Tuesday, September 23, 2008

Solar, Wind- Senate oks extending energy tax credits

I would expect the biggest pop in the U.S. based companies, ENER, ESLR, FSLR, SPWR and in the installer biz, AKNS.
Trina (TSL) has done a lot of groundwork to build U.S. market-share and has publicly stated that passage would increase their business, but I think the largest initial move will be in the first five names. This was bi-partisan and the White House has said they support the measure.
From Reuters:
The U.S. Senate on Tuesday approved a package to extend $18 billion in tax credits for using renewable energy sources like wind, solar and geothermal and also provide incentives to cut energy consumption....MORE