This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Sunedison (SUNE) Gains Despite Revenue Miss

NEW YORK (TheStreet) -- Silicon wafer manufacturer Sunedison (SUNE - Get Report) is gaining on Wednesday despite posting quarterly results which missed on the top- and bottom-line.

By early morning, shares had added 3.2% to $15.66, with trading volume of 6.5 million more than half its three-month daily average of 10.6 million.

In the three months to December, the company recorded a net loss of 48 cents a share. Revenue increased 36.4% from the year earlier to $960.7 million. Analysts surveyed by Thomson Reuters had expected total sales of $1.06 billion.

"Lower revenue in the Semiconductor Materials segment was due to lower volumes and continued pricing pressures, influenced primarily by industry-related weakness," said the company in a statement.

Must Read: Why Knight Transportation (KNX) Was Downgraded

On Tuesday, Sunedison shares were soaring after the company announced it had confidentially filed an S-1 to publicly issue shares of an anticipated solar project. Shares closed 6.8% higher on the news.

The Missouri-based business will provide its first-quarter and full-year outlook at its Capital Markets Day on Feb. 25.

Must Read: SunEdison Announces Confidential Submission Of Draft Registration Statement By Yieldco Vehicle

Must Read: SunEdison Soars on IPO Announcement

TheStreet Ratings team rates SUNEDISON INC as a Hold with a ratings score of C-. The team has this to say about their recommendation:

"We rate SUNEDISON INC (SUNE) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, generally higher debt management risk and weak operating cash flow."

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
SUNE $11.67 8.20%
AAPL $110.28 -1.80%
FB $88.29 -1.80%
GOOG $606.85 -1.20%
TSLA $247.22 -0.19%

Markets

Chart of I:DJI
DOW 16,398.25 +46.87 0.29%
S&P 500 1,957.04 +8.18 0.42%
NASDAQ 4,752.6150 +2.6360 0.06%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs