It would take 5.3 days for 69,000,000 shrs to be covered by the shorts. They better hope a panic doesn't ensue. JMO
SUNE UPGRADED $35.00 Price Target
.Deutsche Bank upgraded SunEdison (NYSE: SUNE) from Hold to Buy with a price target of $35.00 (from $13.00).
check my posts, don't be short. JMHO
At the end of Q1 2015, Solarbuzz forecasts that the 12-month total will be over 50,000 MW! For 2014, Solarbuzz is maintaining its forecast of 49,000 MW. However, it wouldn't be surprised to see the world surpass that.
SunEdison's efforts to maximize retained value will continue in the second quarter as it commits more resources to building and holding its projects. This is a smart move from the company, as the solar market is expanding rapidly, which might result in more value for its retained projects in the future as demand increases.
A strong pipeline and construction activity
The company is focusing on three business elements that will enable it to create more value: rapid growth, high value per watt, and a strong balance sheet. During the first quarter, it retained projects in order to maximize value and NPV per watt. Additionally, construction activity for new projects remained strong, with over 460 megawatts under construction at the end of the quarter. It added about 80 new projects in diverse markets, such as the U.S., Japan, the U.K., India, Latin America, and Canada, to its pipeline.