SunEdison Rises as Cowen Upgrades ‘Undervalued’ Shares
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SunEdison Inc., the best-performing solar company this year, rose the most in three months after Cowen & Co. upgraded the shares and raised the target price.
SunEdison gained 6.7 percent to $16.62 at the close in New York, the biggest gain since Aug 7. The St. Peters, Missouri-based solar power supplier and manufacturer has climbed 27 percent this year, the most on the Bloomberg Intelligence Global Large Solar index of 21 companies.