With MEMC Electronic Materials (WFR), investors have the opportunity to pick the bottom in just not one troubled market sector, but two of them: semiconductors and solar cells.And the others:MEMC sells both raw polysilicon and silicon wafers to both the chip and solar sectors. The recession has crushed demand in the end market for both, putting immense pressure on WFR shares. (Or at least, until recently.) But that also sets the company up for a double-recovery, Broadpoint.Amtech analyst John Hardy reports in a research note this morning.
Hardy today repeated his Buy rating on the stock, while upping his price target to $25, from $16....MORE
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