Renewable Energy Wins Big

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The broad markets moved higher today after Congress agreed to a last-minute compromise to avert the fiscal cliff, with the Dow Jones Industrial Average rallying 2.35%. While analysts expected a compromise would be reached, investors were surprised when the bill extended tax credits for renewable energy and alternative fuels. Perhaps as a result, renewable energy companies were huge winners today, with highly levered firms such as BioFuel Energy soaring 33%. Check out the video below for more alternative-energy market movers.

Investors and bystanders alike have been shocked by First Solar's precipitous drop over the past 12 months, and now the stakes have never been higher for the company. Is it done for good, or ready for a rebound? If you're looking for continuing updates and guidance on the company whenever news breaks, we've created a brand-new report that details every must know side of this stock. To get started, just click here now.

The article Renewable Energy Wins Big originally appeared on Fool.com.

Joel South has no positions in the stocks mentioned above. Taylor Muckerman has no positions in the stocks mentioned above. The Motley Fool owns shares of Solazyme. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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