Latest news with #EnphaseEnergy
Yahoo
2 days ago
- Business
- Yahoo
Here is Why Enphase Energy (ENPH) Crashed This Week
The share price of Enphase Energy, Inc. (NASDAQ:ENPH) fell by 17.99% between May 20 and May 27, 2025, putting it among the Energy Stocks that Lost the Most This Week. Let's shed some light on the development. A solar panel array stretched across a large open field, its glimmering panels reflecting the sun. Enphase Energy, Inc. (NASDAQ:ENPH) is a global energy technology company and the world's leading supplier of micro-inverter-based solar and battery systems. The company has shipped approximately 80 million microinverters, and approximately 4.7 million Enphase-based systems have been deployed in more than 160 countries around the world. Enphase Energy, Inc. (NASDAQ:ENPH) plunged after investors reacted negatively to the House of Representatives narrowly passing President Trump's 'one big beautiful bill', which ends the investment and electricity production credits for clean energy facilities. Those credits have played a key role in the rapid expansion of utility-scale solar projects in the country. The rooftop solar industry faces a fatal blow as the bill would remove the 30% federal tax credit for taxpayers who install solar rooftop systems, potentially causing a drop in sales of ENPH's inverters. Enphase Energy, Inc. (NASDAQ:ENPH) also faced downward pressure after the stock was downgraded by BMO Capital from Market Perform to Underperform, with its price target also reduced from $46 to $39. While we acknowledge the potential of ENPH to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ENPH and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 10 Cheap Energy Stocks to Buy Now and 10 Most Undervalued Energy Stocks to Buy According to Hedge Funds Disclosure: None.
Yahoo
3 days ago
- Business
- Yahoo
Here is Why Enphase Energy (ENPH) Crashed This Week
The share price of Enphase Energy, Inc. (NASDAQ:ENPH) fell by 17.99% between May 20 and May 27, 2025, putting it among the Energy Stocks that Lost the Most This Week. Let's shed some light on the development. A solar panel array stretched across a large open field, its glimmering panels reflecting the sun. Enphase Energy, Inc. (NASDAQ:ENPH) is a global energy technology company and the world's leading supplier of micro-inverter-based solar and battery systems. The company has shipped approximately 80 million microinverters, and approximately 4.7 million Enphase-based systems have been deployed in more than 160 countries around the world. Enphase Energy, Inc. (NASDAQ:ENPH) plunged after investors reacted negatively to the House of Representatives narrowly passing President Trump's 'one big beautiful bill', which ends the investment and electricity production credits for clean energy facilities. Those credits have played a key role in the rapid expansion of utility-scale solar projects in the country. The rooftop solar industry faces a fatal blow as the bill would remove the 30% federal tax credit for taxpayers who install solar rooftop systems, potentially causing a drop in sales of ENPH's inverters. Enphase Energy, Inc. (NASDAQ:ENPH) also faced downward pressure after the stock was downgraded by BMO Capital from Market Perform to Underperform, with its price target also reduced from $46 to $39. While we acknowledge the potential of ENPH to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ENPH and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 10 Cheap Energy Stocks to Buy Now and 10 Most Undervalued Energy Stocks to Buy According to Hedge Funds Disclosure: None.
Yahoo
25-05-2025
- Automotive
- Yahoo
Renewable Energy Stocks Crash as U.S. Advances Bill That Could Decimate the Industry
Congress is pushing forward a bill that could upend the renewable energy industry. Just as companies have ramped up production and renewable electricity generation in the U.S., those projects may become uneconomical. 10 stocks we like better than Enphase Energy › The news was about as bad as it could get for renewable energy stocks this week as the U.S. House of Representatives early Thursday passed a bill that will repeal some of the most important subsidies for the industry if it becomes law. Investors assumed the worst and sold off nearly every company related to EVs or renewable energy. Enphase Energy (NASDAQ: ENPH) fell as much as 25.4% this week, Bloom Energy (NYSE: BE) dropped 11.2%, AES (NYSE: AES) fell 21.9%, and NextEra Energy (NYSE: NEE) was off 12%. The stocks had bounced off their lows in Friday trading, but are still down big for the week. As has been promised for months, Congress and the White House are going after the renewable energy industry hard, targeting a lot of the subsidies that drove the industry's growth over the last few years. In The One, Big, Beautiful Bill that's passed the House, the $7,500 tax credit for new electric vehicles is gone for all automakers who have sold over 200,000 EVs, and so is the $4,000 tax credit for buying a used EV. To make matters worse, EV owners would have a new annual tax of $250 and hybrid owners would be charged $100 to make up for taxes normally included in gasoline sales. Tax credits for solar, wind, and energy storage would also be cut, a key piece of financing projects large and small. The bill now heads to the Senate. The loss of renewable energy tax credits could be the most impactful on the energy industry overall. Wind and solar accounted for nearly all of the new power generation in the U.S. last year, and many projects would be uneconomical without the 30% tax credit that the bill does away with. That would impact component suppliers like Enphase and Bloom Energy, who sell to developers of projects. But it would also impact utilities like AES and NextEra Energy, which are counting on renewable energy projects to grow. If projects already in the pipeline are suddenly uneconomical, it could cause the industry to come to a screeching halt. And with bankruptcies already mounting, that could be terrible for these stocks. The industry has been through ups and downs before. But this time, there have been billions of dollars invested in new manufacturing plants in the U.S. that were made possible by direct subsidies for plants and indirect financing assistance for renewable energy projects. If this bill passes the Senate and the president signs it into law, it would undermine the economics of the entire industry and could result in a lot of companies going out of business. That's a very real fear for investors today. Utilities like NextEra Energy and AES aren't going to go under, but they've invested heavily in being leaders in renewable energy, and this may undermine those growth plans. Enphase and Bloom, on the other hand, are facing an existential crisis in the U.S. I'm not buying renewable energy stocks today, and think it will be a rough time for the industry if this bill does become law. Before you buy stock in Enphase Energy, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Enphase Energy wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $640,662!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $814,127!* Now, it's worth noting Stock Advisor's total average return is 963% — a market-crushing outperformance compared to 168% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Travis Hoium has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends NextEra Energy. The Motley Fool recommends Enphase Energy. The Motley Fool has a disclosure policy. Renewable Energy Stocks Crash as U.S. Advances Bill That Could Decimate the Industry was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23-05-2025
- Business
- Yahoo
Here is Why Enphase Energy (ENPH) Fell Today
The share price of Enphase Energy, Inc. (NASDAQ:ENPH) fell by 19.6% on May 22, 2025. Let's shed some light on the development. A solar panel array stretched across a large open field, its glimmering panels reflecting the sun. Enphase Energy, Inc. (NASDAQ:ENPH) is a global energy technology company and the world's leading supplier of micro-inverter-based solar and battery systems. The company has shipped approximately 80 million microinverters, and approximately 4.7 million Enphase-based systems have been deployed in more than 160 countries around the world. Enphase Energy, Inc. (NASDAQ:ENPH) suffered a major setback after the House of Representatives narrowly passed President Trump's sweeping tax and spending bill, which may slash numerous green-energy subsidies that have supported the renewable energy sector and have devastating consequences for the ballooning solar power industry. The legislation, now headed to the Senate, makes it difficult or impossible for solar companies to claim tax credits that amount to half the cost of some projects. The rooftop solar industry will be particularly hit hard as the bill ends tax credits for installers that lease equipment to customers, in addition to eliminating a tax credit for homeowners who own their own panels. As a result, the sales of Enphase Energy's inverters would take a hit from lower demand for rooftop solar. Enphase Energy, Inc. (NASDAQ:ENPH) has already been struggling, with revenue contracting from $2.3 billion in 2022 to $1.33 billion in 2024. The sharp slowdown comes as a result of industry-wide headwinds, including channel inventory destocking, weakening demand in major markets like the U.S.— impacted by policy changes such as California's NEM 3.0 — and macroeconomic uncertainties. The company also missed both earnings and revenue estimates in the first quarter of 2025 and has also been a victim of downgrades by several analysts over the last month. While we acknowledge the potential of ENPH to grow, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than ENPH but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 10 Cheap Energy Stocks to Buy Now and 10 Most Undervalued Energy Stocks to Buy According to Hedge Funds Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
22-05-2025
- Business
- Globe and Mail
Solar stocks plummet after Trump's tax bill advances in U.S House
Shares of U.S. solar companies fell sharply on Thursday after the House of Representatives advanced President Donald Trump's sweeping tax and spending bill, which may end numerous green-energy subsidies that have supported the renewable energy sector. Sunrun (RUN-Q) led the market rout, with shares falling nearly 41% in early morning trade, SolarEdge Technologies (SEDG-Q) slid nearly 26%, Enphase Energy (ENPH-Q) was down 17.7% and Complete Solaria (SPWR-Q) fell over 15%. Shares of Maxeon Solar (MAXN-Q) fell 9%, Emeren Group (SOL-N) was down 5.2%, JinkoSolar (JKS-N) dipped 4.7%, while First Solar (FSLR-Q) and Canadian Solar (CSIQ-Q) dropped 5.4% and 6.4%, respectively. Trump's budget package - which he calls 'one big beautiful bill' - would eliminate funding established under the Biden Administration's Inflation Reduction Act and repeal grants intended to reduce air pollution, greenhouse gas emissions or purchase electric heavy-duty vehicles. The bill would remove the 30% federal tax credit for taxpayers who install solar rooftop systems, posing a significant challenge to the industry. While the industry was already anticipating the gradual phase-out of wind and solar tax credits, the new version of the bill accelerates this timeline, Raymond James analyst Pavel Molchanov told Reuters. As per the new proposed timeline, solar or wind projects must begin construction within 60 days of the bill's enactment and finish construction by year-end 2028. Otherwise, they will no longer be eligible for tax credits. Clean energy stakeholders now turn their attention to the Senate, where the bill is headed next before it is sent to the president, hoping it will reverse many of the proposed revisions to the IRA. 'While the bill is in the Senate, the solar and wind industries will actively lobby to reverse the new changes made by the House,' Molchanov added. Be smart with your money. Get the latest investing insights delivered right to your inbox three times a week, with the Globe Investor newsletter. Sign up today.
