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SunEdison Slumps: SUNE Falls 6.7% in Session
May 09, 2014

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SunEdison, Inc. saw a big move last session, as the company’s shares fell by over 6% on the day.  The move came on pretty good volume too with far more shares changing hands than in a normal session. This stock, trading at a volatile range of $16.88–$20.33 in the past one-month time frame, showed a sharp decline yesterday at $17.11.

This semiconductor company has seen a mixed track record when it comes to current year estimate revisions over the past few weeks, and the consensus for earnings narrowed from 2 cents of earnings per share 30 days ago to 13 cents of loss per share now. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.

SunEdison currently has a Zacks Rank #4 (Sell).

Some better-ranked stocks in the same sector include Applied Micro Circuits Corporation , PLX Technology Inc. and Rambus Inc. (RMBS - Free Report) . All these stocks carry a Zacks Rank #1 (Strong Buy).

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Rambus, Inc. (RMBS) - free report >>

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