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Blue Chip Growth

Stock Report: () Report Updated: Jul 21, 2014 | Print This Page

Get more stock ratings by Louis Navellier

(WFR)

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Company Profile

MEMC Electronic Materials, Inc. engages in the development, manufacture, and sale of silicon wafers for the semiconductor industry worldwide. The company operates in two segments, Semiconductor Materials and Solar Energy. The Semiconductor Materials segment offers prime polished wafers, such as OPTIA and annealed products; epitaxial wafers, including AEGIS that consists of a thin silicon layer grown on the polished surface of the wafer; test/monitor wafers for testing semiconductor fabrication lines and processes; and silicon-on-insulator wafers used in the chip making process. Its wafers are used as the starting material for the manufacture of various types of semiconductor devices, including microprocessor, memory, logic, and power devices. The Solar Energy segment provides solar energy services that integrate the design, installation, financing, monitoring, operation, and maintenance portions of the downstream solar market. This segment also manufactures polysilicon, silicon wafers, and solar modules. As of December 31, 2011, it interconnected approximately 580 solar power systems representing 600.4 megawatts of solar energy. In addition, the company develops and sells photovoltaic energy solutions. Its customers comprise semiconductor device manufacturers, including the memory, microprocessor, and ASIC manufacturers; and foundries, as well as national retail chains and real estate property management firms; federal, state, and municipal governments; and utilities. The company markets its solar energy generation, monitoring, and maintenance services through a direct sales force, as well as through local or regional solar channel partners. MEMC Electronic Materials, Inc. was founded in 1984 and is headquartered in St. Peters, Missouri.

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