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Berger: SunEdison stock could really shine
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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.
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