From Reuters, June 16:
Shares of U.S. solar energy companies tumbled in extended trade on Monday after Republicans who control the U.S. Senate Finance Committee unveiled changes to President Donald Trump's sweeping tax-cut and spending bill that would phase out solar, wind and energy tax credits by 2028.
Shares of Enphase Energy (ENPH.O), which makes solar inverters, dropped 15% in after hours trade. Solar panel sellers Sunrun (RUN.O), and SolarEdge Technologies (SEDG.O), both tumbled more than 20%. First Solar (FSLR.O), lost 9%....
....MUCH MORE
In early pre-market trade First Solar is down $20.44 (-11.66%) at $154.81.
This stuff is all political and investors must keep an ear to the political ground or risk tremendous losses. There are only two viable approaches to rentseeking investing with politicians: buy 'em or play 'em.
The first inductee into the prestigious Climateer "Our Hero" Hall of Fame (posted many, many times) stated the relationship explicitly. And we have taken his words as our mantra for alt-energy/green investing.
For investors in rent-seeking organizations there is the real risk that the politicians will change the rules. Heed the words of Sen. Simon Cameron (R&D!-Pa.), the 26th Secretary of War:
Our Hero
