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SunEdison (SUNE) Weak In Early Morning Trading

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Trade-Ideas LLC identified SunEdison ( SUNE) as a pre-market laggard candidate. In addition to specific proprietary factors, Trade-Ideas identified SunEdison as such a stock due to the following factors:

  • SUNE has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $198.6 million.
  • SUNE traded 73,404 shares today in the pre-market hours as of 8:36 AM.
  • SUNE is down 4.4% today from yesterday's close.

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More details on SUNE:

SunEdison, Inc. develops, manufactures, and sells silicon wafers to the semiconductor industry. The company operates through two segments, Solar Energy and Semiconductor Materials. Currently there are 7 analysts that rate SunEdison a buy, no analysts rate it a sell, and 1 rates it a hold.

The average volume for SunEdison has been 13.5 million shares per day over the past 30 days. SunEdison has a market cap of $5.4 billion and is part of the technology sector and electronics industry. The stock has a beta of 3.67 and a short float of 23% with 5.02 days to cover. Shares are up 52% year-to-date as of the close of trading on Tuesday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates SunEdison as a hold. Among the primary strengths of the company is its solid stock price performance. At the same time, however, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity.

Highlights from the ratings report include:

  • Compared to its closing price of one year ago, SUNE's share price has jumped by 286.31%, exceeding the performance of the broader market during that same time frame. Regarding the stock's future course, our hold rating indicates that we do not recommend additional investment in this stock despite its gains in the past year.
  • SUNE, with its decline in revenue, underperformed when compared the industry average of 3.3%. Since the same quarter one year prior, revenues slightly dropped by 8.2%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.
  • SUNEDISON INC has experienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. The company has reported a trend of declining earnings per share over the past year. However, the consensus estimate suggests that this trend should reverse in the coming year. During the past fiscal year, SUNEDISON INC reported poor results of -$2.39 versus -$0.65 in the prior year. This year, the market expects an improvement in earnings (-$0.18 versus -$2.39).
  • The gross profit margin for SUNEDISON INC is currently extremely low, coming in at 13.04%. It has decreased significantly from the same period last year. Along with this, the net profit margin of -51.95% is significantly below that of the industry average.
  • Net operating cash flow has significantly decreased to -$399.20 million or 2106.03% when compared to the same quarter last year. In addition, when comparing to the industry average, the firm's growth rate is much lower.

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