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Bull of the Day

MEMC Electronic Materials (WFR)

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December 04, 2008 |Comments: 0
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WFR

MEMC Electronic Materials (WFR) - produces the raw material wafers used by semiconductor manufacturers in the production of integrated circuits (ICs).

The decision to supply wafers to the solar industry is paying huge rewards as demand for polysilicon has raced ahead of supply. The Solar business and the 300mm business are both high-margin products. The price of polysilicon has been cut in half over the past quarter, yet the firm can still earn $3.50 per share in 2009.

The stock is significantly undervalued. We are reiterating our Buy rating on the shares of WFR.

MEMC Electronic Materials (WFR) : FULL ANALYST REPORT

Bull of the Day
Every day we feature one stock with a Zacks Recommendation of Buy that is set to outperform over the next 6+ months. We also provide you with free access to the in-depth research report on the stock. If you would like to see all our Buy rated stocks and in-depth research reports, then check out  Zacks Premium.

Read the full analyst report on WFR

 
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