Let’s take a serious look at the Buzz for SUNE. SunEdison Inc. (NYSE: SUNE) is a stock that took a very serious hit this year. All year it was rising and rising. Around mid-July the bottom fell out and shares sold off all the way from $33.45 to just $6.56 on September 29th. That was a massive 80.39% loss for those that bought at the high and sold at the low, which probably nobody really did. Those that did sell, probably lost 35% to 50% of their short term gains.
Could this recover even part of the way to the $33.45 level? JP Morgan says maybe, and considers the shares to be presently deeply undervalued. While I don’t completely agree with the analysts rationale, we ‘re not Buzzing here about my thoughts. Let’s get the Buzz from investors.
Zacks thinks it’s going no where fast…
Sunedison Downgraded to Sell at Zacks $SUNE http://t.co/wzsecdV9Qj
— The Legacy News (@thelegacynewswi) October 13, 2015
Here’s Seeking Alpha on the JP Morgan report:
JPMorgan hikes SunEdison target to $21, calls shares deeply undervalued http://t.co/NUFai1aiVf $SUNE
— Breaking News (@MarketCurrents) October 9, 2015
Another Seeking Alpha:
SunEdison Becomes A Buy Again http://t.co/f1jEWgMedi $GLBL $TERP $VSLR $SUNE
— Seeking Alpha (@SeekingAlpha) October 8, 2015
Mary the Trader banked some bucks, guess she’s not sticking around:
That morning went so smoothly! Made $575 in two hours trading almost exclusively $SUNE!
— Mary The Trader (@MaryTheTrader) October 7, 2015
While this mentions SUNE only briefly, it does lay-out the risks of solar quite well:
Solar Industry Self-Regulation Is Doomed To Failure http://t.co/JmNSj7tZJt $NRG $RUN $SUNE $TERP $VSLR $SCTY
— Seeking Alpha (@SeekingAlpha) October 7, 2015
Nathan got paid…
$SUNE pay day !
— Nathan Michaud (@InvestorsLive) October 7, 2015
Mary, earlier, with an “I Told You So”
Told you $SUNE would be money! #daytrading
— Mary The Trader (@MaryTheTrader) October 7, 2015
Faris Sleem sorry he missed the 6’s, but did get in the 7’s for a LONG TERM HOLD. It’s paying off now, he notes:
$SUNE in the 6’s was a steal. Wasn’t quick enough but snagged some 7’s for a long term hold – paying off now.
— Faris Sleem (@SleemStockPicks) October 7, 2015
Final Take on SUNE: Interesting story on Solar from 247wallst.com:
Short Sellers Stay Away From Solar Stocks, Add to Alt Energy Positions
The bottom line of the story, be careful assuming every solar stock is a short. You might get sunburn!