MEMC Electronic Materials Inc (WFR), just announced signed a letter of intent to supply Taiwanese solar-cell maker Motech Industries with solar wafers this morning. The stock has popped past the 52-week high this monring.
With the ever increasing price of oil, I believe this can be a stock leader in the months to come. The contract they have announced is for eight-year deal would generate at least $1.6 billion in revenue. Wow! This is incredible for one maker along, imagine if more solar makers join in. This can be a very lucretive business.
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