For the week, the shares have seen a percentage change of 2.33%.A block trade of $(-2.15) million in net money flow was also recorded during the day. 5 analysts have rated the shares as a strong buy. Finally, Cowen and Company reaffirmed an “outperform” rating and set a $35.00 price objective on shares of Sunedison in a report on Tuesday. Baird’s target price would suggest a potential upside of 37.93% from the stock’s previous close.
SunEdison remains loss making during its project expansion phase and had around US$1.3 billion in cash and cash equivalents at the end of the second quarter as well as around US$10 billion in debt.
The company now has an average rating of Buy and a consensus target price of $32.53. The higher price target estimate is at $42 while the lower price estimates are fixed at $24.
Shares of SunEdison, Inc. Goldman Sachs is one of the largest infrastructure fund managers globally, having raised over $11 billion of capital since the inception of the business in 2006. The company had a trading volume of 24,689,118 shares. The Company’s Semiconductor Materials segment includes the manufacture and sale of silicon wafers to the semiconductor industry.
The world’s biggest renewable-energy developer is forming an investment vehicle with a Goldman Sachs Group fund, according to a statement Monday. The solar systems are on the Call Right Projects List for TerraForm Power, an owner and operator of clean energy power plants. Solar energy services that integrate the look, installation, funding, monitoring, operations as well as maintenance parts of the downstream solar market for the Company’s customers are provided by the Company’s Solar Energy segment. The Company’s wafers vary in size, surface features, composition, purity levels, crystal properties and electrical properties. In July 2014, the Company acquired 50% interest in Silver Ridge Power LLC (SRP) from a subsidiary of AES Corp. More specifically, the WSIP Warehouse will build and hold assets in advance of drop down to SunEdison’s yieldco vehicle TerraForm Power Inc (NASDAQ:TERP).