Solar-related stocks rallied Wednesday on the news that Congress plans to extend a solar investment tax credit by five years. First Solar (FSLR), SolarCity (SCTY), SunEdison (SUNE), SunPower (SPWR) and Sunrun (RUN) led the gains. Not only are their double-digit share-price increases substantial, they’re also significant: First Solar jumped 10% in big volume, gapping above a 59.95 buy point and hitting its highest level in 15 months. SolarCity
IBD’s Energy-Solar Group shone Wednesday after Congress planned to extend a key solar tax credit by five years. SolarCity (SCTY), SunEdison (SUNE), SunPower (SPWR) and Sunrun (RUN) stocks gapped up double digits. IBD’s 22-company Energy-Solar group was up more than 13% in midday trading on the stock market today, touching a four-month high. Big winners included No. 1 residential installer SolarCity, which was up 26% and hit a four-month high, and
First Solar (FSLR) stock continued down SunEdison’s (SUNE) path Thursday, experiencing the scorch of Wall Street’s apparent belligerence toward solar yield companies. In midday trading on the stock market today , First Solar stock was down more than 10% after missing analyst expectations for 2016 sales and gross margins late Wednesday. Shares closed down fractionally on Wednesday but were torched after hours and gapped down Thursday. Yield company