Thank goodness we have doperson to explain to the board a compromise agreement in Congress doesn't mean an ITC extension is now the law of the land. Somebody should be paying you for being the board's personal Yoda. We are so lucky to have you tell us things we learned in 5th grade. Could you remind the board which end of a knife we are supposed to hold too?
Dec 15 (Reuters) - Shares in solar companies including Sunrun Inc and SunEdison Inc rose sharply on Tuesday as investors bet on an extension beyond 2016 of current investment tax credits.
The solar industry was also boosted Tuesday by a California Public Utilities Commission proposal to continue solar customer credits for electricity they contribute to the utility grid. Shares in SunEdison rose 12.6 percent to $5.05. Sunrun shares rose 4.3 percent to $9.49 after rising to $11.29. Federal tax credits - which boost residential and commercial installations - are under negotiation as part of an end-of-year, must-pass bill to fund the government through September 2016. Votes are expected on the legislation on Thursday.
"President Barack Obama had threatened to veto separate legislation lifting the export ban, but the White House isn't expected to oppose the overall spending bill simply because it includes the measure, according to congressional aides."
This is a compromise that gives congressional Republicans the lifting of the oil export ban and Democrats the ITC extension. So if Obama isn't going to oppose it what is to stop it from being signed in to law?
Hey dullardson, make sure you remind the board to look both ways before crossing the street.
Capable and knowledgeable? There are the bashers who write stupid posts for sport and then there are posters like dumberson who write stupid posts while proving the adage a little knowledge can be a dangerous thing. Sometimes it isn't what you know but what conclusions you draw from your knowledge. Nobody has been off the mark so far and so consistently as ditherson. It's hard to say which of his many mistaken assumptions is the most egregious but one that stands out is the repeated, erroneous claim that SUNE mispriced prior asset sales to the yieldco's and now "gave away the farm" with the recent sale. How obtuse can you be? His desperation to sound like an authority after getting it all wrong for so long is only exceeded by the demonstrably foolish belief SUNE's collapse had anything to do with any of the things he considered red flags. I'm glad you held on to your core position despite doperson's fear mongering. The best thing to do from here is take his posts for what they are, comic relief from a wannabe expert pretending to offer insights while wearing blinders.
The only explanation I can think of is I am long the stock. Otherwise it would be at the purchase price of $363.
It is public knowledge the offer will be around $375, Lew says he is currently powerless to stop it, and the stock is down in the PM. The only thing that explains those disparate facts is I'm long 500 shares by way of call options. If I had sold yesterday the stock would be opening at $360 where it should be.
A distressed sale for assets to Dominion may raise cash but it isn't going to do anything to calm investor fears over the big picture.
That was my takeaway too. Coming up with the idea of acquiring Vivint was dumb enough. Not cancelling the deal is even worse. I don't even own shares any more but I still find the whole mess fascinating.