Obvious Losers, Unexpected Winners As Tax Bill Passes Senate
NextEra Energy (NYSE:NEE) slipped another 1.2% on Wednesday, compounding earlier losses, while AES Corp. (NYSE:AES) closed flat after a two-day decline of more than 6%. Shoals Technologies (NASDAQ:SHLS), already down over 14% on Monday, dropped another 3.6% Wednesday. Nextracker (NASDAQ:NXT) slid 2.4%, and Enphase Energy (NASDAQ:ENPH) shed another 4.2%, extending its weekly decline past 15%.
Array Technologies (NASDAQ:ARRY) was down 1.8% Wednesday, failing to recover from Monday's -10.1% plunge, as investors reassessed the near-term pipeline risk from the new operational deadline for tax credit eligibility.
But There Are Winners, Too …
Sunrun (NASDAQ:RUN) added 2.7% Wednesday, bringing its weekly gain to nearly 17% as markets priced in a more favorable outlook for distributed solar. First Solar (NASDAQ:FSLR) advanced another 1.5% on the day following two strong sessions. Analysts at Jefferies upgraded the stock, calling it a key winner from U.S. content incentives and tariffs on Chinese materials.
Fluence Energy (NASDAQ:FLNC) and Eos Energy Enterprises (NASDAQ:EOSE), both operating battery storage projects in the U.S., gained 3.1% and 2.5% respectively. As noted here, traders continue rotating into companies best positioned to meet the new sourcing and operations deadlines.
And Hydrogen is getting a boost, as well.
Hydrogen stocks surged for a third straight session after the Senate unexpectedly extended the 45V clean hydrogen production tax credit to 2027. Plug Power (NASDAQ:PLUG) soared another 8.2% Wednesday, bringing its three-day gain to more than 40%. Bloom Energy (NYSE:BE) added 3.4%, and Ballard Power Systems (NASDAQ:BLDP) rose 2.2%, supported by increasing optimism that delayed U.S. hydrogen projects will now move forward under more favorable terms.
Coal, nuclear, and legacy energy stocks have also caught the tailwinds.
Steelmaking coal producers continued to gain on Wednesday after the bill granted critical minerals tax credit eligibility to metallurgical coal. Alpha Metallurgical Resources (NYSE:AMR) rose 1.9%, Warrior Met Coal (NYSE:HCC) added 2.4%, and Peabody Energy (NYSE:BTU) was up 1.5%.
Meanwhile, uranium and nuclear-linked equities also saw light buying as the bill preserved tax credits for non-carbon baseload power including nuclear, hydro, and geothermal. Cameco (NYSE:CCJ) and Constellation Energy (NASDAQ:CEG) rose modestly, up 0.7% and 1.1% respectively.
Policy In the Volatility Driver's Seat
The Senate bill tightens tax credit qualification rules by requiring renewable projects to be operational by 2027, rather than just under construction. It also levies new taxes on projects that use Chinese-sourced materials and allows some carveouts for clean hydrogen and domestic manufacturers.
According to Rhodium Group estimates, the combination of tax loss and China-linked penalties could raise project costs by up to 20%, with developers likely to pass that through in electricity prices. The American Clean Power Association warned of an 8–10% rise in consumer electricity bills if the proposal is enacted.
With the bill headed back to the House for reconciliation, market participants are bracing for additional volatility. Fiscal conservatives are expected to contest the Senate version's deficit impact—estimated to add roughly $1 trillion more than the House-passed bill from May. For now, traders are positioning around likely winners with U.S.-centric supply chains, while pricing in risk for utility-scale developers with international exposure.
By Alex Kimani for Oilprice.com
More Top Reads From Oilprice.comRead this article on OilPrice.com
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
29 minutes ago
- Yahoo
2 Small-Cap Stocks to Research Further and 1 to Think Twice About
Investors looking for hidden gems should keep an eye on small-cap stocks because they're frequently overlooked by Wall Street. Many opportunities exist in this part of the market, but it is also a high-risk, high-reward environment due to the lack of reliable analyst price targets. The downside that can come from buying these securities is precisely why we started StockStory - to isolate the long-term winners from the losers so you can invest with confidence. That said, here are two small-cap stocks that could be the next 100 baggers and one that may have trouble. Market Cap: $481.1 million With its first trailer reportedly built on two sawhorses, Wabash (NYSE:WNC) offers semi trailers, liquid transportation containers, truck bodies, and equipment for moving goods. Why Should You Sell WNC? Backlog has dropped by 32.8% on average over the past two years, suggesting it's losing orders as competition picks up High input costs result in an inferior gross margin of 13.9% that must be offset through higher volumes Earnings per share decreased by more than its revenue over the last five years, showing each sale was less profitable Wabash is trading at $11.49 per share, or 12.1x forward P/E. Check out our free in-depth research report to learn more about why WNC doesn't pass our bar. Market Cap: $8.08 billion SPX Technologies (NYSE:SPXC) is an industrial conglomerate catering to the energy, manufacturing, automotive, and aerospace sectors. Why Could SPXC Be a Winner? Annual revenue growth of 13.5% over the past two years was outstanding, reflecting market share gains this cycle Operating profits and efficiency rose over the last five years as it benefited from some fixed cost leverage Earnings per share grew by 25.5% annually over the last two years, massively outpacing its peers SPX Technologies's stock price of $173.03 implies a valuation ratio of 27.2x forward P/E. Is now the right time to buy? Find out in our full research report, it's free. Market Cap: $2.08 billion Pioneering the concept of "agile aerospace" with hundreds of small but powerful satellites, Planet Labs (NYSE:PL) operates the world's largest fleet of Earth observation satellites, capturing daily images of our planet to provide insights on deforestation, agriculture, and climate change. Why Are We Positive On PL? Impressive 21.3% annual revenue growth over the last five years indicates it's winning market share this cycle Additional sales over the last two years increased its profitability as the 27% annual growth in its earnings per share outpaced its revenue Historical investments are beginning to pay off as its returns on capital are growing At $6.85 per share, Planet Labs trades at 7.2x forward price-to-sales. Is now the time to initiate a position? See for yourself in our in-depth research report, it's free. Market indices reached historic highs following Donald Trump's presidential victory in November 2024, but the outlook for 2025 is clouded by new trade policies that could impact business confidence and growth. While this has caused many investors to adopt a "fearful" wait-and-see approach, we're leaning into our best ideas that can grow regardless of the political or macroeconomic climate. Take advantage of Mr. Market by checking out our Top 5 Growth Stocks for this month. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Tecnoglass (+1,754% five-year return). Find your next big winner with StockStory today for free. Find your next big winner with StockStory today. Find your next big winner with StockStory today Sign in to access your portfolio
Yahoo
30 minutes ago
- Yahoo
Kevin Wood of Wood's Mercantile Shares Insights as In-Home Design Consultation Clarkesville Expert in HelloNation
CLARKESVILLE, Ga., July 04, 2025 (GLOBE NEWSWIRE) -- What are the benefits of in-home design consultations when selecting furniture and decor? According to Kevin Wood of Wood's Mercantile, understanding a client's lifestyle and spatial layout firsthand is key to furnishing a home that is both beautiful and functional. In a featured HelloNation article, Wood explains how personalized service through home visits offers insights that simply can't be matched in a traditional showroom environment. Wood shares that in-home consultations allow design professionals to assess room size, natural lighting, color schemes, and the homeowner's routines. This detailed perspective enables better recommendations for furniture layout, coordination of finishes, and selection of accessories. Whether adapting a sectional for an open-concept mountain home or addressing traffic flow in a smaller living room, Wood's team tailors each solution to the unique needs of Clarkesville and North Georgia families. Years of experience and a community-focused approach define the Wood's Mercantile philosophy. Rather than selling furniture as standalone items, the emphasis is on helping clients create spaces that are both livable and expressive of their personal style. That philosophy is at the heart of 'Designing with Purpose and Freedom: The Importance of In-Home Consultations,' now featured in HelloNation. About HelloNationHelloNation is a premier media platform that connects readers with trusted professionals and businesses across various industries. Through its innovative 'edvertising' approach that blends educational content and storytelling, HelloNation delivers expert-driven articles that inform, inspire, and empower. Covering topics from home improvement and health to business strategy and lifestyle, HelloNation highlights leaders making a meaningful impact in their communities. Patrick McCabeinfo@ photo accompanying this announcement is available at in to access your portfolio
Yahoo
31 minutes ago
- Yahoo
Latest News In Electric Vehicles - Revolutionizing Transportation The Future of eVTOL Vehicles
The flying car market, or electric vertical takeoff and landing (eVTOL) sector, is anticipated to revolutionize urban transportation by enabling vehicles to operate both on roads and in mid-air, which could alleviate congestion and offer sustainable mobility solutions. Recent research projects that the market will grow significantly from a value of USD 264.5 billion in 2025 to USD 6.56 trillion by 2034, fueled by advancements in battery technology, electric propulsion, and autonomous flight systems. Developments in regulatory frameworks, as well as strategic partnerships among eVTOL manufacturers, battery suppliers, and infrastructure developers, are paving the way for commercialization. Expanded pilot programs and successful test flights are also enhancing the operational feasibility of these airborne vehicles. Elsewhere in the market, was a standout up 5.9% and ending trading at ₹34,388.50. In the meantime, lagged, down 3% to end the day at CN¥67.70. Bosch is strategically positioned to benefit from increasing electric vehicle demand. Discover more about Bosch's investment potential by clicking here. For more insights, read our Market Insights article on the turbulent transition to greener energy, highlighting renewable investment opportunities amid market challenges. Get in fast! finished flat at, $315.35. Two days ago, the company reported second-quarter 2025 production of 410,244 vehicles and deployment of 9.6 GWh of energy storage. settled at HK$121.50 down 1.2%. The company announced on 2 July that it will take over direct distribution in Sweden to support long-term growth in Europe. Dive into all 58 of the EV Stocks we have identified, like Chongqing Qianli Technology, Subaru and Ningbo Tuopu GroupLtd, right here. Searching for a Fresh Perspective? We've found 16 US stocks that are forecast to pay a dividend yeild of over 6% next year. See the full list for free. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sources: Simply Wall St "Flying Cars Market Research Report 2025-2034 | eVTOL Innovations Propel Revolutionary Urban Transformation, Strategic Alliances Fuel Flying Cars Ecosystem, Boosting Infrastructure and Sustainability" from Research and Markets on GlobeNewswire (published 04 July 2025) Companies discussed in this article include BSE:500530 NasdaqGS:TSLA SEHK:1211 and SZSE:300274. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
