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Gold/Mining/Energy : SunPower Announces Initial Public Offering SPWR -- Ignore unavailable to you. Want to Upgrade?

To: Sidney Reilly who wrote (9)	1/12/2006 1:04:36 PM
From: Jim Oravetz	Read Replies (1) \| Respond to of 196

Solar Technology Cos. Up On Calif. Solar-Power Measure By TIM PARADIS January 12, 2006 12:27 p.m. Of DOW JONES NEWSWIRES NEW YORK -- Shares of solar-energy technology makers rose sharply Thursday, with several chalking up 52-week highs, ahead of the expected approval of a measure in California that analysts expect will bolster overall demand for photovoltaic energy. The California Public Utilities Commission and the California Energy Commission are scheduled to vote Thursday on an 11-year, $3.2 billion incentive program aimed at spurring installation of photovoltaic energy technology. "It's a very large measure and it's a long-term measure so it provides solar companies with incentives and visibility to undertake expensive expansion programs," said Jefferies & Co. analyst Jeffrey W. Bencik, noting that the industry already can't meet demand. The incentive represents roughly 3,000 megawatts of production, which is 2.5 times world-wide solar sales in 2004, Bencik said. Among the stocks that registered 52-week highs were: Energy Conversion Devices Inc. (ENER), up 6.1%; Evergreen Solar Inc. (ESLR) up 5.1%; Suntech Power Holdings Co. (STP) up 8.3%; SunPower Corp. (SPWR) up 1.6%.