Services :: Financial
Analysts Expect Turnaround from MEMC
12:45 PM MDT | June 19, 2012 | Lindsay Frost and Vincent Valk
After a difficult few quarters for MEMC Electronic Materials, a maker of polysilicon and silicon wafers used in solar cells and semiconductors, most observers of the company expect it to bounce back intact. The company recorded a $92 million loss in the first-quarter, on weakness in both of its end markets. The solar energy market, in particular, has been plummeting since the second half of last year, due to a supply glut, tariffs on Chinese solar panels, and the withdrawal of numerous subsidies. MEMC’s weak results have led to concerns about the...
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