+ Watch SUNE
on My Watchlist
The Company is a worldwide producer of wafers for the semiconductor industry.
Growth is becoming attractive.
SunEdison (SUNE) is a solar company that changed its name from MEMC Electronic Materials a few years back to reflect its change in focus from being a pure silicon ingot and wafer manufacturer to a focus on delivering turn-key solar power installations.I wouldn't have recommended this company last year or even two years ago, since revenues have been weak, plus EPS have been negative in the last 5 quarters. However, I think looking into the future, there is much opportunity for this stock.SunEdison has been bidding aggressively for large-scale solar projects worldwide, especially in India. As a country, India is planning on builing 20,000 megawatts of solar generating capacity by 2022. SunEdison already is currently contracted to install a 159 kilowatt micro-grid project and this is just the beginning. It's not going to happen overnight, but I'm betting that the fundamentals (revenue, earnings and valuations) will eventually come into line with projected success in the future.
S&P 5 star 19.47
Based on rec by Kirk Spano.
Spinoffs of the semiconductor business and a Yield Co in the coming months should benefit Sunedison. Jason
Solar market.. & Growth prospects..
This stock has had it ups & downs seems it is a crazy stock to understand bought it for my ira at $4.5 road it to $15 then drop back to $13 then to $ 11 but with the reports i read staying it is going to $20 bought again for my ira
shaky making this pick but until sentiment chanes it'll continue up.
Solar market + semiconductor + spinoff in early Jan 14
it's been riding the sooalr train. It'll jump the tracks when the true winners (few) are separated from the losers.
Solar is the future.
"MEMC Electronic Materials Misses Where it Counts" : fool.com/investing/general/2013/05/09/memc-electronic-materials-misses-where-it-counts.aspx "The 10-second takeaway: For the quarter ended March 31 (Q1), MEMC Electronic Materials beat slightly on revenues and missed expectations on earnings per share. Compared to the prior-year quarter, revenue shrank significantly. Non-GAAP loss per share dropped. GAAP loss per share didn't move. Gross margins expanded, operating margins grew, net margins dropped."
Net profits are falling and stiff competition within this industry.
Fossil fuels can't last forever
WFR just introduced the innovative MEMC Silvantis M330 Solar Module. It is the first product to be manufactured exclusively with MEMC-produced polysilicon and CCz p-type mono wafers leveraging the company's strategic vertical integration. The 16.9% module efficiency delivers over 5% savings per watt BOS improvement over multi-crystalline. Through its wholly-owned SunEdison subsidiary, MEMC is also a developer of solar power projects and a global leader in solar energy services, and as such has a built-in channel for the utilization of their solar modules.
Solar EPC - engineering, procurement and construction - are the place to be as these companies have just started to rebound after restructuring and absorbing the costs of industry shake out courtesy of China panel makers. Solar installations are growing at a high rate and companies that can design and install utility and commercial grade projects will do well, i.e. WFR, FSLR, GE, SPWR... I have been aggressively selling puts and have a 4% long position established recently.
In 5 years everything will go up.
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