MEMC Electronic Materials Receives “Neutral” Rating from Zacks (WFR) (UtahPeoplesPost)
Zacks reiterated their neutral rating on shares of MEMC Electronic Materials, Inc. (NYSE:WFR) in a research report sent to investors on Thursday morning, StocKRatingsNetwork.com reports. The firm currently has a $4.50 price target on the stock. Zacks’ analyst wrote, “MEMC posted a decent fourth quarter with the bottom line surpassing the Zacks Consensus Estimate. But revenues failed to encourage us as it decreased on a year-over-year basis and came below our expectation. Solar systems sales were lower than expected. Uncertainty around product demand barred the company from providing any guidance. However, we are encouraged by management’s commentary of expecting a better demand/supply situation in the semiconductor market in 2013.
Volume Buzz (MEMC Electronic Materials, Stillwater Mining Company, Kite Realty Group Trust, Restoration Hardware Holdings Inc) (MeshPress)
Holeinonestocks.net, an investor research portal specializing in several sectors including biotech and healthcare and tech stocks on the U.S. market, issues news updates on the following stock:- MEMC Electronic Materials, Inc. (NYSE:WFR) shares decreased 5.66% to $4.17. SunEdison, a leading worldwide solar energy services provider and a subsidiary of MEMC Electronic Materials, on Mar. 28, announced a global milestone in the company’s solar operations as it now has more than 1 gigawatt (GW) of global solar PV (photovoltaic) assets under the management of its Renewable Operations Centers (ROCs). The facilities managed by the ROCs include a mix of plants that are owned by SunEdison and its investment partners, as well as third parties who have come to SunEdison to utilize its advanced services platform.
This Week in Solar (Fool)
It was another busy week in solar, and we may be a few steps closer to the much-needed consolidation of Chinese solar manufacturers. The industry has long struggled with oversupply and far too many manufacturers, so the failure of a few Chinese companies would be a help for everyone else. Here’s more on that and what else happened this week in solar. …MEMC Electronic Materials, Inc. (NYSE:WFR) announced an agreement to build a 1.1 MW solar plant in Brazil. This may seem like a small amount, but it’s one of the largest plants in Brazil and gives the company a foothold in this important market.
YGE, WFR, SOL, PWER and STP has made big deal despite gloomy market trends in solar panel (PropertyMentorGroup)
Yingli Green Energy Hold. Co. Ltd. (NYSE:YGE) has been declared third out of 90 panels. Yingli Green (NYSE:YGE)’s panel has a capability of generating 1,118.7 kilowatt hours of electricity, with the efficiency of 93.1%, according to the company’s report. MEMC Electronic Materials, Inc. (NYSE:WFR) declared an agreement, according to the deal the company would build one of the biggest solar plant in Brazil, which would be capable of generating 1.1 MW electricity in Brazil. ReneSola Ltd. (NYSE:SOL) has announced that the company will build three big solar plant in different areas including Mexico, in which ReneSola will build 1.8 MW solar plant in the country. While in its second agreement, the company has signed a 44 MW module a deal with Enerparc and third one with Uenohara Mega Solar Project in Japan, according to which ReneSola Ltd. (NYSE:SOL) will supply 2 MW of modules.
Alternative Energy Wins Order for China-Backed Indonesian Solar (BusinessWeek)
Alternative Energy Ltd., a Singaporean developer of energy-saving technologies, won an order to provide engineering, procurement and construction services to PT Mega Urip Pesona solar parks in Indonesia. LDK Solar Co., Ltd (NYSE:LDK) will supply panels to some plants under a deal last year, and a planned $600 million loan from China will provide funding, Alternative Energy said today in a statement. Separately, a 10 to 50 megawatt park will be built in Bali, and nine 10-megawatt plants elsewhere in Indonesia. Alternative Energy will be paid by Mega Urip, an Indonesian project developer, at a rate of at least 5 cents a watt.
LDK Signs Thai Solar PV Deal (Nasdaq)
LDK Solar Co., Ltd (NYSE:LDK), amidst its restructuring mode, clinched a large-scale contract for the delivery of solar modules to Thailand’s premier developer of photovoltaic (“PV’) projects, EA Solar Nakornsawan Co., Ltd. Per the agreement, LDK Solar will supply a total of 63 megawatts (“MW’) of PV modules to EA Solar and a weekly transport of 6.3 MW starting Aug, 2013. Of late, the China based PV manufacturer has been struggling to manage its substantial debt burden and has defaulted in repaying to the holders of 4.75%, $23.7 million convertible senior notes due on Apr 15, 2013. The company partially compensated the loan.