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Solar energy stocks rise on leader’s prospects

News Update: CNNMoney.com report today:

NEW YORK (Associated Press) – Solar energy stocks jumped Friday as analysts said one of the sector’s leaders is well positioned for revenue and earnings growth.

PacificCrest analyst Mark Bachman, in a client note about SunPower Corp., said domestic demand is “running ahead of expectations set just three months ago, attributed to the possible lapse of the investment tax credit. U.S. customers are pulling projects into 2008 to avoid the uncertainty.”