Sunedison (SUNE) Stock: Get Ready For More Gains!

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Sunedison Inc (NYSE: SUNE)

Sunedison has had a rough time in the market as of late, there’s no denying that. However, rough times don’t always lead to demise, and in this particular case, I don’t believe that will happen. In fact, when it comes to SUNE, I’m relatively bullish on the stock. Now, more positive news is coming out, and it’s solidifying my bullish position. Today, we’ll talk about the latest positive news, other factors that are likely to push SUNE higher, and what we can expect to see moving forward in both the short and long term.

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Greenlight Capital To Take A Seat On The Board

Sunedison has been in a bit of a rough spot as of late. However, one of the company’s largest investors looks to change that. David Einhorn’s Greenlight Capital owned 6% of SUNE shares by December. However, in December, the investment firm took part in the fundraising program launched by Sunedison, taking another 26 million shares and bringing its total stake in the company to 8%. Now, they are pushing for even more control of the company – a seat on the Board of Directors. Well, Einhorn got what he wanted and Greenlight Capital will now have a seat on the board of directors, which is great for SUNE. The reality is that sometimes an outside influence is all a company needs in order to start growing yet again, and when it comes to outside influences, few are as good has having Greenlight Capital on your side.

How The Market Reacted To The News

As investors, we’ve learned that any time we see good news with regard to a publicly traded company, we can expect to see gains in the value of the stock. Based on the response we’re seeing in the market today, investors agree that Greenlight Capital taking a seat on the board is positive news. Currently (10:59), SUNE is trading at $2.80 per share after a gain of 5.66% so far today.

Other Factors That Are Likely To Lead To Gains

Greenlight taking a seat on the board isn’t the only positive news we’ve seen with regard to Sunedison. In fact, a bigger story is the global shift of opinion with regard the energy sector as a whole. You see, the burning of fossil fuels is incredibly bad for our environment, and the world’s opinion with regard to this is changing. In the past, few were concerned with greenhouse gases. However, today, that is changing, and SUNE (along with other renewable and clean energy companies) are going to see the benefit. To give you an idea of how the energy sector is likely to change, just look at the recent Paris climate change deal.

In December Paris signed a deal with 195 countries. Each of these countries has agreed to work to reduce greenhouse gas emissions. The only way to do so is to reduce reliance on the burning of fossil fuels and generate energy through a cleaner process. Another big story in December was the fact that the United States government has made the decision to extend a 30% tax credit for consumers and businesses that install renewable energy systems in their home or office. All in all, the world is working on a shift to clean energy, and SUNE is likely to benefit from this shift.

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What Do You Think?

Where do you think SUNE is headed moving forward? Let us know your opinion in the comments below!

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Hey, Im Joshua, the founder of CNA Finance. I enjoy following the trends in the market and finding the catalysts that are making the moves. If you want to get in contact with me, leave a comment below or email me at CNAFinanceHelp@gmail.com Please keep in mind that I am not an investment advisor and nor is CNA Finance. This is a news and information gathering outlet. We may work directly with some of the companies that we write about. If we have a business relationship with an issuer, we will mention that in the articles. We also have various affiliate relationships with advertisers and may be paid if you sign up for a service that you were referred to through our website.

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