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What: Shares of MEMC Electronic Materials
So what: The company actually missed analyst expectations but more than made up for that with a tremendously optimistic outlook on 2011. The report not only game MEMC a rocket boost, but also gave a push to solar-panel rivals from Trina Solar
Now what: MEMC's projections could be right or they could be wrong, but management would have to make a lot of faulty assumptions in order for 2011 to be anything but a good year in the solar-power industry. However, MEMC's stock looks expensive in relation to its habitually weak earnings and the best play on the sector probably lies elsewhere. Valuation matters, even in a hot sector.
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Fool contributor Anders Bylund holds no position in any of the companies discussed here. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool is investors writing for investors.