MEMC: This Solar Star May Cool Off

摘要

MEMC Electronic Materials (WFR) is one of the favored stocks on Wall Street: Of the 15 analysts who track the stock, 12 rate it a buy. It has rocketed from 35 a year ago to 65 on Oct. 24. But bad tidings may slow its advance. Of late, MEMC was at 62. A major supplier of polysilicon, the raw material used for solar panels, it is benefiting from the shortage of polysilicon and the boom in solar energy. The price of polysilicon sales has doubled since 2004. But Martin Sass of investment firm MDSass sold shares he bought at 38 early this year and is now shorting the stock.