FBR Capital Says Its Time To “Outperform” SunEdison (NYSE:SUNE). Will Stock Hit Their Target of $10.5?


Why Has FBR Capital Given SunEdison (NYSE:SUNE) a $10.5 Price Target

FBR Capital has just issued a “Outperform” rating for SunEdison (NYSE:SUNE) shares. The firm began issuing coverage on shares of SUNE in analysts note made public on 18 December. This target PPS indicates upside of 68.00% from the last stock close of SunEdison (NYSE:SUNE).

From a total of 14 analysts covering SunEdison Inc (NYSE:SUNE) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN 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 $15.46 with a 208.17% above today’s ($6.24) stock price. SunEdison Inc was the topic of 40 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. Bank of America maintained shares on December 10 with “Buy” rating. UBS maintained shares with “Neutral” rating and $6.0 target share price in a report from a November 11. JP Morgan downgraded SUNE stock in a recent report from November 20 to “Neutral” rating. RBC Capital Markets maintained the rating on November 11. RBC Capital Markets has a “Outperform” rating and a $20 price target on shares. Finally, Needham maintained the stock with “Buy” rating in a report issued on a November 11.

The stock increased 0.56% or $0.03 during the last trading session, striking $6.24. Approximately 7,800 shares of stock traded hands. Sunedison Inc (NYSE:SUNE) has declined 78.42% since May 15, 2015 and is downtrending. It has underperformed by 74.61% 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 $1.97 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.”