By Lee Jackson August 12, 2015 8:25 am EDT
Micron Technology, SunEdison, Other Top Oversold Stocks 24/7 Wall St.
This top solar company is down over 50% in just three short weeks, after pushing higher since the beginning of the year. SunEdison Inc. manufactures solar technology and develops, finances, installs and operates distributed solar power plants, delivering predictably priced electricity and services to its residential, commercial, government and utility customers. SunEdison also provides 24/7 asset management, monitoring and reporting services for hundreds of solar systems worldwide via its Renewable Operation Center. SunEdison and its yieldco, TerraForm Power, signed a definitive agreement in November to acquire First Wind for a total sum of $2.4 billion. The combined entity became one of the largest clean energy companies in the world.
The company recently bought Vivint Solar in a cash, stock and convertible securities deal. The Wall Street chatter is investors are wary of the buying binge and do not feel the company has the profits to support all the transactions. Plus, when it reported revenues last week it was higher than last year, but the net loss was massive.
RBC still has the stock rated as a Buy, with a $36 price target. The consensus target is $32. The shares closed Tuesday at an incredibly low $13.35.
I'll take $28
Posted by Jim Brewer on Aug 12th, 2015
analysts at Deutsche Bank decreased their price objective on shares of Sunedison from $45.00 to $28.00. The brokerage currently has a “buy” rating on the stock. Deutsche Bank’s target price points to a potential upside of 109.74% from the stock’s previous close.
I haven't seen a breakup fee mentioned, just a cost associated with lack of securing funding for the acquisition.
What's going to happen is the analysts will manipulate and all will issue their "oversold' and "buy" ratings on the stock over the next couple of weeks to help out their hedge fund buddies who are way under water on the stock
If the company was to go BK I wouldn't happen until well into 2016 ..there will be plenty of opportunities to trade the stock before then. FYI- nobody on the street is talking BK..only a couple of anonymous message board posters
All the solar stocks are getting whacked today ...I think that is adding to the selloff
What was the stock price when Larry became CEO? I would say that the 'little people' at CVS who get stock options are sitting pretty right now
CVS Health spokesman Michael DeAngelis said the Rhode Island-based company had not been served with the lawsuit, so it couldn't comment on it. He said co-pays are determined by a patient's prescription coverage plan and added that a similar suit in Massachusetts was dismissed.
I thought they were holding out for more money? Why did it take so long to get what the street suspected? It's still some coin in the bank for the ALU purchase.
clone14u • Feb 6, 2014 2:09 PM Flag
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clone said SHORT CVS @71.57 on January 2,2014- bashersuit "bonked out"-clone wins
check mate weeney