SunPower to Sell Stake in Solar Farm to Its 8Point3 YieldcoBy
8Point3 expects an equity offering to help fund acquisition
JP Morgan increases price target after yieldco raises guidance
SunPower Corp. agreed to sell its 49 percent stake in a 102-megawatt solar farm in California to 8Point3 Energy Partners LP, a yieldco it co-founded with fellow manufacturer First Solar Inc. 8point3 also raised revenue guidance for 2016.
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