Solar, Sunrun and Tax Bill
Digest more
The troubled, $20 billion US residential solar market’s future rests on whether Senate Republicans will challenge their brethren in the House of Representatives and change provisions of the massive tax and spending bill that executives and analysts alike say would devastate the industry.
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 sweeping bill passed by House Republicans would effectively repeal key tax credits that have supported the rapid growth of solar power in the U.S. The solar industry warns the bill would result in job losses, higher electricity prices and less generation at time when demand is growing. Solar stocks broadly sold off on Thursday.
We recently published a list of 10 Firms Drenched in Red Today. In this article, we are going to take a look at where Sunrun Inc. (NASDAQ:RUN) stands against other firms that are drenched in red today.
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.
Sunrun is undervalued despite challenges. Click here to see why rising utility rates and strong revenue growth make RUN stock a potential investment opportunity.
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,