Sunedison Inc. (fka SUNEQ)

[OTCdoc]

FBR Capital Initiate Positive Ratings On Three Energy Stocks: Sunedison Inc $$$$$ Scott Fields, Editor — December 18, 2015, 3:26 PM EDT FBR Capital analyst Carter Driscoll came out yesterday with new ratings and price targets on a handful of energy stocks. Lets take a look and see what Driscoll has to say about Sunedison Inc (NYSE:SUNE), >>>>>>>> Driscoll initiated coverage on shares of SunEdison with an Outperform rating and price target of $10.50, which implies an upside of 62% from current levels.

Driscoll wrote, “We believe SunEdison has one of the best business portfolios in the industry, consisting of solar upstream manufacturing assets, a large global pipeline with strong project origination, development capabilities, and the potential to monetize the value of its project pipeline through multiple financing options. However, faced with challenging capital markets, the company just undertook a shift in strategy that involves more third-party project and warehouse sales (versus asset dropdowns into its Yield Cos.), a focus on driving margin expansion and closing/integrating a somewhat controversial acquisition of residential solar developer, Vivint Solar.”

“We believe there are some early signs that the company is beginning to execute on the new strategy. We believe the company still faces some execution risks and is not suited for all investors, but the proposed ITC extension helps provide a tailwind to U.S. solar demand and could help unlock more value in the shares,” the analyst added.

Out of the 14 analysts polled by TipRanks in the last 3 months, 9 rate SunEdison stock a Buy, 3 rate the stock a Hold and 2 recommend a Sell. With a return potential of 81.47%, the stock’s consensus target price stands at $13.93.
http://www.smarteranalyst.com/2015/12/18/fbr-capital-initiate-positive-ratings-and-price-targets-on-three-energy-stocks-sunedison-inc-sune-fuelcell-energy-inc-fcel-canadian-solar-inc-csiq/