Solar stocks slip as conservatives fight to end IRA tax credits sooner
Shares of several solar energy companies are slipping on Monday after conservative Republican lawmakers said they had secured a commitment from leadership to end key clean-energy tax credits earlier than planned as part of a deal aimed at allowing President Donald Trump's tax and spending package to advance. South Carolina Representative Ralph Norman said House leadership had agreed to a proposal to end Inflation Reduction Act tax credits earlier than Republicans' original proposal, though Norman didn't provide a new timeframe. In a post to X, Norman stated: 'After last night's budget vote, we made some progress. Yes, we're moving up Medicaid work requirements. Yes, we're putting an end to the Green New Scam subsidies. There are several bites at the apple, but more to be done. We have worked tirelessly to ensure President Trump's America First agenda is maximized in this bill. The US credit rating being downgraded is evidence of how our fiscal house is out of order. The American people deserve better, and it's high time our colleagues step up, get serious, and deliver the bold reforms this country needs.' Sunrun (RUN) fell as much as 8% Monday, while Enphase Energy (ENPH) was down as much as 5% and First Solar (FSLR) declined nearly 7%. Other publicly traded companies in the space include Array Technologies (ARRY), Canadian Solar (CSIQ), Emeren (SOL), FTC Solar (FTCI), JinkoSolar (JKS), Maxeon Solar (MAXN), Shoals Technologies (SHLS), SolarEdge (SEDG) and SunPower (SPWR).
Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders' Hot Stocks on TipRanks >>
Read More on SOL:
Disclaimer & DisclosureReport an Issue
U.S. puts tariffs up to 3,521% on Southeast Asia solar imports, Bloomberg says
Exxon, Occidental projects at risk due to DOGE cuts, WSJ reports
PayPal (PYPL) Partners with TerraPay for Faster Payments in the Middle East
Emeren Group CEO Transition and Financial Update
Lululemon reports Q4 beat, CoreWeave IPO priced at $40: Morning Buzz
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hypebeast
11 minutes ago
- Hypebeast
Balenciaga Spring 2026 Remixes Demna's Greatest Hits
Demna'sBalenciaga(ready-to-wear) swan song is upon us. For Spring 2026, the designer has written a love letter to his famously controversial Balenciaga 'archetypes' — all of the faces, the shapes, the moods and the concepts that have come to define his impressive, decade-long tenure at the House, one that transformed the Spanish label from a $400 million USD business into a $2 billion USD mammoth. Titled 'Exactitudes' — inspired by Ari Versluis and Ellie Uyttenbroek's scientific photographer series — the collection acts as an exhibition of Demna's anthropological approach to fashion and dress codes. 'This collection embodies the multitude of design codes that have been part of my creative vision and research on fashion at Balenciaga for a decade,' the designer said. 'It combines pieces from 35 different collections with new pieces and garments from my personal wardrobe, representing the volumes, silhouettes, and attitudes that have defined my vision and my questioning of the contemporary wardrobe, what people actually wear, how they wear it, and what the fine line is between luxury and fashion.' The collection reads like a greatest hits album, remixing Demna's famous otherworldly outerwear, sculptural gowns, big-shouldered formals, aggressive streetwear sensibilities, crowd-favorite sock shoes, and unabashedly massive bags for one final shelves-stocking hoorah. If you ever wanted in on the tongue-in-cheek designer's fun, this collection will be your last chance to enroll in his Balenciaga cult come its launch next spring. Love him or hate him, Demna turned Balenciaga into one of the most coveted labels on the contemporary market with earlier iterations of the exact Demna-isms you're looking at above. He became massively celebrated for his fashion week spectacles — be they windstruck snowstorms, murky mud baths, or dystopic stock exchanges — as well as the needle-pushing wardrobes and all-star front-rows that accompanied them, which, altogether, often became the most talked-about show during any fashion week. Demna mastered the craft of capturing the luxury fashion industry's attention as well as that of the consumers on its outskirts —health-obsessed Erewhon shoppersandsporty Under Armour wearersincluded — and ultimately, he concocted a brand-building blueprint that is now so identifiably his own. 'Moving on to the next chapter, this is my tribute to the creative research and work that me and my teams have done for the past 10 years,' he said. 'It is also my love letter to the most loyal and fashion forward audience that we have built around the house and connected with in this creative process.' He concluded, 'Thank you and love forever.' See Demna's final ready-to-wear collection for Balenciaga above, and stay tuned for the designer's last couture show for the House this July.
Yahoo
16 minutes ago
- Yahoo
Opinion - The Democrats' new campaign agenda: No more Mister Nice Guy
The long process of selecting the next Democratic presidential nominee is beginning, with potential candidates speaking already to gatherings of party faithful. 'We can — and we must — condemn Donald Trump's reckless actions,' Maryland Gov. Wes Moore (D) told about 800 people at the South Carolina Democratic Party's Blue Palmetto Dinner. The nation's only Black governor said Democrats must also advance their own agenda and be 'the party of action,' supporting policies that will quickly improve the lives of Americans. Gov. Tim Walz (D-Minn.), last year's Democratic vice presidential nominee, told the South Carolina Democratic Convention that Democrats should 'be a little meaner' in standing up to what he called President Trump's bullying. He then flew across the country to speak to the California Democratic Convention and urged Democrats 'to find some goddamn guts to fight for working people,' because the party 'lost a big chunk of the working class' in last year's election. 'That last election was a primal scream on so many fronts,' he said. Neither Moore, Walz, nor any other Democrat has announced a 2028 presidential run so far, but Democrats have many excellent potential candidates. Former Vice President Kamala Harris (D) may seek the presidency a second time or run for governor of California in 2026. Other Democrats who may run for president include Kentucky Gov. Andy Beshear, Sen. Cory Booker of New Jersey, former Transportation Secretary Pete Buttigieg and several others. Democrats are trying to figure out the winning recipe to cook up some wins following Republican victories last year. However, Republicans would like nothing better than to make former President Joe Biden's alleged mental decline in office — something Biden strongly denies — a major issue in their campaigns. I have known Biden for decades and believe he was an outstanding president. But debating his fitness for office is pointless. He will never run for office again. Democrats must look ahead, because voters will cast ballots for candidates they believe will give them a better future. Trump and congressional Republicans are doing an abysmal job governing. They embrace policies that threaten our liberties and the rule of law, give the richest Americans unjustified tax cuts and make massive cuts to vital government programs that benefit millions of people. They have eliminated hundreds of thousands of federal employees' jobs and support huge tariffs that raise consumer prices, reduce American exports and force U.S. businesses to lay off workers. Their legislation also harms our health and environment, weakens colleges and universities and ends diversity, equity and inclusion programs that open the door to the American Dream wider. They have worsened relations with other nations, endangered U.S. national security and seek to deport 1 million unauthorized immigrants, often without due process, and weaken freedom of the press and speech. Democrats should explain, in easily understandable language, how they would replace extremist Trump policies with better ones. For example, Democrats should point out that Trump and Republicans are prioritizing GOP tax cuts that would bring little or no benefit to most Americans. The Internal Revenue Service reports that in 2022 the 1 percent of taxpayers with the highest incomes paid about 40.4 percent of federal income taxes, while the top 50 percent of taxpayers paid 97 percent of all federal individual income taxes. The 50 percent of taxpayers with the lowest incomes paid only 3 percent of income taxes. This means that Trump's tax cuts would save the richest Americans millions of dollars every year, but would save most Americans little or nothing. And Democrats should accept the reality that in swing congressional districts and states, they need independent and sometimes a slice of moderate Republican votes to win elections. Embracing far-left progressive policies will help Republicans get elected. Rather than fighting over ideological purity, Democrats should focus on defeating Republicans. Democrats also need to reach out to low-turnout young voters and people of color with every method available. Personal contact is more effective than paid ads in reaching nonvoters. Beyond any speculation about 2028 and the presidential race, Democrats should first prioritize this year's statewide elections in New Jersey and Virginia, and then the 2026 midterm elections for Congress, state legislatures and governorships. Nearly half the members of the House and Senate are former state legislators. Capturing at least one house of Congress would give Democrats the power to block some of Trump's legislative initiatives, call on administration officials to testify under oath and file lawsuits against illegal and unconstitutional actions by Trump. Democrats have an excellent chance of winning control of the House in 2026. Republicans now have a slim majority of 220 to 212. Three vacancies were created by the deaths of Democratic members, who are likely to be replaced by other Democrats in special elections. The president's party has lost House seats in 18 of the 20 midterm elections since the end of World War II. We don't know how popular Trump will be in 2026, but I'm betting his popularity falls as his policies hurt growing numbers of Americans, dragging down Republican candidates with him. A Gallup poll found that Trump had a public approval rating of 43 percent in May and a disapproval rating of 53 percent. The only post-World War II president with a lower approval rating in May after being elected was Trump himself, with an approval rating of 39 percent in May 2017. Democrats will have a harder time winning a Senate majority than taking control of the House, but good candidates attuned to their state's electorates can help to prove the political prognosticators wrong. Republicans currently hold a 53-47 majority in the Senate. Thirty-five seats will be on the ballot in 2026, 23 of which are held by Republicans. Democrats had an awful 2024, marked by election defeats. America and the world are having an awful 2025 as a result of Trump's erratic, incompetent and dangerous leadership and Republicans' blind loyalty. Democrats are tired of looking back at what went wrong last year. We are rebuilding the party, holding town halls in Republican congressional districts where Republicans are too scared to do so and filing lawsuits challenging Trump's efforts to govern by executive order as if he were a king. A new era is beginning for Democrats. I look forward to better days ahead when my party starts winning elections against the radical Republicans who have abandoned Ronald Reagan's principled conservatism and embraced Trump and his MAGA movement's reckless extremism. Donna Brazile is a political strategist, a contributor to ABC News and former chair of the Democratic National Committee. She is the author of 'Hacks: Inside the Break-ins and Breakdowns That Put Donald Trump in the White House.' Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
16 minutes ago
- Yahoo
Trump pushes for Jack Ciattarelli, saying New Jersey 'ready to pop out of blue horror show'
The Brief Trump implored voters in New Jersey's primary for governor to vote for Republican Jack Ciattarelli. "New Jersey is ready to pop out of that blue horror show," the president said. The president announced his endorsement of Ciattarelli last month. NEW JERSEY - President Donald Trump on Monday implored voters in New Jersey's primary for governor to support Republican Jack Ciattarelli when early in-person voting begins Tuesday and said the state was ready for a change after years of Democratic control. What they're saying The president, who has golf clubs around the state and frequently stays at his Bedminster property, announced his endorsement for Ciattarelli last month. On Monday, Trump held a telephone rally for the candidate, a former state lawmaker who transformed from a critic to vocal backer of the president. The phone call lasted about 10 minutes, with the president saying that voters will decide whether New Jersey remains a "high-tax, high-crime sanctuary state." "New Jersey is ready to pop out of that blue horror show and really get in there and vote for somebody that's going to make things happen," the president said. Dig deeper Trump's call for early voting echoed the pitch he made to voters in the 2024 presidential election. Ciattarelli said his first executive order if elected would be to end any sanctuary policies for immigrants in the country illegally. Currently, the state attorney general has directed local law enforcement not to assist federal agents in civil immigration matters. There is no legal definition for sanctuary city policies, but they generally limit cooperation by local law enforcement with federal immigration officers. Ciattarelli also said the attorney general he appoints if he wins won't be bringing lawsuits against the White House. New Jersey's current attorney general has pursued several high-profile challenges to the president's agenda, including a case challenging Trump's order calling for the end of birthright citizenship. Ciattarelli is running against former radio talk host Bill Spadea, state Sen. Jon Bramnick, former Englewood Cliffs Mayor Mario Kranjac and a southern New Jersey contractor named Justin Barbera. What's next Early in-person voting begins Tuesday and goes through Sunday. Primary day is June 10, though voters have been sending mail-in ballots in since late April. Though the primary isn't over, Ciattarelli hinted at what attacks against his eventual Democratic challenger in the general election might be, saying the party's eight years in the governorship and more than two decades of power in the legislature have been a failure. The Democratic field isn't set. There's a six-way contest between Reps. Josh Gottheimer and Mikie Sherrill; Mayors Ras Baraka of Newark and Steven Fulop of Jersey City; former state Senate President Steve Sweeney; and teacher's union president Sean Spiller. New Jersey tilts Democratic in presidential and Senate elections in particular, and the party has a roughly 800,000 voter registration advantage over Republicans. But independents make up a significant bloc as well, and voters have tended to alternate between Democratic and Republican administrations for governor. The Source Information from this article was provided by the Associated Press.
