Pre-Market Activity Shows Gains For SunEdison (SUNE)

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Trade-Ideas LLC identified SunEdison ( SUNE) as a pre-market leader 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 $192.8 million.
  • SUNE traded 116,532 shares today in the pre-market hours as of 9:00 AM.
  • SUNE is up 5.8% 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 three segments: Solar Energy, TerraForm Power, and Semiconductor Materials. Currently there are 8 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 8.8 million shares per day over the past 30 days. SunEdison has a market cap of $7.0 billion and is part of the technology sector and electronics industry. The stock has a beta of 4.89 and a short float of 33.3% with 10.98 days to cover. Shares are up 31.9% year-to-date as of the close of trading on Tuesday.

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