Analysts Set Sunedison Inc (NASDAQ:SUNE) Price Tar
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Posted by Taylor Nule on Apr 1st, 2016 // No Comments
Sunedison logoSunedison Inc (NASDAQ:SUNE) has been given an average rating of “Hold” by the twenty-two ratings firms that are covering the firm, Analyst Ratings Net reports. Four analysts have rated the stock with a sell rating, nine have given a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $11.90.
Shares of Sunedison (NASDAQ:SUNE) opened at 0.5402 on Tuesday. Sunedison has a 12 month low of $0.45 and a 12 month high of $33.45. The firm’s market cap is $171.09 million. The stock’s 50 day moving average price is $1.62 and its 200-day moving average price is $4.77.
Several analysts have recently weighed in on SUNE shares. RBC Capital reaffirmed a “buy” rating and set a $36.00 price objective on shares of Sunedison in a report on Wednesday, December 9th. Credit Suisse reaffirmed a “positive” rating on shares of Sunedison in a report on Wednesday, December 9th. Robert W. Baird reaffirmed a “positive” rating on shares of Sunedison in a report on Thursday, December 10th. Bank of America dropped their price objective on shares of Sunedison from $15.00 to $12.00 and set a “buy” rating for the company in a report on Thursday, December 10th. Finally, Deutsche Bank reaffirmed a “buy” rating and set a $9.00 price objective on shares of Sunedison in a report on Thursday, December 10th.
An institutional investor recently raised its position in Sunedison stock. Essex Investment Management Co. LLC increased its stake in shares of Sunedison Inc (NASDAQ:SUNE) by 73.6% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,084,439 shares of the company’s stock after buying an additional 459,768 shares during the period. Sunedison comprises approximately 0.9% of Essex Investment Management Co. LLC’s portfolio, making the stock its 29th largest position. Essex Investment Management Co. LLC owned about 0.34% of Sunedison worth $5,520,000 at the end of the most recent quarter.
SunEdison, Inc (NASDAQ:SUNE) is a developer and seller of photovoltaic energy solutions, an owner and operator of clean power generation assets, and a developer and manufacturer of silicon wafers. The Company operates in three segments: Solar Energy, TerraForm Power and Semiconductor Materials through SunEdison Semiconductor Ltd.
12 Month Chart for NASDAQ:SUNE
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