SaxoTV
Berger: SunEdison stock could really shine
295 views
Solar stocks are set to soar as energy prices drop and expectations for the sector rise. Serge Berger, better known as The Steady Trader, believes SunEdison, the developer of solar power plants is one company in particular that is undervalued and is positioned to grow over the long-term.
SunEdison has attracted a fair share of media attention after David Einhorn, founder and president of Greenlight Capital, invested in the company earlier in the week. Based on his own analysis the company’s stock could reach a value of USD 35. The current stock price is trading just above USD 20 following a rally on the news of Einhorn’s investment.
Serge is looking to buy the stock at USD 20.30 with a target of USD 27.70. A stop can be placed at USD 19.40.
Disclaimer
Saxo Bank Group provides an execution-only service. All information provided on Tradingfloor.com is solely for general information. Tradingfloor.com does not contain (and should not be construed as containing) financial, investment, tax or trading advice or advice of any sort offered, recommended or endorsed by Saxo Bank Group and should not be construed as a record of our trading prices, or as an offer, incentive or solicitation for the subscription, sale or purchase in any financial instrument. Saxo Bank Group will not be liable for any losses that you may sustain as a result of any investment decision made in reliance on information which is available as part of the Tradingfloor.com or as a result of the use of the Tradingfloor.com.
Please read our notification on