Solar, Wind Shares Jump as U.S. Nears Deal on Tax Credits
- Congress would extend credits five years in oil-export deal
- Federal wind credit expired in 2014; solar subsidy phasing out
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Shares of U.S. clean-energy companies jumped Tuesday as Congress neared a deal that would revive or extend tax credits for the wind and solar industries.
SunEdison Inc., the world’s biggest renewable-energy developer, rose 13 percent at the close in New York while rooftop solar provider Sunrun Inc. gained 4.3 percent. Wind-farm builder Pattern Energy Group Inc. climbed 4 percent.