SunPower announces expanded partnership with KB Home SunPower (SPWR) announced a new collaboration with its partner KB Home (KBH) to install energy storage solutions at certain KB Home locations in California as part of a pilot program. SunPower currently offers its solar power systems to purchasers of new homes in more than 150 KB Home communities; this new pilot program expands the partnership.
SunEdison selloff continues, shares down 23% Shares of SunEdison (SUNE) continue to be weak and are down 23% to $3.49 in afternoon trading. Dan Loeb's Third Point last night disclosed it no longer owns the stock while David Einhorn's Greenlight Capital disclosed a reduced stake. Deutsche Bank analyst Vishal Shah lowered his price target for SunEdison this morning to $16 saying language in Vivint Solar's (VSLR) quarterly filing around SunEdison debt financing could concern some investors. SunEdison's solar peers are also weak, with SunPower (SPWR), First Solar (FSLR) and SolarCity (SCTY) all in the red.