Shares of San Mateo, California-based SolarCity Corp (SCTY) have risen nearly 27%, or more than 11 points, on heavy volume in midday trading Wednesday, the most intraday in more than two years, after Congressional leaders reached a deal last night that includes a five year extension for the 30% Investment Tax Credit (ITC) for residential and commercial solar systems, which is scheduled to end at the end of 2016.
Other solar names on a tear include: SunPower Corp (SPWR) up 11.26% ; SunEdison (SUNE) up $0.88, or 17.78%, at $5.83, and First Solar (FSLR) up $4.66, or 7.79%, at $64.49.
Shares of Tesla Motors, Inc. (TSLA) continue to surge on Wednesday, up $8.93, or 4.04%, at $230.02. Not seeing any news or rumors to account for the move. That said, and technically speaking, ticker has gained momentum after rallying out of its 2-week pullback.
Shares of Heartland Payment Systems, Inc. (HPY) are higher by 8 points in midday trading on Wednesday.
After rising to a $95.16 intraday high, shares of the $3.43 billion market cap company recently traded at $93.41, putting them on track to extend their 2015 gain of 73.16%.
HPY has a 52-week range of $46.65 to $95.16. Ticker is up 64.80% year-over-year, compared with a 1.52% gain in the S&P 500.
Shares of Shire plc (SHPG) are up by 3.88%, or $7.47, to $197.80 in mid-day trading on Wednesday.
In the past 52 weeks, the Dublin, Ireland-based biopharmaceutical company have traded between a low of $184.69 and a high of $270.63, which is 46.53% above that low price. Over the past 5 trading sessions the stock has lost 5.53%. Ticker is down 8.39% year-over-year and 10.14% year-to-date.