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 (INDEX: ^DJI) 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 (BIOF 1.38%) soaring 33%. Check out the video below for more alternative-energy market movers.
The deal averting the fiscal cliff was a big victory for renewables.
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Joel is a University of Washington graduate and covers energy and materials for The Motley Fool. Be sure to follow The Motley Fool's energy and materials Twitter for all your energy and materials coverage.
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