Share on StockTwits

Equities researchers at Canaccord Genuity started coverage on shares of Sunedison (NASDAQ:SUNE) in a research report issued on Wednesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $30.00 price target on the stock. Canaccord Genuity’s price target would indicate a potential upside of 29.76% from the company’s current price.

SUNE has been the subject of a number of other recent research reports. Analysts at Needham & Company LLC raised their price target on shares of Sunedison to $26.00 in a research note on Wednesday, June 18th. Separately, analysts at Macquarie initiated coverage on shares of Sunedison in a research note on Tuesday, June 17th. They set an “outperform” rating on the stock. Finally, analysts at Goldman Sachs initiated coverage on shares of Sunedison in a research note on Tuesday, June 17th. They set a “neutral” rating on the stock. Two analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $24.22.

Sunedison (NASDAQ:SUNE) traded down 0.17% on Wednesday, hitting $23.08. The stock had a trading volume of 5,155,123 shares. Sunedison has a 52-week low of $6.24 and a 52-week high of $23.39. The stock has a 50-day moving average of $20.19 and a 200-day moving average of $17.6. The company’s market cap is $6.181 billion.

Sunedison (NASDAQ:SUNE) last posted its quarterly earnings results on Thursday, May 8th. The company reported ($0.25) EPS for the quarter, missing the Thomson Reuters 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 quarterly revenue was up 33.9% on a year-over-year basis. Analysts expect that Sunedison will post $-0.42 EPS for the current fiscal year.

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

The Fly On The Wall

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.