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Investment analysts at Wells Fargo & Co. began coverage on shares of Sunedison (NASDAQ:SUNE) in a note issued to investors on Monday. The firm set an “outperform” rating on the stock.

Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup Inc. initiated coverage on shares of Sunedison in a research note on Monday. They set a “neutral” rating on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Sunedison in a research note on Monday. They now have a $35.00 price target on the stock, up previously from $13.00. They noted that the move was a valuation call. Finally, analysts at Stifel Nicolaus initiated coverage on shares of Sunedison in a research note on Wednesday, May 28th. They set a “hold” rating on the stock. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the company. Sunedison has a consensus rating of “Buy” and a consensus price target of $23.24.

Shares of Sunedison (NASDAQ:SUNE) traded up 10.93% during mid-day trading on Monday, hitting $21.51. The stock had a trading volume of 20,864,978 shares. Sunedison has a 1-year low of $6.24 and a 1-year high of $21.93. The stock’s 50-day moving average is $19.10 and its 200-day moving average is $16.77. The company’s market cap is $5.761 billion. Sunedison also was the target of unusually large options trading activity on Monday. Investors acquired 107,892 call options on the stock. This represents an increase of approximately 605% compared to the typical volume of 15,298 call options.

Sunedison (NASDAQ:SUNE) last released its earnings data on Thursday, May 8th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by $0.08. The company had revenue of $546.50 million for the quarter, compared to the consensus estimate of $593.88 million. The company’s revenue for the quarter was up 33.9% on a year-over-year basis. Analysts expect that Sunedison will post $-0.36 EPS for the current fiscal year.

In other Sunedison news, Director Steven Vincent Tesoriere unloaded 6,000,000 shares of Sunedison stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $19.43, for a total transaction of $116,580,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

SunEdison Inc, formerly MEMC Electronic Materials, Inc is engaged in the development, manufacture and sale of silicon wafers.

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