Solar ETFs Ablaze After MEMC Q4 Beat, Obama Speech
Solar energy ETFs heated to new highs Wednesday after MEMC Electronic Materials (WFR) eclipsed fourth-quarter estimates and President Obama in his State of the Union speech the night before called for more green energy. Guggenheim Solar (TAN) surged 1.45% and Market Vectors Solar Energy (KWT) 2.67%, each climbing to nine-month intraday highs. As the No. 1-performing industry group this year, they've vaulted 22% year to date and an eye-popping 44%
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