Solar Stocks Warm Up After Senate Backs Tax Credit Plan

Solar stocks are off to a rousing start this morning after the U.S. Senate last night voted 93-2 to back a tax extender package that includes an 8 year extension of solar investment tax credits. The measure now moves to the House.

AMAT: Citi Cuts Rating to Hold, Sees Samsung Cutbacks

Applied Materials (AMAT) shares are trading off sharply this morning after Citigroup’s Timothy Arcuri cut his his rating on the stock to Hold from Buy. He also cut estimates on KLA-Tencor (KLAC), Novellus (NVLS), Lam Research (LRCX) and Advanced Energy Industries (AEIS).