Solar products makers rise on tax credit optimism Tuesday May 13, 11:00 am ET Improving prospects for extension of investment tax credit lifts solar products makers' shares
NEW YORK (AP) -- Shares of solar products makers rose Tuesday on improving prospects for a continuation of an investment tax credit that has encouraged investment in the industry. Citi Investment Research analyst Timothy M. Arcuri, writing in a client note, said 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 than the one-year extension that has been discussed to date. The House is hoping to pass a bill before the Memorial Day recess."
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