The analyst firm began its coverage of the stock with a "hold" rating.
Brean Capital analysts also initiated coverage of SunEdison competitor SunPower (SPWR), giving the company a "buy" rating. Analyst Michael Gaugler said the company could surpass expectations thanks to market share increases in the Asia-Pacific region and growth the region's solar market, which could also benefit other solar companies like SunEdison.
SunEdison recently completed the sale of its 20MW Adobe Solar Facility to Southern Power as part of a partnership with Turner Renewable Energy.
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TheStreet Ratings team rates SUNEDISON INC as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:
"We rate SUNEDISON INC (SUNE) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. Among the primary strengths of the company is its solid stock price performance. At the same time, however, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity."