Seeking Alpha

Goldman pulls SunEdison from Conviction Buy list

  • Goldman's move comes a day after SunEdison (SUNE -0.4%) sold off in response to its Q1 results, which were accompanied by an increase in the company's solar project pipeline and a decrease in its backlog. Separately, Needham has cut its PT by $1 to $22.
  • SunEdison, beloved by David Einhorn, is down 22% from a March 6 high of $21.93, but still up over 3x from a 52-week low of $5.
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Comments (1)
  • SpoiledRottenBrat
    , contributor
    Comments (636) | Send Message
     
    I bought 10,000 shares of SUNE at $4.01 in April 2013 and sold at $4.54 (8 days later) - hoping to BUY them back at $4 again.

     

    SUNE is not making money, and missing expectations every quarter it seems. SUNE can trade below $10 a share again, IMO, and those odds are unfavorable for investors and traders, IMO. http://bit.ly/1rJMBqX
    11 May 2014, 08:01 AM Reply Like
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