Solar Shares Jump; Senate Adds Solar ITC to Bailout Bill

October 1, 2008 at 6:41 am PT

Solar industry shares are off to a rousing start this morning on news that the Senate plans to add the stalled “tax extender” legislation, which includes an eight-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.

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Tagged with: “tax extender”, Barclays, Barrons, Cowen, Eric Savitz, frontpage, House of Representatives, Robert Stone, Senate, solar industry, solar investment tax credit, Tech Trader Daily, Vishal Shah

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