ROVIGO, Italy - March 12, 2010 (Investorideas.com renewable energy/green newswire) - SunEdison, a division of MEMC Electronic Materials, Inc. (WFR 14.03, +0.04, +0.25%), received final approval from the Italian government to develop and construct a 72 Megawatt (MW) photovoltaic solar power plant in Northeastern Italy, near the town of Rovigo

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FREE Daily Stock Alerts From DrStockPick.com

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DrStockPick.com Watch List!

My Picks for Wednesday Dec. 30, 2009 are:

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WFR, MEMC Electronic Materials Inc.

WFR is a global leader in the manufacture and sale of wafers and related intermediate products to the semiconductor and solar industries. With the recent acquisition of SunEdison, WFR is also a developer of solar power projects and North America’s largest solar energy services provider.

WFR entered into a new revolving credit facility. The new $250 million agreement, which has a term of three years, replaces WFR’s pre-existing $200 million revolving credit agreement that was scheduled to expire in June 2010. The new facility contains an accordion feature, allowing WFR to request an increase in

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For Immediate Release

Chicago, IL – November 25, 2009 – Zacks Equity Research highlights MEMC Electronic Materials, Inc. (WFR) as the Bull of the Day and Energy Transfer Partners (ETP) the Bear of the Day. In addition, Zacks Equity Research provides analysis on Ford (F), Whirlpool (WHR) and Wal-Mart (WMT).

Full analysis of all these stocks is available at http://at.zacks.com/?id=5506

Here is a synopsis of all five stocks:

Bull of the Day:

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 paid huge rewards in 2007 and 2008, as demand for polysilicon raced ahead of supply. The Solar business and the 300mm business are both high-margin products. The spot price of polysilicon has been slashed from a peak of $400

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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 paid huge rewards in 2007 and 2008 as demand for polysilicon raced ahead of supply.The Solar business and the 300mm business are both high margin products. The spot price of polysilicon has been slashed from a peak of $400 per/kg to the $60-$70 per/kg range.The stock is significantly undervalued. We are reiterating our Buy rating on the Shares of WFR. We value the company based on the average of our P/E multiple (15.0x 2009 estimated EPS) and our two stage intrinsic model. The semiconductor group average P/E is between 25x-26x. We feel WFR should trade at a premium to its peers, given the fact that the company has high growth/high margin products....

Not Your Father's Semi Industry

In the past 10 years, the fundamental shift in the semiconductor industry from corporate IT to consumer demand is very important to consider when looking at the industry. This has created a different playing field. There are more products that use Semi Components (MP3, cellphone, automobile, "smart" houses). The potential exists for more commoditized products and ASP erosion.

Firms that will out-perform in a slightly negative GDP environment include: Firms with the strongest balance sheets, such as Intel (

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Not Your Father’s Semi IndustryIn the past 10 years, the fundamental shift in the semiconductor industry from corporate IT to consumer demand is very important to consider when looking at the industry. This has created a different playing field. There are more products that use Semi Components (MP3, cellphone, automobile, “smart” houses). The potential exists for more commoditized products and ASP erosion.

Firms that will out-perform in a slightly negative GDP environment include:   

Firms with the strongest balance sheets, such as Intel (INTC)    
Companies that make specialized semiconductors (for example, chips used in dentist X-rays)    
Firms that sell products that are technology-driven rather than capacity-driven    
Companies that are gaining market share because of superior technology, like Varian Semiconductor (VSEA)    
Firms that sell products associated with regulations such as power conservation, like Power Integrations (POWI)OPPORTUNITIES

Older technologies deliver power inefficiently, often

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In the past 10 years, the fundamental shift from corporate IT to consumer demand is very important to consider when looking at the semiconductor industry. This has created a different playing field. There are more products that use semi components (MP3, cell phone, automobile, smart houses). Seasonal demand is now an issue, such as the Christmas and Chinese New Year. Finally the potential exists for more commoditized products and ASP erosion.

Firms that will out-perform in a slightly negative GDP environment include:

* Firms with the strongest balance sheets, such as Intel (

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In the past 10 years, the fundamental shift from corporate IT to consumer demand is very important to consider when looking at the semiconductor industry. This has created a different playing field. There are more products that use semi components (MP3, cell phone, automobile, smart houses). Seasonal demand is now an issue, such as the Christmas and Chinese New Year. Finally the potential exists for more commoditized products and ASP erosion.Firms that will out-perform in a slightly negative GDP environment include:* Firms with the strongest balance sheets, such as Intel (INTC)* Companies that make specialized semiconductors (e.g. chips used in dentist X-rays) * Firms that sell products that are technology driven rather than capacity driven* Companies that are gaining market share because of superior technology, a la Varian (VSEA)* Firms that sell products associated with regulations such as power ...

Missouri has a very diversified economy. It has a large service sector, wholesale, retail, manufacturing and agricultural. It is a top producer of automobiles, beer and aerospace technology. Some lesser known facts about Missouri follow:1. Missouri’s top commodities are soybeans, cattle and calves and corn.2. 14,842 new businesses settled in Missouri during 2007.3. Top manufacturing industries in the state are: transportation equipment, food products, and fabricated metals.4. The manufacturing industry employs 13% of the work force.5. Missouri exports chemicals, machinery and food products to South Korea, China and Japan.6. The High-tech industry of Missouri employs 4% of the work force.7. Missouri offers over $306 million in incentives for biofuel energy development, along with tax credits.8. Forest products contribute $1.69 billion to the economy.9. Top industries depending on exports are the aircraft manufacturing, and the wholesale ...

We are reiterating our Buy rating on the shares of MEMC Electronic Materials, Inc. (WFR). The company produces the raw material wafers used by semiconductor manufacturers in the production of integrated circuits (ICs).

WFR presently trades at a multiple of 8.9x our estimate of 2009 earnings (P/E). We expect the firm to outgrow the general semiconductor industry based on its 300 millimeter product line and its solar business. The firm's balance sheet has improved dramatically and cash now stands north of $1 billion. This should pave the way for future share buybacks and potential mergers in the solar industry.

Despite the past two quarters operational mishaps, margins continue to improve. We feel the weaker TSMC capital expenditure numbers are not a sign of weakness, but the situation bears watching. We value the company based on the average of our P/E multiple (26.0x 2009 estimated EPS) and our two stage

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