This is the weekly update of the SOXM stocks and major indices from the beginning of the year to Friday's close in both table and chart format.
So far this year, there are 3 stocks down over -20%, RBCN, SNDK and MU.
On the upside, SUNE is the leader, up over 55 percent. Do you know the reason why? I do, it is because they are estimated to lose way more money than any other company in the SOXM. SUNE is on a FY/CY reporting basis. Actual earnings for 2014 were -0.96. At the beginning of the year, 2 Jan 2015, SUNE was estimated to lose -1.09 for 2015, and -0.80 for 2016. As of today, 5 June 2015, the estimates are now -3.15(2015), -1.61(2016) and now -1.46(2017). That is a total for the 4 years of 7.18. Presently, SUNE has 275M shares outstanding. Now if my math is correct that would translate into a 1.9B loss for the 4 years.
Would you believe(I know I do<g>) That S&P has a strong buy rating on SUNE and here is a smidgen of what they have to say about why they do: (Bolding Mine)
<<Our Strong Buy recommendation reflects recent
construction activity providing better visibility,
pipeline expansion and renewable expansion
into areas like wind. We positively view
SUNE's intent to form a new "YieldCo" view,
with a focus on emerging market projects (S-1
filing for TerraForm Global in May).We note
seven recent acquisitions of renewable energy
portfolios totaling 757 megawatts in emerging
reasons. SUNE's growth prospects remain robust
and see significant cash flow potential in
the future.>>
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