Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Most of the solar sector jumped on news that the Obama administration is committed to continue supporting loans for clean-energy companies, despite the risks. Shares of First Solar
So what: It's a big step for the feds in the wake of the scandal at Solyndra. But it's also probably the right move if the long-term goal is reducing dependence on fossil fuel alternatives. Falling panel prices have cut into company profits even as U.S. solar installations have doubled over the past year, The Associated Press reported.
Now what: Judging by today's action, investors consider First Solar to be one of the likely long-term winners. Others to close up big today were Chinese operators JA Solar
Interested in more info on First Solar? Add it to your watchlist.