Jinko and First Solar Rise on Renewable-Energy Bill
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JinkoSolar Holding Co. and First Solar Inc. were among solar companies that surged after four U.S. senators introduced legislation that would let renewable-energy projects qualify for a tax-advantaged corporate structure currently used by oil, natural gas and pipeline projects.
Jinko rose 14 percent to $6.49 at the close in New York, the most since April 9. First Solar gained 12 percent and the NYSE Bloomberg Global Solar Energy Index of 103 members rose 2.6 percent.