I have a year end price target of $45.00. A lot of upside to this, that's for certain. The spin off will kata pole them, yes indeed. This Saudi deal is icing on the cake:
Saudis tap SunEdison for massive solar PV factory, Credit Suisse ups target
•Saudi Arabia, long synonymous with oil, may have its sights set on solar power, as Saudi officials signed an agreement yesterday with SunEdison (SUNE +1%) to explore building a massive solar panel factory in the kingdom.
•The proposed $6.4B plant would produce enough PV solar modules each year to generate 3 GW of electricity - roughly the output of three nuclear reactors.
•The deal prompts Credit Suisse to raise its price target on SUNE to $17/share from $14 “to reflect an increased confidence in SunEdison’s ability to successfully execute on their downstream development initiatives."