We missed this from Mr. Savitz this morning (last evening the WSJ reported the addition of the ITC and PTC to the bailout bill). Sorry.
From Tech Trader Daily:
Solar industry shares are off to a rousing start this morning on news that the Senate plans to add the stalled “tax extender” legislation that includes an 8-year extension to the solar investment tax credit to the pending bailout bill for the financial sector.In a research note this morning, Cowen’s Robert Stone notes that the Senate will add the tax extenders to the bill, which the Senate is expected to vote on later today. Vishal Shah, solar analyst at Barclays, asserts in a note this morning that Senate approval of the bill could be followed by a House vote on the measure as soon as tomorrow....MORE