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MEMC Gains On Solar-Power Deal In South Korea

DOW JONES NEWSWIRES MEMC Electronic Materials Inc.'s (WFR) SunEdison solar unit reached a memorandum of understanding with a province in southeastern Korea for 400 megawatts of solar power projects. Shares recently rose 1.8% premarket to $10.88. The stock is down 21.5% this year, similar to declines by some other semiconductor-related companies. The provincial government of Gyeongsangnam-do expects the projects will help meet its goal of obtaining 15% of its power from renewable energy sources by 2030. Demand for solar efforts has rebounded this year, fueled in part by governments aiming to reduce carbon emissions and reduce reliance on fossil fuels. The Korea projects are slated for public lands and building rooftops and are set for completion by the end of 2013. MEMC in July posted a second-quarter profit--its first quarterly profit in a year--on gains and sales growth, though earnings of the maker of solar wafers and semiconductor-related products fell short of Wall Street's views. -By Tess Stynes, Dow Jones Newswires; 212-416-2481; Tess.Stynes@dowjones.com

Stock News for Memc Electronic (WFR)
DateTimeHeadline
04/21/201610:40:00SunEdison Files for Chapter 11 Bankruptcy Protection
04/14/201609:34:00U.S. Hot Stocks: Hot Stocks to Watch
04/14/201609:20:00SunEdison Finds No Material Misstatements or Fraud
04/04/201617:10:00MARKET SNAPSHOT: Stocks End Off 2016 Highs As Oil, Industrials...
04/04/201616:49:00MARKET SNAPSHOT: Stocks End Off 2016 Highs As Oil, Industrials...
04/04/201614:55:00MARKET SNAPSHOT: U.S. Stocks Add To Losses As Slump In Industrials...
04/04/201613:58:00MARKET SNAPSHOT: U.S. Stocks Falter As Consumer-discretionary...
04/04/201613:30:00SunEdison Subsidiary Accuses Parent of Diverting Funds
04/04/201612:55:00MARKET SNAPSHOT: U.S. Stocks Fight Slump In Consumer-discretionary...
04/04/201611:10:00MARKET SNAPSHOT: Stocks Struggle To Make Headway As Volatile...
03/31/201619:10:00SunEdison Gets Justice Department Subpoena, Confirms SEC Inquiry
03/30/201622:30:00CEO of SunEdison's Spinoffs Leaves
03/28/201620:50:00SEC Investigating SunEdison's Liquidity Disclosures to Investors
03/16/201609:47:00U.S. Hot Stocks: Hot Stocks to Watch
03/16/201609:00:00SunEdison, TerraForm Again Delay Annual Reports
03/08/201612:48:00MARKET SNAPSHOT: Stocks Pare Losses As Utilities, Consumer Stocks...
03/08/201612:45:00MARKET SNAPSHOT: Stocks Pare Losses As Utilities, Consumer Stocks...
03/08/201612:36:00MARKET SNAPSHOT: Stocks Pare Losses As Utilities, Consumer Stocks...
03/08/201610:36:00MARKET SNAPSHOT: Dow Tumbles Over 100 Points As Stocks Fall After...
03/08/201609:40:00MARKET SNAPSHOT: Futures Point To Lower Open Despite Oil's Rebound

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