German Tariff Decision Boosts Solar

Shares of solar power companies rose after German lawmakers reached a tentative agreement on a smaller reduction in state subsidies to solar companies than some investors feared. Lawmakers agreed to cut the nation’s so-called feed-in tariff by 8 percent in 2009 and 2010, and 9 percent for each subsequent year. The law requires utilities to buy electricity from solar sources at fixed, above-market... 

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Polysilicon is a key component in solar cells.

Liang singled out Suntech Power Holdings Co. Ltd. as a favorite because weakening prices in the second half of the year could shake out the industry and leave Suntech in a stronger relative position. Suntech rose $3.84, or 8.6 percent, to $48.63. Elsewhere in the sector, shares of SunPower Corp. gained $6.80, or 7.6 percent, to $95.86, and First Solar Inc. rose $11.44, or 3.8 percent, to $315.51 Earlier,... 

Prospects for Solar Credits Boost Shares

Nothing but blue skies for shares of many solar products makers, as a Citi Investment Research analyst said prospects look good for continuation of government solar tax credits. Analyst Timothy M. Arcuri said in a client note that his “contacts indicate the House Ways and Means Committee is likely to propose a new bill that will extend most of the credits for at least several years — longer... 

Bush Calls for Greenhouse Gas Cap

In a Rose Garden speech, President Bush proposed stopping the growth of the nation’s greenhouse gas emissions by 2025 and urged other industrialized nations to set goals to address climate change. While setting a broad goal, the president offered only a general outline — and few specifics — about how to achieve the objectives. Friedman, Billings, Ramsey analyst Kevin Book in a client... 

Cypress to set up $50 million solar fab in India

Cypress Semiconductor is in talks with the government of Andhra Pradesh in southern India to set up a solar “fab center” that would produce solar cells and wafers. Cypress has mentioned India as a possible location for manufacturing solar cells that are in growing demand. The Philippines, where SunPower maintains an office, has also been mentioned as a possible location for the fab The... 

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