Credit Suisse’s Kumar Maintains MEMC at OUTPERFORM (WFR)

 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.
Big caveat though, I've never understood the trading in this one....

From SmallCapPulse:

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.

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

*See also:
"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)