SunEdison (NYSE:SUNE) Rating Reaffirmed
In a comprehensive report issued to investors and clients on 10 December, The Buy rating of SunEdison (NYSE:SUNE) shares was maintained by BofA Merrill, who now has a $12 price target on the stock. BofA Merrill’s price target implies a possible upside of 201.51% from the close price of the company.
From a total of 14 analysts covering SunEdison Inc (NYSE:SUNE) stock, 12 rate it a ”Buy”, 0 a “Sell”, and 4 a ”Hold”. This means that 75% 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 $15.64 with a 395.97% above today’s ($3.97) stock price. SunEdison Inc was the topic of 39 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. UBS downgraded shares on November 25 to “Sell” rating. UBS maintained shares with “Neutral” rating and $6.0 target share price in a report from a November 11. Axiom Capital downgraded SUNE stock in a recent report from November 12 to “Sell” rating. JP Morgan maintained the rating on September 29. JP Morgan has a “Overweight” rating and a $19 price target on shares. Finally, RBC Capital Markets maintained the stock with “Outperform” rating in a report issued on a November 11.
Approximately 9.28M shares of stock traded hands. Sunedison Inc (NYSE:SUNE) has declined 85.84% since May 7, 2015 and is downtrending. It has underperformed by 83.90% the S&P500.
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 $1.25 billion. 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.
According to Zacks Investment Research, “SunEdison Inc. is involved in the energy industry. It operates in two segments: semiconductor materials and solar energy. The Company manufactures and sells wafers and related products to the semiconductor and solar industries. It has projects in Europe, Latin America and the Middle East. The company serves commercial, government and utility customers. SunEdison, Inc., formerly known as MEMC Electronic Materials, Inc., is headquarters in St. Peters, Missouri.” Get a free copy of the Zacks research report on Sunedison Inc (SUNE).