Shares of several solar companies rose sharply on Thursday after Democratic Sen. Joe Manchin agreed to support a bill that would grant a variety of clean energy incentives. The bill also aims to raise corporate taxes, lower national debt, invest in energy technologies, and lower prescription drug costs. First Solar Inc (FSLR.US) and SunPower (SPWR.US) both are trading nearly 15% higher, Sunrun (RUN.US) jumped 26%, and Enphase Energy (ENPH.US) rose over 4.0%.
Sunrun (RUN.US) launched today's session with a massive bullish price gap, however buyers failed to break above 200 SMA (red line) at $32.00 level. Nevertheless as long as price sits above major support at $28.00 further upward move is possible. Source: xStation5
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile appThis content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
