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Monday, September 29, 2008

Senate Backs Wind, Solar Tax Breaks

Big news for Solar Industry, not just for the Financial Sector Bailout:

THE SENATE overwhelmingly passed legislation last week that would renew and expand tax incentives for wind, solar, and other energy sources as part of a $120 billion, 10-year tax package. Renewable energy firms had long sought the extensions because the current tax breaks terminate at the end of the year.

http://pubs.acs.org/cen/news/86/i39/8639notw7.html


But the solar stocks opened today lower, some breaking new lows, and until the markets stop the current downtrend, keep away from Solar.

But watch it closely...

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posted by Ertai at 9:31 AM | 0 comment(s)

Monday, September 08, 2008

Solar Stocks plunge

Even with the S&P500 positive for today, the technology sector is plunging, along with the whole solar sector.

Sun Tech Power and First Solar, Inc. are moving down around 6% for the day.

Even if above July and August lows, the solar industry seems too risky for any short term trades, but expect some high volatility if the market gets higher this week, after the latest US Government bailout news.



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posted by Ertai at 3:18 PM | 0 comment(s)