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SunEdison (SUNE)

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  • Feb. 13, 2013, 9:58 AM
    MEMC (WFR +5.6%) hits levels last seen a year ago after soundly beating Q4 estimates. An unexpected 3% Q/Q increase in solar division revenue - fueled by a 23% increase in sold solar project capacity to 91MW - drove the beat. Solar sales still fell 24% Y/Y thanks to weak wafer/module demand, while chip wafer sales were flat (higher volumes were offset by price drops) Q1 and 2013 guidance will be provided at MEMC's March 13 Capital Markets Day. (PR) (slides)
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  • Feb. 13, 2013, 9:10 AM
    Premarket gainers: RCON +56%. PPHM +17%. EZCH +11%. WFR +9%. CMCSA +8%. GRPN +8%. VG +5%.
    Losers: RATE -18%. CLF -14%. RAX -12%. AVEO -11%. AMX -6%. DF -6%. NICE -5%.
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  • Feb. 13, 2013, 6:03 AM
    MEMC Electronic Materials (WFR): Q4 EPS of $0.08 beats by $0.08.Non-GAAP  Revenue of $704.3M beats by $42.84M. (PR)
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  • Feb. 13, 2013, 12:05 AM
    Notable earnings before Wednesday’s open: ASPS, AVEO, CPN, DE, DF, DPS, DUK, EZCH, FBN, H, HSP, LO, PES, PRLB, TLM, TRI, VG, WCG, WFR
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  • Feb. 12, 2013, 5:30 PM
    Notable earnings before Wednesday’s open: ASPS, AVEO, CPN, DE, DF, DPS, DUK, EZCH, FBN, H, HSP, LO, PES, PRLB, TLM, TRI, VG, WCG, WFR
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  • Feb. 11, 2013, 2:50 PM
    One more reason solar stocks could be moving higher today: German polysilicon maker Wacker says it's ramping production due to strong demand, and has eliminated "short-time working schedules." The news follows a major 2H12 decline in plant utilization rates due to soft demand and high inventories, and comes in spite of worries China will soon impose tariffs on polysilicon imports. Publicly-traded manufacturers: WFR, DQ, LDK, STP, YGE. (earlier)
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  • Feb. 6, 2013, 10:17 AM
    First Solar (FSLR +3.3%), SunPower (SPWR +3.4%), MEMC (WFR +2.7%), and Advanced Energy (AEIS +4.2%) open higher after Citi's Shahriar Pourreza (taking over from Timothy Arcuri, who left for Cowen) launches coverage with Buy ratings. While believing the solar panel market is becoming commoditized, Pourreza argues buying opportunities exist in companies with strong exposure to construction activity and growth markets. Trina (TSL) and Yingli (YGE) have been started at Hold, and Suntech (STP) at Sell.
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  • Dec. 28, 2012, 11:17 AM
    Solar stocks are rallying again, likely thanks to year-end short-covering (previous). LDK +9.2%. STP +6.8%. CSIQ +3.6%. GTAT +4.6%. YGE +4.7%.  MEMC (WFR +3.2%) is in the news: the company announced board members John Marren and William Stevens, each of whom have served for 11 years, are retiring (this should strengthen the hand of activist firm Atlai Capital), and that its SunEdison unit has sold 24MW of solar projects to Canadian Solar (CSIQ +3.6%).
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  • Dec. 11, 2012, 5:01 PM
    Begun, the solar trade wars have. The Chinese government has reportedly made a preliminary decision to impose tariffs of 30%-50% on U.S., European, and South Korean solar polysilicon imports as of Q1. China recently launched a probe on the matter following the U.S. ITC's imposition of tariffs on Chinese solar module imports on anti-dumping grounds, and the start of an EU investigation that could lead to the same. MEMC (WFR) is a major U.S.-based polysilicon supplier. (price declines)
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  • Dec. 7, 2012, 6:27 PM
    Prices for just about anything solar-related continue to tumble. Digitimes reports the average price of cells with "mid-range" (16.2%-16.6%) efficiency has fallen to just $0.25-$0.30/watt - cell prices were around $0.48/watt at the beginning of Q3. Meanwhile, polysilicon contract prices have fallen to $17-$18/kg from $20/kg in Q3, putting it further below the variable cost of Western producers. The troubled industry received a piece of good news this week courtesy of the Indian government, which has set a goal of building 9GW of plants by 2017.
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  • Nov. 26, 2012, 2:32 PM
    Chinese solar polysilicon demand fell 34% in October, claims UBS; IHS iSuppli estimated last week polysilicon spot prices fell 9% on the month. Moreover, UBS expects polysilicon demand to remain weak in Q4 due to poor visibility for 1H solar module sales. Given the latest earnings reports from module vendors (I, II), it's hard to argue with that assessment.
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  • Nov. 19, 2012, 5:57 PM
    Solar polysilicon spot prices fell another 9% in October, estimates IHS iSuppli - that's the fastest rate of decline since February, and brings the total drop since that time to above 40%. Analyst Glenn Gu thinks a slight bounce will happen at the beginning of 2013, but still sees the overall supply/demand balance as unfavorable, and expects prices to start falling again later in the year. Polysilicon vendors MEMC (WFR +6.6%) and LDK (LDK +3.3%) rallied today, but 2012 still hasn't been kind to them.
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  • Nov. 9, 2012, 2:42 PM
    First Solar (FSLR +2.9%) and SunPower (SPWR +3.6%) continue to have a good week. Hopes are up that Pres. Obama's re-election will mean the DOE's strong financial support for U.S. solar projects will remain in place. MEMC (WFR +3.8%) is also rallying. (previous)
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  • Nov. 8, 2012, 12:29 PM
    Spot prices for solar polysilicon have plummeted to roughly $15/kg in China, according to Digitimes, while contract prices continue to hover around $20/kg. Those numbers suggest the losses incurred by local polysilicon vendors such as LDK and Yingli (YGE) are about to worsen. Western producers such as MEMC (WFR) have been estimated to have a variable cost around $25/kg. (anti-dumping probe)
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  • Nov. 8, 2012, 5:17 AM
    The ITC yesterday voted 6-0 that U.S. solar-panel manufacturers have been harmed by illegal dumping from their Chinese rivals, opening the way for the Commerce Department to impose tariffs. The department has said these will mainly be 24%-36%, although some face duties of up to 250%. North American firms in focus: SPWR, FSLR, CSIQ, WFR. China: JASO, CSUN, STP, SOLR, SOL, YGE, LDK, CSUN
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  • Nov. 7, 2012, 6:07 AM
    MEMC Electronic Materials (WFR): Q3 EPS of $0.30 beats by $0.42. Revenue of $708.9M (-17.5% Y/Y) beats by $203M. (PR)
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Company Description
SunEdison Inc is adeveloper and seller of photovoltaic energy solutions, an owner and operator of clean power generation assets. The Company is also engaged in the development, manufacture and sale of silicon wafers to the semiconductor industry.