Thursday, June 14, 2007

Sector Glance: Solar Cell Makers Up

Associated Press 06.13.07, 4:31 PM ET

Shares of solar cell makers climbed Wednesday after the U.S. Senate began debating a federal energy bill that could give the companies greater support.

Democratic Congressional leaders are looking to raise fuel efficiency standards and toughen punishments for oil price gouging. One Senator plans to propose a requirement that 15 percent of a utility's power come from renewable sources, including solar power.

Cowen & Co. analyst Rob Stone said a tax credit for solar energy investment would probably be included in the final version of the bill.

Here are how some key players in the sector fared Wednesday:

Trina Solar Ltd. shares jumped $1.86, or 4.8 percent, to end at $41.05.

First Solar Inc. stock rose $3.32, or 4.7 percent, to $74.36, and set an all-time high of $74.73.

JA Solar Holdings Co. gained $1.13, or 4.6 percent, to $25.68.

LDK Solar Co. added 80 cents, or 3.5 percent, to $24.

China Sunergy Co. picked up 41 cents, or 3.7 percent, to $11.42.

Solarfun Power Holdings Co. Ltd. advanced 25 cents, or 3 percent, to finish at $8.53.

Shares of Evergreen Solar Inc. moved up 40 cents, or 4.7 percent, to $8.88.

BTU International Inc. climbed 41 cents, or 3.1 percent, to $13.40.

No comments: