Market Chatter: MEMC Electronic, Suntech, Other Solar Stocks Up on Hopes of Strong Q1 Orders

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MEMC Electronic Materials ( WFR ), Suntech Power Holdings ( STP ) and other solar stocks were gaining in trading Wednesday after competitor SatCon Technology ( SATC ) sounded a bullish note on first quarter orders.

SatCon said earlier Wednesday that orders in Q1 increased 27%. That, according to Bloomberg, is lifting hopes that all of the solar equipment makers will report better than expected Q1 orders.

Recently MEMC was trading 10% higher to $3.68, while Suntech Power was up nearly 9% to $2.75 and First Solar ( FSLR ) was gaining 5.43% to $22.54. SatCon was up 40% to $0.42.



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This article appears in: Investing , Commodities

Referenced Stocks: FSLR , SATC , STP , WFR

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