SUNE SUNEQ - SunEdison

Discussion in 'Penny Stocks' started by Stockaholic, Mar 31, 2016.

  1. Stockaholic

    Stockaholic Content Manager

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    SunEdison, Inc. (SUNE) is a global renewable energy company headquartered in the U.S. In addition to developing, building, owning, and operating solar power plants and wind energy plants, it also manufactures high purity polysilicon, monocrystalline silicon ingots, silicon wafers, solar modules, solar energy systems, and solar module racking systems. Originally a silicon-wafer manufacturer established in 1959 as the Monsanto Electronic Materials Company, a former business unit of Monsanto Company, Monsanto sold the company in 1989. Prior to May 30, 2013, the company was known as MEMC Electronic Materials; the name change to SunEdison reflects the company's focus on solar energy.[2] SunEdison's corporate headquarters are in Maryland Heights, Missouri, and the company's operational and solar headquarters are inBelmont, California with offices throughout the world.

    Established in the early stages of the semiconductor electronics industry in 1959, MEMC was for the next half century a major and pioneering manufacturer of silicon wafers, the most basic element of semiconductor-chip manufacturing. The company entered the solar market in a major way beginning in 2006, with longterm contracts to manufacture and sell solar wafers to several large Asian solar-energy companies. Contracts with other solar-energy companies followed, as did joint-venture projects on solar power plants. With the acquisition of the large, successful, and pioneering solar-energy systems company SunEdison LLC in late 2009 and the smaller solar-power companies Axio and Fotowatio in 2011, MEMC focused increasingly on the burgeoning solar-energy industry to offset the cyclical downturns in the semiconductor market. The company now develops, finances, and maintains solar power systems and plants for a widespread commercial, public-sector, and power-plant customer base, and its name change in 2013 to SunEdison, Inc. reflects its main focus. It is one of the leading solar-power companies worldwide, and with its acquisition of wind-energy companyFirst Wind in 2014, SunEdison is the leading renewable energy development company in the world.[3] SunEdison's subsidiaries TerraForm Power and TerraForm Global own and operate renewable-energy projects around the globe. In 2015, SunEdison sold off its subsidiary SunEdison Semiconductor, which manufactures silicon wafers for the electronics industry. The divestiture marked the completion of SunEdison, Inc.'s transition from a semiconductor-wafer company to a dedicated renewable-energy corporation.
     
  2. StockJock-e

    StockJock-e Brew Master
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    Oh yeah, SUNE belongs in the penny stock section now! :D
     
  3. Zaysev

    Zaysev Member

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    I guess even penny stock is too good for SUNE.Would anyone actually decide to risk with it, whatever the profit? I'd not touch it with a 7 foot pole :D
     
  4. StockJock-e

    StockJock-e Brew Master
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    How about a 10ft pole?

    We sell them here!
     
  5. StockJock-e

    StockJock-e Brew Master
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    BOOM!

    Sell the crap out of this if you are long here!

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  6. StockJock-e

    StockJock-e Brew Master
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    Can SUNE close that gap at .45?
     
  7. StockJock-e

    StockJock-e Brew Master
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    .41!!! holy shit it looks like it can do it!
     
  8. StockJock-e

    StockJock-e Brew Master
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    And now for the EOD sell off!
     
  9. StockJock-e

    StockJock-e Brew Master
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    SUNE sure looking likes it ready for a move here, pick a side! lol

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  10. Ken34

    Ken34 2017 Stock Picking Contest Winner

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    its either going to 10 cents or 75 cents lol, pick a side for real. such a gamble man
     
  11. StockJock-e

    StockJock-e Brew Master
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  12. Ken34

    Ken34 2017 Stock Picking Contest Winner

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    im just not a betting man, so many easier trades to take out there at this point in time lol. although those 20% pops 2 days in a row is crazy.
     
  13. StockJock-e

    StockJock-e Brew Master
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    The stock will go to zero eventually, but for now the large short positions are very squeezable if they momentum traders can force the price higher.

    This 45c resistance will most likely trigger an addition squeeze if they can get it over. This is pure gambling at this point, nobody should be trading this unless you know your L2 and have quick fingers!

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  14. StockJock-e

    StockJock-e Brew Master
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    Taking out the support level here, looks like buyers are going to be taking a break today.
     
  15. StockJock-e

    StockJock-e Brew Master
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    Oh boy, very tight range again. Feels like shorts are loading up, but the longer it goes sideways, the great the chance it pops higher IMO

    That .44 - .46 resistance is not giving up.

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  16. superstud

    superstud New Member

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    Going to $3 fast - filing 10-K on Apr 14. Chart is useless.
     
  17. StockJock-e

    StockJock-e Brew Master
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    What are you expecting in the 10K that will make it go to $3?
     
  18. StockJock-e

    StockJock-e Brew Master
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    Some people still believe this stock is going to go higher from here, but remember, there is a bankruptcy on the way.

    The details of the restructuring will be revealed in time, but there is no way it will work out well for current shareholders.

    If you go long on this stock, be ready to trade the pops and get the hell out with profits when you can!

    Buy and hold is not the correct strategy here!
     
  19. Zaysev

    Zaysev Member

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    I guess it was yesterday that I've seen an article claiming how SUNE is going to get restructured, live through the bankruptcy, and how those smart enough to go long now are going to get rich in no time. I was like WUT?? Can't believe someone can still trow this...
     
  20. StockJock-e

    StockJock-e Brew Master
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    We saw the same thing with GM when that crashed.

    It was trading at a few cents and people justified their longs as "no way it can get cheaper over the next 10yrs!".

    As we know, GM restructured and the original shares got canceled and are worth $0.00.
     

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