Baird Trims PT on SunEdison (SUNE) to $10; Q3 Showed Strong Deployments, but Pipeline, Backlog Declined
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Go back to Baird Trims PT on SunEdison (SUNE) to $10; Q3 Showed Strong Deployments, but Pipeline, Backlog Declined
November 11, 2015 12:33 PM EST
The bloodletting in SunEdison (NYSE: SUNE) won't end. Shares are down another 16%, down 35% since Friday, down 48% over the last month, 64% over 3-months, 83% over 6-months.
Talk on the Street the past couple days is that David Einhorn and other hedge funds are throwing in the towel.
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November 11, 2015 9:35 AM EST
UBS Analyst, Julien Dumoulin-Smith, highlighted the 5 key factors in SunEdison (NYSE: SUNE) weakness in a concise note:
1) lower margins on retained projects than expected ($0.26/W) vs. overall 2016 margin expectations of $0.36/W;
2) Mgmt... More
November 11, 2015 6:59 AM EST
Needham & Company analyst Y. Edwin Mok slashed his price target on SunEdison (NYSE: SUNE) to $10.00 (from $18.00) following Q3 results but maintained a Buy rating saying the company is making progress.
Mok commented, "SUNE's 3Q15 report highlighted the strategic shift toward more third-party... More
November 10, 2015 2:06 PM EST
Deutsche Bank reiterated a Buy rating on SunEdison (NYSE: SUNE) with a price target of $28. Analyst Vishal Shah called weakness a buying opportunity.
Shah explained, "Combination of perceived increase of complexity of the core business along with TERP's involvement in the warehouse equity... More
November 10, 2015 1:53 PM EST
Chatter on the Street is that David Einhorn may have finally thrown in the towel on SunEdison (NYSE: SUNE) today. Volume at 86M is 2.5x full day norm already.
Einhorn held 24.8 million shares at the end of June.
As recently as... More
November 10, 2015 6:52 AM EST
(Updated - November 10, 2015 7:07 AM EST)
SunEdison (NYSE: SUNE) reported Q3 EPS of ($0.91), which may not compare with the analyst estimate of ($0.69). Revenue for the quarter came in at $476 million versus the consensus estimate of $438.5 million.
SunEdison Development: Continued...
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