So What Happened to Solar Stocks This Time?
OK, now what’s wrong?
Just yesterday, the ever-volatile solar stocks staged a nice rally, while investors celebrated as the Senate tacked an eight-year extension of the solar investment tax credit onto the incredibly bloated financial bailout bill, which passed last night by a wide margin. The bill now goes over to the House. If approved in its current form, the bill would extend the current 30 percent tax credit for solar panel installations through 2016. That would be a relief for the domestic solar industry, which has been fretting for months about the possibility that the credit might not be renewed when the current credit expires at the end of this year.