WFR a Strong Semiconductor Play

Tags: wfr
2 Dec 10:54pm
Posted by ZacksResearch
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MEMC Electronic Materials, Inc. (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.

Read the full analyst report on WFR




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