A research note by Guggenheim Securities says that the discounted sales of NRG Yield and 8point3 Energy Partners show how difficult it has been for investors to accurately value yieldcos, and undermines confidence.
On the heels of its acquisition by Brookfield, the yieldco is putting its financial house in order.
Despite a challenging financial environment, NRG continues its solar expansion, including an increasing presence in community solar.
The Arizona-headquartered solar power company wants to strategically align its resources to support its new Series 6 module, and thus seeks sale of its stake in the joint SunPower yieldco. SunPower reaffirms belief that the yieldco can deliver long-term assets and growth.
Brookfield has agreed to acquire a 51% stake in yieldco TerraForm Power and plans to become the company’s sponsor, as well as acquiring TerraForm Global outright.
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