Investing Recovery Act - DuPont Solar Energy

The Recovery Act that Seeks to boost the US economy by funding projects for businesses, large and small.  One multi-billion dollar company that receives funding from the Recovery Act is Delaware based DuPont, which received $50 million dollar from Recovery Act's Advanced Energy Manufacturing, plus $6 million in state incentives to fund a $175 million expansion of DuPont's Circleville, Ohio solar application plant.  DuPont applied for the energy tax credit in parallel with the work with the Ohio Department of Development.  At the moment DuPont employs 1,300 people across Ohio with operations at 15 sites.


DuPont has market cap of nearly $42 billion dollars with shares trading near 52 weeks high at $46.21 per share at P/E ratio of 13.48.  DuPont provide great defensive investment with dividend of 41 cents per share equivalent to annual yield of 3.55%.  DuPont is part of the Dow 30 component and  is consider a stable stock attracting different level of investors.   DuPont's expansion into solar polar should allow it to keep its leadership in the new energy era.