Latest news with #FirstSolar
Yahoo
15 hours ago
- Business
- Yahoo
Solar Stocks Plunge on Credit Expiry--Sunrun, First Solar Defy the Downturn
July 1 - Most of the Solar stocks plunged on Monday after the Senate's draft tax-and-spending bill accelerated the phase?out of renewable energy credits and hit Chinese imports with a new levy, but why did Sunrun and First Solar surge? Warning! GuruFocus has detected 5 Warning Sign with NXT. The proposal would end federal tax incentives for large?scale wind and solar projects on Dec. 31, 2027, two years sooner than before, a move that rattled developers and sent utility installers lower. Residential solar credits would also expire Dec. 31 of this year, mirroring the House version. A tariff on components from China, the world's top supplier of panels and inverters, was added to encourage U.S. manufacturing by making domestic products comparatively cheaper. Sunrun (NASDAQ:RUN), the largest U.S. residential installer, climbed more than 5% as the bill extends certain investment tax credits for companies using non?Chinese equipment. First Solar (NASDAQ:FSLR) jumped 9% on expectations that import duties will boost demand for its domestically made panels. Nextracker (NASDAQ:NXT) and SolarEdge (NASDAQ:SEDG) also rose after analysts pointed to similar advantages. But project developers warn that tighter deadlines and extra levies may shrink the pipeline of future installations and drive up consumer costs. Industry groups argue the changes could stall America's clean?energy growth. Enphase Energy (NASDAQ:ENPH) slid about 3%, NextEra Energy (NYSE:NEE) dropped 5% and AES (NYSE:AES) lost 6% as investors weighed the broader impact. The final text may still shift once lawmakers reconcile House and Senate versions, leaving the outlook for U.S. solar in flux. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
a day ago
- Business
- Yahoo
S&P 500 Gains and Losses Today: Index Closes Out Q2 With Another All-Time High
The S&P 500 added 0.5% on Monday, June 30, closing the second quarter at record levels amid optimism about trade talks. The Department of Justice struck a deal to approve the merger between Hewlett Packard Enterprise and Juniper Networks. Shares of both tech firms soared. Fortive shares moved lower after the provider of optimization software and services completed the separation of U.S. equities indexes pushed higher on the final trading day of the second quarter. The S&P 500 advanced 0.5%, reaching a record closing high as investors bid farewell to the second quarter of 2025. The Nasdaq was also up 0.5%, joining the S&P 500 in notching an all-time high for the second straight session. The Dow gained 0.6%. The U.S. Department of Justice said it approved a deal that will allow IT solutions firm Hewlett Packard Enterprise (HPE) to move forward with its proposed $14 billion purchase of networking specialist Juniper Networks (JNPR). The deal requires Hewlett Packard Enterprise to divest its Instant On wireless local area network (WLAN) business and make Juniper's AI Ops for Mist source code open to other firms, addressing regulators' concerns about limiting competition in the WLAN market. HPE shares surged 11.1%, notching the top performance in the S&P 500, while Juniper Networks shares added 8.4%. First Solar (FSLR) shares jumped 8.8% on Monday. Solar stocks have been under pressure as GOP budget proposals have stipulated the rapid phase-out of federal tax credits for rooftop solar installations. However, the latest version of the Senate's tax and spending bill included new taxes on imported renewable energy gear, providing a potential advantage to First Solar, the largest solar manufacturer in the U.S. After suffering the steepest drop in the S&P 500 heading into the weekend, shares of big data analytics software provider Palantir Technologies (PLTR) bounced back on Monday, adding 4.3%. The rebound came as Palantir announced a partnership with professional services giant Accenture (ACN) to collaborate on work with the federal government. Shares of Albemarle (ALB), the world's largest lithium miner, slipped 3.5%, suffering the steepest drop in the S&P 500. With the downturn on Monday, Albemarle stock gave back some of the strong gains posted last Thursday as an industry conference drew attention to cost-cutting measures carried out by producers in response to the prolonged slump in lithium prices. Optimization-focused software and services provider Fortive (FTV) completed the separation of its Precision Technologies segment, which began trading Monday as the independent company Ralliant (RAL). Ralliant shares tumbled 8.5% on the day of their New York Stock Exchange debut. Fortive shares fell 3.4%. Read the original article on Investopedia 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
Yahoo
a day ago
- Business
- Yahoo
Why First Solar (FSLR) Stock Is Trading Up Today
Shares of solar panel manufacturer First Solar (NASDAQ:FSLR) jumped 9% in the afternoon session after BMO analyst Ameet Thakkar highlighted positive news from the Senate's "One Big Beautiful Bill Act" (OBBBA). The analyst viewed the bill as a significant win for First Solar (FSLR) because it preserves a key tax credit. Thakkar added "OBBBA – is positive for First Solar (FSLR) as it removes the risk to reduction of 45X Advanced Manufacturing Production Tax Credit and that the company can continue booking $0.17/w of stacked credit vs falling to $0.07/w." Is now the time to buy First Solar? Access our full analysis report here, it's free. First Solar's shares are extremely volatile and have had 33 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about was 13 days ago when the stock dropped 20.3% after a U.S. Senate panel proposed phasing out solar and wind energy tax credits by 2028, raising concerns about future profitability and project viability for solar companies. The phasing out is expected to begin as early as 2026, diminishing the financial incentives that have been critical drivers of growth in the renewable energy sector. First Solar is down 11.6% since the beginning of the year, and at $164.93 per share, it is trading 35.5% below its 52-week high of $255.75 from September 2024. Investors who bought $1,000 worth of First Solar's shares 5 years ago would now be looking at an investment worth $3,332. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. 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
Yahoo
2 days ago
- Business
- Yahoo
Renewable energy shares mixed as U.S. Senate preserves some tax credits in Trump bill
By Tanay Dhumal (Reuters) -Shares of U.S. renewable energy firms saw a mixed performance in early Monday trading after the U.S. Senate advanced President Donald Trump's sweeping tax-and-spending bill. The final version preserved tax credits for solar leasing — an arrangement where a third-party owns and installs a solar panel system on a customer's property for a fee to use the system and the electricity it generates. The provision lifted several solar names after weeks of uncertainty. Shares of solar panel maker First Solar rose 7.1% at $163.00 while battery firms Sunrun climbed 7.8% to $8.01 and Fluence Energy gained 3.1% to $6.33. Earlier this month, a Senate panel had proposed phasing out solar and wind tax credits by 2028, as part of changes to Trump's spending bill, causing solar stocks to fall sharply. Shares of Bloom Energy jumped over 10% as the proposal reintroduced language qualifying fuel cells for tax credits while Plug Power also gained 16.5%, as the measure extended construction timelines to secure credits. Not all renewable stocks benefited. Shares of solar battery firm Enphase fell 2.3% to $39.95, while utility firm NextEra Energy, which owns a portfolio of renewable assets, declined 5.8% to $66.80. "We believe the passage of the updated One Big Beautiful Bill in the Senate has mixed implications for solar-linked clean energy stocks," RBC Capital Markets analysts said in a note. Analysts cautioned that the market reaction may stay subdued after weeks of volatility. "I think that in general, we will see mild reaction in the market today. So many of these stocks have already been pressured when the earlier versions of the bill came out, in both the House and Senate, over the past six weeks." said Raymond James analyst Pavel Molchanov. 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
Reuters
2 days ago
- Business
- Reuters
Renewable energy shares mixed as U.S. Senate preserves some tax credits in Trump bill
June 30 (Reuters) - Shares of U.S. renewable energy firms saw a mixed performance in early Monday trading after the U.S. Senate advanced President Donald Trump's sweeping tax-and-spending bill. The final version preserved tax credits for solar leasing — an arrangement where a third-party owns and installs a solar panel system on a customer's property for a fee to use the system and the electricity it generates. The provision lifted several solar names after weeks of uncertainty. Shares of solar panel maker First Solar (FSLR.O), opens new tab rose 7.1% at $163.00 while battery firms Sunrun (RUN.O), opens new tab climbed 7.8% to $8.01 and Fluence Energy gained 3.1% to $6.33. Earlier this month, a Senate panel had proposed phasing out solar and wind tax credits by 2028, as part of changes to Trump's spending bill, causing solar stocks to fall sharply. Shares of Bloom Energy (BE.N), opens new tab jumped over 10% as the proposal reintroduced language qualifying fuel cells for tax credits while Plug Power (PLUG.O), opens new tab also gained 16.5%, as the measure extended construction timelines to secure credits. Not all renewable stocks benefited. Shares of solar battery firm Enphase (ENPH.O), opens new tab fell 2.3% to $39.95, while utility firm NextEra Energy (NEE.N), opens new tab, which owns a portfolio of renewable assets, declined 5.8% to $66.80. "We believe the passage of the updated One Big Beautiful Bill in the Senate has mixed implications for solar-linked clean energy stocks," RBC Capital Markets analysts said in a note. Analysts cautioned that the market reaction may stay subdued after weeks of volatility. "I think that in general, we will see mild reaction in the market today. So many of these stocks have already been pressured when the earlier versions of the bill came out, in both the House and Senate, over the past six weeks." said Raymond James analyst Pavel Molchanov.
