Oct. 22 (Bloomberg) — SunEdison Inc., the best-performing
solar company this year, won an order to install 17.7 megawatts
of panels for public agencies at more than 30 sites in
Construction on the mix of rooftop, canopy and ground-mounted systems will begin by year-end and be complete by the
end of 2015, St. Peters, Missouri-based SunEdison said today in
a statement. Financial terms weren’t disclosed for the order,
which involves working with nine agencies in Alameda, Contra
Costa and San Mateo counties.
SunEdison and its TerraForm Power Inc. unit will own and
operate the solar arrays. David Einhorn, president of hedge fund
Greenlight Capital Inc., this week recommended buying shares in
both companies, saying SunEdison is worth $32 a share.
SunEdison climbed 0.4 percent to $19.12 at 10:27 a.m. in
New York. The stock has gained 47 percent this year, leading the
21-member Bloomberg Intelligence Global Large Solar index.
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Reed Landberg at
Tina Davis, Robin Saponar