MEMC Electronic Is Looking to Shine

This article originally ran on RealMoney at 11:06 a.m. EDT; it's being republished as a bonus for TheStreet.com readers.

Many market participants dread the inevitable market corrections that we suffer periodically, but if you have been building some cash reserves, they can provide some great opportunities. When the market is running like it did this past fall we often find ourselves struggling to buy stocks that have run up too much and too quickly.

When the market is undergoing a correction we can begin to stalk some of our favorites that we might have missed earlier. My main task during times of market struggle is to look for those stocks that are going to outperform once things improve.

During the most recent downturn I had an opportunity to look very hard at solar energy stocks. The group became very active a few months ago and a number of stocks in the group -- such as First Solar (FSLR Quote), Trina Solar (TSL Quote), Daystar Technologies (DSTI Quote) and Ascent Solar (ASTI Quote) -- made big moves but have pulled back with the broader market in recent weeks. ...