Are Sunedison Inc (SUNE) Shares Soon Going to Be Worthless?

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The last several amonths have been incredibly tough for shareholders of Sunedison Inc (NYSE:SUNE). As if the rout amoung solar stocks was not enough to make one’s stomach churn, a line of lawsuits and lack of confidence in the company’s viability seem to be feeding off one another.

Yesterday the stock dipped to new all time lows after Latin America Power BV sued the company claiming that they are owed $150 million as part of an arbitration deal required after Sunedison Inc (NYSE:SUNE) backed out of the purchase of their company.

Today the stock is down significantly once more, hitting yet another new all time low as investors seem to want nothing to do with the stock. At this point, with a market cap of just $516 million, and trading at a fraction of the $33.45 high shares reached back in July of last year, investors must ask themselves if this stock is now oversold on panic trading. The stock is down 20.10% or $0.41 following the news, hitting $1.63 per share. Approximately 6.30 million shares traded hands. SUNE shares have declined 93.02% since July 9, 2015 and are currently downtrending. It has underperformed the S&P500 by 84.15%.

From a total of 16 analysts covering SunEdison Inc (NYSE:SUNE) stock, 11 rate it a “Buy”, 1 a “Sell”, and 4 a “Hold”. This means that 69% of the ratings are positive. The highest target price is $42 while the lowest target price is $2. The mean of all analyst targets is $16 which is 881.60% above today’s ($1.63) stock price. SunEdison Inc was the topic of 45 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. Avondale upgraded shares on January 8 to a “Mkt Outperform” rating. JP Morgan maintained shares with a”Overweight” rating and a $19 target share price in their report from a September 29. Needham maintained SUNE stock in a recent report from January 8 with a “Buy” rating. S&P Research maintained the rating on September 9. S&P Research has a “Strong Buy” rating and a $32 price target on shares. Finally, FBR Capital initiated the stock with a “Outperform” rating in a report they issued on a December 18.

SunEdison, Inc. is a developer and seller of photovoltaic energy solutions, an owner and operator of clean power generation assets, and a developer and maker of silicon wafers. The company has a market cap of $516.61 million. The Firm operates in three divisions: Solar Energy, TerraForm Power and Semiconductor Materials through SunEdison Semiconductor Ltd. (SSL). It currently has negative earnings. The Company’s Solar Energy segment provides solar energy services that integrate the design, installation, financing, monitoring, activities and maintenance portions of the downstream solar market for the Company’s customers.

#focuskw=’Sunedison Inc (NYSE:SUNE)’##metadesc=’The last several amonths have been incredibly tough for shareholders of Sunedison Inc (NYSE:SUNE). As if the rout amoung solar stocks was not enough to make one’s stomach churn, a line of lawsuits and lack of confidence in the company’s viability seem to be feeding off one another. Yesterday the stock dipped to new all time lows after Latin America Power BV sued the company claiming that they are owed $150 million as part of an arbitration deal required after Sunedison Inc (NYSE:SUNE) backed out of the purchase of their company.Today the stock is down significantly once more, hitting yet another new all time low as investors seem to want nothing to do with the stock. At this point, with a market cap of just $516 million, and trading at a fraction of the $33.45 high shares reached back in July of last year, investors must ask themselves if this stock is now oversold on panic trading. ‘##metarobot=’index’##newskw=’Zafgen Inc positive news,Zafgen Inc – (NASDAQ:ZFGN),NASDAQ:ZFGN Analyst rating analysis,Stock Analysis,Outlook and potential,ZFGN Price change and trend,ZFGN stock update’##sitemap=’include’##skipsocial##stockticker=’NYSE:SUNE’#