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Gold/Mining/Energy : First Solar, Nasdaq: FSLR -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (394)	4/7/2008 10:42:52 AM
From: Eric	Read Replies (1) \| Respond to of 912

Sen Finance Panel Chmn To Unveil Energy Tax Bill 'Soon'-Aide Apr 7, 2008 07:39:20 (ET) (This article was originally published Friday) WASHINGTON (Dow Jones)--The U.S. Senate tax panel's top lawmaker plans to introduce a measure "soon" to extend tax credits for solar and wind projects, a spokesman said. The push by Senate Finance Committee Chairman Max Baucus, D-Mont., may inject fresh momentum into efforts to extend tax breaks for renewable-energy projects, depending on how the plan is financed. The solar and wind industries have been pressing for a quick extension, saying that business will slow down unless Congress acts quickly. The tax credits expire at the end of 2008. "He will introduce a bipartisan...package, including energy extenders, soon," a spokesman for Baucus said in an email. Baucus has been working with other top senators and the Bush administration "to develop an energy tax package that can win passage in both the House and in the Senate," he said, on condition of anonymity. Renewable-energy stocks and options surged Friday on optimism about a political deal. Stocks in Evergreen Solar Inc. (ESLR), First Solar Inc. (FSLR), SunPower Corp. (SPWR), Energy Conversion Devices Inc. (ENER) and Suntech Power Holdings Co. (STP) all rose at least 7% on Friday. The announcement came one day after Sen. Maria Cantwell, D-Wash., and Sen. John Ensign, R-Nev., unveiled a short-term extension of tax credits for renewable-energy projects. Under that plan, the tax credit wasn't financed by spending cuts or tax increases elsewhere, prompting a hardening of opposition in the U.S. House of Representatives. House leaders have strong objections to deficit-financed tax breaks, in part because of pressure from a coalition of fiscally conservative Democrats. The measures in Baucus' package will be funded, the spokesman said. The question is how to come up with the money to offset the budget shortfall created by renewable-energy tax extensions. Senate Republicans have repeatedly blocked efforts to extend those tax credits by taking away tax breaks from oil companies. If the Senate sticks to the same approach of replacing oil-company tax breaks with renewable-energy tax breaks, the tax-credit extension would remain in jeopardy.

To: Road Walker who wrote (394)	4/9/2008 8:48:38 AM
From: Hawkmoon	Read Replies (2) \| Respond to of 912

"Other thin-film companies (such as First Solar) are making single, large modules on glass with module efficiencies between 9 to 13 percent. So it's not as good as some of those companies, but this is a unique product because it's flexible and lightweight." Looks like the Solar sector is going to be filled with victims of "creative destruction".. Reports of a glut of PV out there.. Inexpensive competition coming on line.. New levels of efficiencies (CPV at +/- 40% conversion).. Hawk