Sunedison: Here’s Why the Stock Crashed Today

Over the past 12 months, the SUNE stock is down by 67.45 percent and has underperformed the Standard & Poor’s 500 Index. The highest target price is $42 while the lowest target price is $6.0.

The company has a total of 946.71 million outstanding shares and its total market capitalization is $1.81 million. The company has a stock’s lowest price point in the session stood at $5.55.

Shares of solar energy system developer and installer SunEdison (NYSE:SUNE) jumped almost 10% in Thursday’s shortened session after the company disclosed that it’s in talks for a substantial credit line as it powers ahead with an acquisition. (NYSE:SUNE) has been established at $12.05 per share. 52,999,883 shares of the stock traded hands.

SUNE has been the subject of several other research reports.

FreeSeas Inc (NASDAQ:FREE) on November 11, 2015 a transporter of dry-bulk cargoes through the ownership and operation of a fleet of Handysize vessels and an owner of a controlling stake in a company commercially operating tankers and dry-bulkers, announced that the Company-owned vessel M/V Free Neptune, a 1996-built, 30,838 dwt Handysize vessel, has contracted a voyage charter of approximately 35 days duration, yielding an estimated equivalent T/C rate of approximately $7,000 per day. This number is calculated by Zacks Research and is based on a simple 1 to 5 scale, where 1 represents a Strong Buy and 5 a Strong Sell. Of those sixteen, ten have a Buy rating, five have a Hold rating, and one has a Sell rating.

SunEdison, Inc. manufactures semiconductors and solar energy technology. During last six month period, the net percent change held by insiders has seen a change of 8.32%. The 52-week high of SunEdison, Inc.

SunEdison, Inc.is a developer and seller of photovoltaic energy solutions, an owner and operator of clean power generation assets, and a developer and maker of silicon wafers. The company is working on produce, develop and market silicon wafers.

Hedge fund billionaire David Tepper and Appaloosa Management want answers from TerraForm Power (TERP) about its dealings with SunEdison (SUNE). SunEdison was the first solar company to launch a yieldco in July previous year – a yieldco is a dividend growth-oriented company that groups, renewable or conventional long-term contracted operating assets to generate steady cash flows for investors. The Companys wafers vary in size, surface features, composition, purity levels, crystal properties and electrical properties.

The ratings agency also cited a similarly aggressive debt financing strategy in a recently restructured deal to acquire rooftop solar company Vivint Solar.