From Investor's Business Daily, August 18:
The stock market believed that President Donald Trump's "Big Beautiful" budget was a death knell for solar, with its cuts to clean energy and doubling down on fossil fuels. However, solar stocks are not dead and the sector broadly advanced Friday as the Treasury department issued guidance for clean energy projects to receive federal tax incentives.
On Monday, Sunrun (RUN) and NextTracker (NXT) roared higher after upgrades, to outperform and buy, respectively. Sunrun added 10.4%, NextTracker climbed more than 8%, at Monday's stock market open.
On Friday, the 27 stocks in the IBD-tracked Energy-Solar industry group collectively jumped 11.6%. Leading the charge, Sunrun galloped 32.8% higher on Friday' stock market trade, while and SolarEdge Technologies (SEDG) advanced slightly more than 17%.
Meanwhile, Nextracker jumped 12.2% and First Solar (FSLR) angled 11% higher Friday.
The advance of solar stocks late last week followed Friday's Department of the Treasury release which made clear that wind and solar projects can qualify for federal tax credits if they have either begun "physical work" or a 5% investment in projects by July 2026.
Guidance A Positive For Solar
Analysts responded positively to the Trump administration's guidance....
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