Hot Semiconductor Stocks To Own Right Now

Hot Semiconductor Stocks To Own Right Now: Sunedison Inc (SUNE)

SunEdison Inc, formerly MEMC Electronic Materials, Inc., incorporated on October 1, 1984, is engaged in the development, manufacture and sale of silicon wafers. The Company is a developer and seller of photovoltaic energy solutions. Through Solar Materials and Solar Energy (SunEdison), it is a developer of solar energy projects. The Company operates in two segments: semiconductor materials and solar energy. The Companys Solar Energy segment includes the operations of its old Solar Materials segment, as well as its SunEdison business. In the Semiconductor Materials, the Company offers wafers with a variety of features. The Companys wafers vary in size, surface features, composition, purity levels, crystal properties and electrical properties.

Semiconductor Materials

The Companys monocrystalline wafers for use in semiconductor applications range in size from 100 millimeter to 300 millimeter and are round in shape for semiconductor custome rs because of the nature of their processing equipment. Its wafers are used as the starting material for the manufacture of various types of semiconductor devices, including microprocessor, memory, logic and power devices. In turn, these semiconductor devices are used in computers, cellular phones and other mobile electronic devices, automobiles and other consumer and industrial products. Its monocrystalline wafers for semiconductor applications include four general categories of wafers: prime, epitaxial, test/monitor and silicon-on-insulator (SOI) wafers.

The Companys prime wafer is a polished, pure wafer with an ultraflat and ultraclean surface. The Companys epitaxial (epi), wafers consist of a thin silicon layer grown on the polished surface of the wafer. Typically, the epitaxial layer has different electrical properties from the underlying wafer. This provides customers with isolation between circuit elements than a polished wafer. Its AEGIS product is desig! n ed for certain specialized applications requiring high resistivity epitaxial wafers and its MDZ product feature. The AEGIS wafer includes a thin epitaxial layer grown on a standard starting wafer. The AEGIS wafers thin epitaxial layer eliminates harmful defects on the surface of the wafer, thereby allowing device manufacturers to increase yields. The Company supplies test/monitor wafers to its customers for use in testing semiconductor fabrication lines and processes. An SOI wafer is a different starting material for the chip making process.

Solar Energy

The Companys Solar Energy segment provides solar energy services that integrate the design, installation, financing, monitoring, operations and maintenance portions of the downstream solar market to provide a solar energy service to its customers. As of December 31, 2012, SunEdison interconnected over 675 solar power systems representing 989 megawatt of solar energy generating capacity. As of December 31, 2012, SunEdison had 73 megawatt of projects under construction and 2.6 gigawatts in pipeline. In support of its downstream solar business, its Solar Energy segment manufactures polysilicon, silicon wafers and solar modules. Additionally, its Solar Energy segment will sell solar modules to third parties in the event the opportunity aligns with itsinternal needs. It provides its downstream customers with a way to purchase renewable energy by delivering solar power under long-term power purchase arrangements with customers or feed-in tariff arrangements with government entities and utilities. Its SunEdison business is dependent upon government subsidies, including United States federal incentive tax credits, state-sponsored energy credits and foreign feed-in tariffs. The Companys solar wafers are used as the starting material for crystalline solar cells.

The Company competes with Shin-Etsu Handotai, SUMCO, Siltronic and LG Siltron, SunPower Corporat ion, First Solar, Inc., Enerparc, Sharp Corporation (Recurrent! Energy),! Phoenix Solar, BELECTRIC, JUWI Solar Gmbh, and Solar City.

Advisors' Opinion:

• [By Paul Ausick]

  SunEdison Inc. (NYSE: SUNE), like SunPower, has had a booming year. The share price is up more than 265% in the past 12 months. Shares closed at $14.01 Monday night, in a 52-week range of $3.64 to $14.71. With a price target of around $15.20, the potential upside is nearly 8%. Expected 2014 EPS is $0.56, and the stock’s forward P/E ratio is around 25. The company is planning to spin off its semiconductor wafer business during the first quarter.

• [By Paul Ausick]

  We have tracked the short interest in the following North American Solar companies as of September 13: Canadian Solar Inc. (NASDAQ: CSIQ), First Solar Inc. (NASDAQ: FSLR), GT Advanced Technologies Inc. (NASDAQ: GTAT), SunEdison Inc. (NYSE: SUNE) and SunPower Corp. (NASDAQ: SPWR).

• [By Reuben Brewer]

  Investors cheered SunEdison Inc's (NYSE: SUNE  ) deal to jointly acquire First Wind for $2.4 billion with affiliated yieldco TerraForm Power Inc (NASDAQ: TERP  ) . And with good reason. It's a truly transformational deal that takes SunEdison's business to new levels. TerraForm will benefit along the way, too, which is why it's shares rose even further than SunEdison's 30% or so advance.

source from Top Penny Stocks For 2015:http://www.seekpennystocks.com/hot-semiconductor-stocks-to-own-right-now-3.html