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Re: mick post# 347

Sunday, 02/05/2006 11:54:38 AM

Sunday, February 05, 2006 11:54:38 AM

Post# of 708
The proposed government investment doesn't amount to much when scaled against the billions the government spends elsewhere. However, relative to what has been spent in the past, the funding is promising, Quealy said.

While $150 million is a drop in bucket for the government, "$150M focused specifically on solar materials is quite large," he said. "There was a little bit of investor anticipation and letdown in terms of magnitude of dollars. But take a step back, and it still is very positive."

In the solar sector, shares of Evergreen Solar Inc. dropped 43 cents, or 2.8 percent, to $15.00; shares of Sunpower Corp. fell 35 cents to $39.65 and shares of Energy Conversion Devices Inc. slipped 36 cents to $50 on the Nasdaq. All three stocks had climbed sharply over the past few days, with Evergreen and Sunpower hitting 52-week highs on Tuesday.




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