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SunEdison’s Plunge Baffles Analysts Who See Market ‘Disconnect’

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SunEdison Inc. sank the most in almost 14 years after the world’s biggest clean-energy developer reported record growth, leaving analysts scratching their heads.

“We have been receiving a lot of calls on today’s sell-off of SunEdison,” Mahesh Sanganeria at RBC Capital Markets said in a note to clients Thursday. “We expected the stock to react positively.”