Solar stocks soar after US energy bill agreement

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

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