Solar stocks plunge
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Solar stocks saw a partial recovery Friday after sharp losses a day earlier, as Senate opposition grew against proposed clean energy rollbacks in the House's tax and spending bill. Wells Fargo analysts said the House bill presents a "worst-case scenario" for the residential solar industry,
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Nextracker, Array, Sunrun, and First Solar Stocks Trade Down, What You Need To KnowWhat Happened? A number of stocks fell in the morning session after a GOP bill was passed to end some of the tax benefits granted to clean energy companies during the Biden administration. The "tax and spending bill",
Shares of solar stocks, including rooftop solar provider Sunrun (NASDAQ: RUN), renewables-focused utility NextEra Energy (NYSE: NEE), and renewable power provider AES Corp. (NYSE: AES), plunged on Thursday,
Closing: Markets will watch Senate amendments and any White House signals before the bill's floor vote.
The House of Representatives passed a budget bill with last-minute amendments early Thursday morning that could spell doom for residential solar and
Subsidies for clean power would end years earlier in a giant tax and spending bill narrowly passed by the Republican-led House early Thursday, driving down shares of solar companies.
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Among the changes included in the bill that passed in the Republican-led House was revised language that would end certain tax credits for wind energy and solar energy by 2028, instead of a slower phase-out through 2031. The bill now moves to the Senate.
The share price of Sunrun Inc. (NASDAQ:RUN) fell by over 37% on May 22, 2025, wiping off almost $1 billion of value for its shareholders. Let’s shed some light on the matter. Sunrun Inc. (NASDAQ:RUN) is America’s leading provider of clean energy as a subscription service,