Sunedison Inc. (fka SUNEQ)

[WoahBucks]

The Bottom Line on SUNE Stock

Some hedge fund managers have also noticed the value in SunEdison. In the third quarter of 2015, billionaire hedge fund manager Steve Cohen of Point 72 Asset Management increased its stake in SUNE by 258% to 7.9 million shares, valued at approximately $56.7 million. During the same period, D.E. Shaw, another billionaire investor, increased his holding of SUNE by 58%, bringing his total shares to 2.674 million, valued at around $19.2 million. (Source: “Form 13F,” U.S. Securities & Exchange Commission, last accessed December 3, 2015.)
The company might have not done well in the past, but with the smart money building positions, SUNE stock may see a turnaround ahead.