Solar stocks plunge on Senate bill’s tax-credit phaseout
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1st artificial solar eclipse captured in orbit
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On Tuesday, the Senate Finance Committee proposed speeding up the elimination of tax credits for solar and wind energy. Under current law, these do not expire until 2032; under the new proposal, they would be reduced by 60% next year and phased out entirely in 2028.
First Solar, with a $15 billion market cap, is one of the largest players in the clean energy sector. That size brings added “redemption risk”, the risk that a shift in sentiment or policy could drive institutional selling. That’s exactly what we’re seeing the beginning of in the market now.
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Sunrun, First Solar, and SolarEdge Stocks Trade Down, What You Need To KnowA number of stocks fell in the morning session after a U.S. Senate panel proposed phasing out solar and wind energy tax credits by 2028, raising concerns about future profitability and project viability for solar companies.
Solar stocks tumbled after Senate Republicans maintained a full phase-out of [solar and wind-energy tax credits](
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Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies making news on Wall Street.
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $205.89, along with a high estimate of $275.00 and a low estimate of $100.00. Highlighting a 9.69% decrease, the current average has fallen from the previous average price target of $227.97.
U.S. stock futures fell Tuesday on rising concerns about the Israel-Iran conflict, ahead of the release of key retail sales data and the start of a two-day Federal Reserve meeting. Here are some of the biggest premarket U.
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Zacks Investment Research on MSNFirst Solar (FSLR) Dips More Than Broader Market: What You Should KnowIn the latest trading session, First Solar (FSLR) closed at $143.90, marking a -17.89% move from the previous day. The stock trailed the S&P 500, which registered a daily loss of 0.84%. Elsewhere, the Dow lost 0.