UPDATE 2-SunEdison expects to be cash positive through 2016

Wed Oct 7, 2015 12:40pm EDT
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* Company to cut costs, streamline operations

* Says terminated agreement to buy Latin American Power

* Cuts 2016 production forecast to 3.3-3.7 GW from 4.2-4.5

* Shares rise as much as 16 pct (Adds details, analyst comment)

Oct 7 (Reuters) - Solar company SunEdison Inc said on Wednesday it was on track to be cash positive throughout next year, assuaging investor concerns about its liquidity and "yieldco" model.

SunEdison's shares rose as much as 16 percent to $10.07.

The company, which said two days ago that it would cut 15 percent of its workforce, has reported negative cash flow from operating activities for the past four years, according to Thomson Reuters data.

SunEdison also said on Wednesday that it had terminated an agreement to buy renewable energy company Latin American Power.

The Wall Street Journal first reported late on Tuesday that the company would end a $700 million agreement to buy Latin American Power, an owner of wind and hydropower projects in Chile and Peru.   Continued...