Solar stocks outperform (TAN +1.4%) following MEMC's (WFR +18%) strong Q2 report. Revenue of...


Solar stocks outperform (TAN +1.4%) following MEMC's (WFR +18%) strong Q2 report. Revenue of $933.4M (+20% Y/Y and +78% Q/Q) blew past consensus by $184M, while non-GAAP EPS of $0.14 beat by $0.16. Also, MEMC is guiding for wafer revenue to grow 3%-8% Q/Q, which suggests a consensus for a 31% drop in total revenue will prove quite low. Between MEMC and First Solar, is there reason to think solar is finally bottoming? There's still a lot of bad news to go around. (PR)

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