Sunedison Inc Hits New 52-Week High at $13.96 (SUNE)
Shares of Sunedison (NASDAQ:SUNE) hit a new 52-week high during trading on Thursday, StockRatingsNetwork reports. The stock traded as high as $13.96 and last traded at $13.86, with a volume of 13,197,238 shares trading hands. The stock had previously closed at $13.05.
A number of analysts have recently weighed in on SUNE shares. Analysts at Goldman Sachs Group Inc. initiated coverage on shares of Sunedison in a research note to investors on Thursday, November 14th. They set a “buy” rating and a $13.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Sunedison in a research note to investors on Monday, November 11th. They now have a $13.00 price target on the stock. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Sunedison has a consensus rating of “Buy” and a consensus target price of $14.57.
Sunedison has a one year low of $3.27 and a one year high of $13.83. The stock’s 50-day moving average is $12.77 and its 200-day moving average is $9.66. The company’s market cap is $3.711 billion.
SunEdison Inc, formerly MEMC Electronic Materials, Inc, is engaged in the development, manufacture and sale of silicon wafers.
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