One of my new year's resolutions is to try and find the positive side of things so I would hope not to begin as many of my posts with things like "colossal failure", but in the case of the passage of a 'do-nothing-to-reduce-the-debt' bill, I find myself with little choice but to say "Just when you thought it was not possible for Congress to fail any more than they have already, they go ahead and surprise you"
But this is not the reason for my post. There will be plenty of time to debate 'driving this country into a deeper chasm' at a later date.
My question revolves around one of the provisions of the bill....the renewable energy tax credit:
The tax credit for renewable energy companies will be extended for another year.
Has this credit already applied to ADES or only to the more traditional renewable industries like wind and solar?
No impact to ADA-ES, other than the credits which were included create investments options for tax investors (competition). There is pressure in congress to stop passing out tax credits. This said, ADA's credit is vested and eventually sunset. Thus repeal is highly unlikely (because they sunset).
Should be a good 2013 for ADA - I think we'll need to wait for mid year to be hitting on all cylendars. At this point, I'm hoping for a pull back to add shares.