stock in the alternative energy industry such as SunPower Corp. SPWR, which carries a Zacks Rank #1 (Strong Buy). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report VIVINT SOLAR (VSLR): Free Stock Analysis Report SUNEDISON INC (SUNE): Free Stock Analysis Report SUNPOWER CORP-A (SPWR): Free Stock Analysis Report TERRAFORM GLBL (GLBL): Free Stock Analysis Report To read this article on Zacks.com click here.