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Sunedison (NASDAQ:SUNE) Director Clayton C. Daley, Jr. acquired 5,000 shares of the company’s stock on the open market in a transaction that occurred on Thursday, August 14th. The shares were purchased at an average price of $21.02 per share, with a total value of $105,100.00. Following the completion of the purchase, the director now directly owns 5,000 shares in the company, valued at approximately $105,100. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.

A number of research firms have recently commented on SUNE. Analysts at Cowen and Company initiated coverage on shares of Sunedison in a research note on Tuesday. They set a “market perform” rating and a $20.00 price target on the stock. Separately, analysts at Goldman Sachs initiated coverage on shares of Sunedison in a research note on Tuesday. They set a “buy” rating and a $21.65 price target on the stock. Finally, analysts at Zacks reiterated an “underperform” rating on shares of Sunedison in a research note on Monday. They now have a $19.00 price target on the stock. Two analysts have rated the stock with a sell rating, four have issued a hold rating and fourteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $24.22.

Sunedison (NASDAQ:SUNE) traded up 0.05% during mid-day trading on Friday, hitting $21.34. The stock had a trading volume of 8,620,294 shares. Sunedison has a 1-year low of $6.24 and a 1-year high of $24.35. The stock’s 50-day moving average is $21.84 and its 200-day moving average is $19.33. The company’s market cap is $5.738 billion. Sunedison also saw unusually large options trading activity on Thursday. Stock traders acquired 41,552 call options on the company. This is an increase of 126% compared to the average daily volume of 18,424 call options.

Sunedison (NASDAQ:SUNE) last released its earnings data on Thursday, August 7th. The company reported $0.12 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.28) by $0.40. The company had revenue of $557.50 million for the quarter, compared to the consensus estimate of $571.80 million. During the same quarter in the previous year, the company posted ($0.19) earnings per share. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. On average, analysts predict that Sunedison will post $-0.59 earnings per share for the current fiscal year.

SunEdison Inc, formerly MEMC Electronic Materials, Inc, incorporated on October 1, 1984, is engaged in the development, manufacture and sale of silicon wafers.

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