Solar, Sunrun and Tax Bill
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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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TipRanks on MSNSolar Stocks Bounce Back as Senate Disagrees with Clean Energy CutsSolarEdge Technologies ($SEDG), and Enphase Energy ($ENPH) bounced back on Friday after taking a big hit the day
The GOP bill is a "worse than feared" scenario for clean energy, as it takes a "sledgehammer" to the Inflation Reduction Act, Jefferies analysts led by Julien Dumoulin-Smith told clients in a note.
Closing: Markets will watch Senate amendments and any White House signals before the bill's floor vote.
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,
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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