I sold last year, but still on the watch list along with SPIR, EMKR and AKNS.
> IMO-This is a key snip.
Large solar and wind projects take more than a year to plan, approve and construct, while geothermal and hydro projects take even longer "and will not get built without a long-term extension of the tax credits," according to the trade groups.
Message 24237786
The Solar Energy Industries Association (SEIA) has stated its apprehension that attempts by members of Congress to extend the federal renewable energy tax credits will be doomed by repeating the strategy that has already proven to be unsuccessful.
In its Feb. 11 edition of the SEIA Weekly Newsletter, the trade group noted the issue of tax credits was not dead, but it was still in trouble. "As early as this Wednesday, the U.S. House of Representatives is scheduled to take up renewable energy tax credits," said the newsletter. "The good news is that House leadership realizes the importance of trying to quickly extend and modify expiring tax credits. The bad news is that it looks like the House may attempt to pay for the renewable energy tax credits by seeking to repeal existing tax credits for the oil and gas industry. This exact strategy failed twice in the last session of Congress."
The SEIA noted the Democratic leadership in Congress was attempting to find an alternative solution for funding the tax credits that was "more acceptable to Republicans in the Senate and the Bush Administration." To date, no specific proposal has been publicly announced on Capitol Hill.
The SEIA also noted that an attempt by Sen. Maria Cantwell, D-Wash., to include the extension of the tax credits in the last week's economic stimulus package was unsuccessful, despite having 41 senators co-sign the measure; the Senate would require 60 votes to score a cloture vote to proceed to action on the bill, and the tax credit proposal was subsequently jettisoned in order to speed the bill into passage.
aer-online.com
Veeco Instruments Jumps on 4Q Profit
Tuesday February 12, 1:00 pm ET
Veeco Instruments Soars As 4th-Quarter Profit Rises on Scientific and Wireless Sales
NEW YORK (AP) -- Shares in Veeco Instruments Inc., a maker of precision manufacturing equipment, soared Tuesday on the company's fourth-quarter results, even if analysts were less than impressed.
It said Monday its profit more than doubled on strong demand from the wireless and scientific research markets and lower interest expenses.
Chairman and Chief Executive Edward H. Braun said in a statement that fourth-quarter orders were at the low end of the company's guidance, as a slowdown in data storage orders partially offset strength in wireless and scientific research.
In a note to investors, Citi Investment Research analyst Timothy M. Arcuri described the results as "solid, if unspectacular."
Arcuri said the company is establishing a much stronger track record of execution and credibility and welcomed the results despite ongoing uncertainty in the data storage market.
Shares rose $2.78 or 20.4 percent to $16.43 in afternoon trading.
biz.yahoo.com |
