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Keyword: solarstocks

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  • Solar stocks plunge as Republican tax bill worse than feared for clean energy

    05/22/2025 8:05:56 AM PDT · by Red Badger · 38 replies
    CNBC ^ | May 22, 2025 | Staff
    Solar stocks plunged on Thursday after House Republicans passed a tax bill that terminates key clean energy credits. Residential solar installer Sunrun plummeted more than 35%. The legislation ends tax credits for installers like Sunrun that lease equipment to customers. The GOP bill is a “worse than feared” scenario for clean energy, as it takes a “sledgehammer” to the Inflation Reduction Act, Jefferies analysts led by Julien Dumoulin-Smith told clients in a note. Some 70% of the rooftop solar industry now uses lease arrangements, making the bill disastrous for companies like Sunrun, Guggenheim analyst Joseph Osha told clients. Enphase and...