Energy
MEMC: Mixed Signals Abound
Oppenheimer agreed, writing that the semi growth story looks like it has legs, but the analyst was still cautious on the solar wafer business beyond the first quarter due to German subsidy declines and continued industry oversupply conditions.
MEMC was down more than 2% in the pre-market session on Thursday. Meanwhile, GT Solar(SOLR), a solar equipment maker considered a good indicator of supply and demand in the solar sector, spiked on Wednesday after its earnings outperformance, though analysts continue to be cautious about the longer-term outlook for GT Solar . --Reported by Eric Rosenbaum in New York.RELATED STORIES:
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
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| 12,393.45 | 1,310.33 | 2,827.34 | 15.81 |
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