ADA-ES Up 16.3% After Hitting 52-Week High (ADES)

Shares of ADA-ES, Inc. ADES are currently up 16.3% at $11.36 per share during Monday afternoon trading. Earlier today, the company announced that the Tax Relief and Job Creation Act of 2010 extended the “placed-in-service” date for the Section 45 tax credits by two years to January 1, 2012. This will give Clean Coal Solutions, the company's 50% owned joint venture with NexGen Refined Coal, an additional year to sell and install facilities that produce Clean Coal Solutions' patented Refined Coal product, CyClean, and to qualify the company for the ten-year tax credits of approximately $6.20 per ton. Today's trading range for shares of ADA-ES, Inc. ADES has been between $10.00 and a 52-week high of $11.70 per share. The consensus price target of analysts covering the company's stock is $8.25 per share. Volume of 353,000 shares is already more than 11 times the daily average volume of 30,000 shares. ADA-ES, Inc. (ADES) is a leader in clean coal technology and the associated specialty chemicals, serving the coal-fueled power plant industry. The company's proprietary environmental technologies and specialty chemicals enable power plants to enhance existing air pollution control equipment, minimize mercury, CO2 and other emissions, maximize capacity, and improve operating efficiencies, to meet the challenges of existing and pending emission control regulations. Read more from Benzinga's Company news.