There's more downside ahead for MEMC Electronic (WFR -24%) after its latest quarterly miss,...

|By:, SA News Editor

There's more downside ahead for MEMC Electronic (WFR -24%) after its latest quarterly miss, Wunderlich says: "We have serious reservations about the future of MEMC given that there is still a tremendous oversupply of polysilicon worldwide, its vertically integrated solar business has no barriers to entry, and the solar gold rush is over as subsidies and stimulus run out."