Here Comes the Sun: Solar Stocks Come Roaring Back
Solar stocks today have come back to life, with many stocks posting double-digit gains. The gains come as the big Solar Power International trade show gets under way this morning in San Diego. The solar stocks have been punished in recent weeks by concerns about the potential impact on the industry of tighter credit market conditions, which have overwhelmed the good news of Congressional approval of an eight-year extension of the 30 percent U.S. investment tax credit.
While the broad market has staged a stunning rally today, solar stocks are nonetheless dramatically outperforming.