MEMC (WFR +3.5%) follows its solar peers higher after announcing its SunEdison subsidiary has sold a 20MW Nevada solar project to Southern Company (NYSE:SO) and Turner Renewable Energy. MEMC can definitely use the proceeds - it had $2.1B in debt on its balance sheet as of March 30, has been burning cash at a rapid pace, and has recently been hit with credit rating downgrades. (PR)