MEMC Slides on Forecast for First-Quarter Solar Sales
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MEMC Electronic Materials Inc., the second-largest U.S. polysilicon maker, fell the most in nine months after forecasting a decline in solar project development this quarter.
MEMC, which also announced plans today to change its name to SunEdison Inc. and invest in more solar projects that use its material, dropped 13 percent to $4.70 at the close in New York, the biggest decline since May 17.