Share on StockTwits

Shares of Sunedison (NYSE:SUNE) have earned an average rating of “Buy” from the ten analysts that are currently covering the stock, reports. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $20.17.

A number of analysts have recently weighed in on SUNE shares. 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. Analysts at Needham & Company LLC cut their price target on shares of Sunedison from $23.00 to $22.00 in a research note on Friday, May 9th.

Sunedison (NYSE:SUNE) opened at 22.15 on Wednesday. Sunedison has a one year low of $6.24 and a one year high of $22.65. The stock has a 50-day moving average of $19.21 and a 200-day moving average of $16.96. The company’s market cap is $5.932 billion. Sunedison also was the recipient of a large increase in short interest during the month of May. As of May 30th, there was short interest totalling 67,830,286 shares, an increase of 5.3% from the May 15th total of 64,438,340 shares. Based on an average daily volume of 10,213,877 shares, the days-to-cover ratio is currently 6.6 days. Currently, 25.5% of the shares of the company are short sold.

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

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.