Why Solar Stocks Plunged Today
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, falling 40%, 9.1%, and 5.2%, respectively, as of 12:50 p.m. ET.
Solar stocks took it on the chin -- especially residential rooftop solar providers -- after the "big, beautiful" tax and spending bill passed the Republican-controlled House of Representatives this morning.
While it was expected that the bill would phase out some of the Inflation Reduction Act's renewable energy tax credits over time, the House bill was actually even worse than feared for the solar industry. The bill now phases out most clean-energy tax credits for utility projects either begun more than 60 days after passage or placed into service after 2028. The bill also restricts foreign entities' involvement in renewable energy projects, making it even more difficult for developers to deploy projects within the tight time frame.
Source Fool.com
AES Corporation Aktie
Des weiteren hat AES Corporation derzeit 11 Buy-Einschätzungen und 1 Sell-Einschätzungen durch unsere Community zu Buche stehen.
Ein negatives Potenzial von -1.64% für AES Corporation, trotz eines Kursziels von 12 €, das niedriger als 12.2 € ist.
