The stock is down 36 cents at $10.78. As I said* yesterday:
If you look at the bearishness expressed by the short interest and option positioning WFR might be worth a bet.From SmallCapPulse:
Big caveat though, I've never understood the trading in this one....
Analyst Comments – Credit Suisse’s Satya Kumar weighed in on MEMC (NYSE:WFR) this morning, maintaining an OUTPERFORM rating and a target price of $15.90.
*See also:Key Takeaways· MEMC’s 72MW project in Rovigno, Italy, is a key factor to Q4EPS – financing for the project has not yet closed (expected to close in September). Expect project valuation north of €3.50/watt....MORE
"Yuan move to help solar cos that export to China" and "Huantai Silicon drops out of an alliance with Suntech to join MEMC" (WFR; STP)