Baron Funds Comments on SunEdison Inc.

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Aug 19, 2015

Shares of renewable energy company SunEdison, Inc. rose during the second quarter on the announcement of several acquisitions in emerging markets and an IPO filing for TerraForm Global, SunEdison’s emerging market “yieldco.” SunEdison also announced that it is considering a general partnership structure to better recognize the value of the incentive distribution rights it will receive for its yieldcos. These announcements were viewed positively as investors gained confidence that the company will successfully execute on its strategy. (Jamie Stone)

From Baron Funds’ second quarter 2015 commentary.