SunPower to build 19MW solar power system in Nevada SunPower has been selected by NV Energy to build a 19-megawatt solar photovoltaic power system at Nellis Air Force Base in Nevada. The system is expected to be constructed next year, contingent on contract approval by Nevada's Public Utilities Commission. According to estimates provided by the U.S. Environmental Protection Agency, the completed plant will offset the annual production of almost 27,000 tons of carbon dioxide emissions.
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.