December 16, 2015 / 4:28 PM / 2 years ago

BUZZ-Solar companies: Investors bet on extension of U.S tax credits

(Updates)

** Solar companies’ shares rise after U.S. lawmakers reach deal that may extend investment tax credits beyond 2016

** An approval of deal will boost demand for residential and commercial solar installations in the United States

** Solar stocks adding to gains over past two days, following Paris climate agreement

** Enphase Energy Inc up 57 pct. Roth Capital Partners upgrades to “buy” from “neutral”, saying ITC extension could lead to “meaningfully higher volumes” in the U.S. as the company is highly exposed to residential markets in the country

** Solaredge Technologies Inc up 16 pct, Canadian Solar Inc up 11 pct, Solar3D Inc up 7.4 pct

** SunEdison Inc up 21 pct, yieldco TerraForm Power Inc up 7.5 pct

** Sunrun Inc up 20.2 pct, SolarCity Corp up 27.4 pct, SunPower Corp up 17.2 pct, First Solar Inc up 10.4 pct

** MAC Global Solar Energy Index was up 7.4 pct (Reuters Messaging: sneha.banerjee.thomsonreuters.com@reuters.net)

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