From Barron's June 30:
Sunrun, Enphase Energy and other solar stocks were falling in premarket trading Monday after the latest version of the Senate’s big tax and spending bill delivered a surprise blow to the sector.
The draft bill would phase out tax credits for large-scale wind and solar projects by the end of 2027—earlier than in previous drafts. Projects must now be in service by Dec. 31, 2027 to qualify. The latest version also includes a surprise new tax on projects that use supplies from China, the world’s biggest source of renewable energy equipment.
Enphase Energy fell 4.8% ahead of the open Monday, while Sunrun pointed 4% lower, SolarEdge plunged 7%.
However, it wasn’t all doom and gloom for the industry—shares of First Solar, the largest U.S. solar manufacturer jumped 3.5% in premarket trading. GE Vernova, another clean energy manufacturer, rose 1.1%....
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Politico titled their story (June 28):
‘Kill shot’: GOP megabill targets solar, wind projects with new tax
