Sunedison Inc (NASDAQ:SUNE) Given Average Rating of “Hold” by Analysts
Sunedison Inc (NASDAQ:SUNE) has been given an average rating of “Hold” by the eighteen research firms that are presently covering the stock. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $7.43.
Separately, Vetr cut Sunedison from a “strong-buy” rating to a “hold” rating in a report on Monday, June 6th.
Shares of Sunedison (NASDAQ:SUNE) remained flat at $0.34 during midday trading on Tuesday. Sunedison has a 12 month low of $0.20 and a 12 month high of $33.45. The company’s 50-day moving average is $1.08 and its 200-day moving average is $3.79.
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Large investors have recently bought and sold shares of the stock. Metropolitan Life Insurance Co. NY raised its position in shares of Sunedison by 2.9% in the first quarter. Metropolitan Life Insurance Co. NY now owns 297,424 shares of the company’s stock worth $161,000 after buying an additional 8,306 shares during the last quarter. Exane Derivatives raised its position in shares of Sunedison by 36,777,300.0% in the first quarter. Exane Derivatives now owns 367,774 shares of the company’s stock worth $199,000 after buying an additional 367,773 shares during the last quarter. Janney Montgomery Scott LLC raised its position in shares of Sunedison by 13.1% in the second quarter. Janney Montgomery Scott LLC now owns 39,214 shares of the company’s stock worth $200,000 after buying an additional 4,554 shares during the last quarter. Renaissance Technologies LLC purchased a new position in shares of Sunedison during the first quarter worth $440,000. Finally, State Street Corp raised its position in shares of Sunedison by 8.0% in the first quarter. State Street Corp now owns 8,326,051 shares of the company’s stock worth $4,502,000 after buying an additional 620,070 shares during the last quarter.
SunEdison, Inc (SunEdison) is a developer and seller of photovoltaic energy solutions, an owner and operator of clean power generation assets, and a developer and manufacturer of silicon wafers. The Company operates in three segments: Solar Energy, TerraForm Power and Semiconductor Materials through SunEdison Semiconductor Ltd.
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