Latest news with #Molchanov
Yahoo
23-05-2025
- Business
- Yahoo
Solar stocks hit with steep losses as Trump tax bill threatens clean energy industry
Solar stocks are on track to close out the week with steep losses as Wall Street assesses last-minute changes slipped into the tax-and-spending bill approved by the House this week. Bottom line: The bill is a threat to the industry. SolarEdge (SEDG), Sunrun (RUN), Complete Solaria (SPWR), and Enphase Energy (ENPH) were among the biggest decliners this week. All were down by double-digit percentages despite a mild relief rally in the sector on Friday. Most of the damage came after the House passed Trump's "big, beautiful bill," which proposes ending key investment and production tax credits from the Biden-era Inflation Reduction Act three years earlier than Wall Street expected. The bill also requires eligible wind and solar projects to begin construction within 60 days of becoming law. While analysts believe the current version of the bill is unlikely to survive intact in the Senate, the prospect of tighter restrictions has spooked investors. To be finalized and signed into law in its current form — that would create a lot of disruption and layoffs, project cancellations, potentially bankruptcies," Raymond James investment strategy analyst Pavel Molchanov told Yahoo Finance. Molchanov expects the industry to ramp up lobbying efforts in the coming weeks to persuade the Senate to roll back the more severe provisions. Key senators representing states with large solar and wind industries are also likely to push for a more measured approach. "Dialing back these last-minute modifications from the last 48 hours, that would be a victory from the perspective of solar and wind," he added. Molchanov noted that the US installed a record 38 gigawatts of solar capacity last year; further records were in sight this year. "After the tax credit expires — whenever that may be — there will be a decline in the amount of wind and solar installations. Will it go to zero? No, absolutely not," he added. "There will always be solar and wind projects getting built. It's just a matter of how many." The clean energy industry has had a volatile year as elevated interest rates have kept borrowing costs high. President Trump's return to the White House has added pressure to the sector, with his administration talking down green energy initiatives in favor of fossil fuels. On the manufacturing side, companies involved with batteries and panels have leaned into plans to onshore operations in response to Trump's tariff policies. In a move welcomed by the solar sector, the US Department of Commerce announced plans to impose tariffs as high as 3,521% on panel imports from four Southeast Asian countries. Despite a recent rally fueled by hopes that clean energy tax credits might be preserved, the Invesco Solar ETF (TAN) is down more than 6% year to date, falling over 7% in the wake of the House vote. Ines Ferre is a senior business reporter for Yahoo Finance. Follow her on X at @ines_ferre. Click here for in-depth analysis of the latest stock market news and events moving stock prices
Yahoo
23-05-2025
- Business
- Yahoo
Solar stocks hit with steep losses as Trump tax bill threatens clean energy industry
Solar stocks are on track to close out the week with steep losses as Wall Street assesses last-minute changes slipped into the tax-and-spending bill approved by the House this week. Bottom line: The bill is a threat to the industry. SolarEdge (SEDG), Sunrun (RUN), Complete Solaria (SPWR), and Enphase Energy (ENPH) were among the biggest decliners this week. All were down by double-digit percentages despite a mild relief rally in the sector on Friday. Most of the damage came after the House passed Trump's "big, beautiful bill," which proposes ending key investment and production tax credits from the Biden-era Inflation Reduction Act three years earlier than Wall Street expected. The bill also requires eligible wind and solar projects to begin construction within 60 days of becoming law. While analysts believe the current version of the bill is unlikely to survive intact in the Senate, the prospect of tighter restrictions has spooked investors. To be finalized and signed into law in its current form — that would create a lot of disruption and layoffs, project cancellations, potentially bankruptcies," Raymond James investment strategy analyst Pavel Molchanov told Yahoo Finance. Molchanov expects the industry to ramp up lobbying efforts in the coming weeks to persuade the Senate to roll back the more severe provisions. Key senators representing states with large solar and wind industries are also likely to push for a more measured approach. "Dialing back these last-minute modifications from the last 48 hours, that would be a victory from the perspective of solar and wind," he added. Molchanov noted that the US installed a record 38 gigawatts of solar capacity last year; further records were in sight this year. "After the tax credit expires — whenever that may be — there will be a decline in the amount of wind and solar installations. Will it go to zero? No, absolutely not," he added. "There will always be solar and wind projects getting built. It's just a matter of how many." The clean energy industry has had a volatile year as elevated interest rates have kept borrowing costs high. President Trump's return to the White House has added pressure to the sector, with his administration talking down green energy initiatives in favor of fossil fuels. On the manufacturing side, companies involved with batteries and panels have leaned into plans to onshore operations in response to Trump's tariff policies. In a move welcomed by the solar sector, the US Department of Commerce announced plans to impose tariffs as high as 3,521% on panel imports from four Southeast Asian countries. Despite a recent rally fueled by hopes that clean energy tax credits might be preserved, the Invesco Solar ETF (TAN) is down more than 6% year to date, falling over 7% in the wake of the House vote. Ines Ferre is a senior business reporter for Yahoo Finance. Follow her on X at @ines_ferre. Click here for in-depth analysis of the latest stock market news and events moving stock prices 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
02-04-2025
- Politics
- Yahoo
Ukraine, Poland jointly detain Medvechuk-linked propagandist in first such operation
The Security Service of Ukraine (SBU), the Foreign Intelligence Service, and Polish authorities detained Kyrylo Molchanov, a propagandist working with pro-Russian oligarch Viktor Medvedchuk's media network and Russian intelligence agencies, the SBU said on April 1. Molchanov was initially detained in Poland and transferred to a pre-trial detention in Kyiv, marking the first such operation carried out in cooperation between Ukraine and an EU country. Before the full-scale invasion, Molchanov was presented as a "political expert" in Medvedchuk's media group. In his speeches, the propagandist claimed that Ukrainians were divided by language, history, and religion and that the EU would deprive Ukraine of its sovereignty. Molchanov also criticized Medvedchuk's political opponents and the pro-Western initiatives of the Ukrainian government. After the start of the all-out war in 2022, Molchanov left for Russia, where he attended the program of Russian propagandist Vladimir Solovyov 35 times, according to SBU. The security agency presented him as "one of the key ideologists of the Kremlin media projects Other Ukraine and Voice of Europe," both of which were overseen by Medvedchuk. Once Russian President Vladimir Putin's key ally in the Ukrainian political landscape, Medvedchuk was arrested and released to Russia during a prisoner exchange in late 2022. Kyiv charged the pro-Russian oligarch with high treason in 2021 and stripped him of citizenship and his seat in parliament two years later. "For the first time since the beginning of the full-scale invasion, a Russian agent who worked against our country in the media sector was handed over to Ukraine (from the EU) at the request of the SBU," the security agency said. The SBU accused Molchanov of having been recruited by the Federal Security Service (FSB) and the Russian Foreign Intelligence Service. According to the SBU, Molchanov was engaged in discrediting Ukraine abroad and worked to undermine the internal situation in partner countries. Read also: Massive data leak: Ukrainian IDs, other documents exposed by years of cyber negligence We've been working hard to bring you independent, locally-sourced news from Ukraine. Consider supporting the Kyiv Independent.
Yahoo
01-04-2025
- Politics
- Yahoo
Poland hands over Russian agent Molchanov to Ukraine
Propagandist Kyrylo Molchanov, a Russian agent and so-called "political expert" from Viktor Medvedchuk's media pool, has been handed over to Ukraine at the request from the Security Service of Ukraine (SSU), the first such case since the beginning of the Russian full-scale invasion of Ukraine. [Medvedchuk is a Ukrainian businessman and pro-Russian politician to whose daughter Putin is godfather – ed.] Source: SSU; Ukrainska Pravda source in law enforcement Quote from the SSU: "He was initially detained in Poland and is now in one of Kyiv's pre-trial detention centres. The case involves a 'political expert' from the media pool of Viktor Medvedchuk, who is suspected of treason. According to case materials, the individual was recruited and worked simultaneously for two intelligence agencies of the aggressor state: the FSB and Russia's Foreign Intelligence. Under the occupiers' instructions, he was engaged in discrediting Ukraine on the international stage and destabilising the situation in partner countries." Details: The SSU did not name the propagandist, but Ukrainska Pravda has information that it is Molchanov. In 2022, Molchanov left for Russia, where he became one of the key ideologists behind Kremlin-aligned media projects – The Other Ukraine and Voice of Europe. Molchanov was also a frequent guest on talk shows hosted by Russian propagandist Vladimir Solovyov, appearing 35 times in 2023 alone, where he justified Russia's armed aggression and spread disinformation about Ukraine. Additionally, Molchanov organised street protests in the EU to promote Kremlin interests, calling for an end to international support for Ukraine. He publicly called for orchestrating targeted terrorist attacks in Ukraine, using his Telegram channel to regularly share Russian intelligence chatbots that collect reconnaissance data on Ukraine's defence forces. Molchanov was served a notice of suspicion under Article 436-2.3 and Article 111-1.6 of the Criminal Code of Ukraine (justification, recognition as legitimate, denial of armed aggression of the Russian Federation against Ukraine, glorification of its participants and engaging in collaborationist activities). Support Ukrainska Pravda on Patreon!
Al Etihad
11-03-2025
- Business
- Al Etihad
QUBE Development contributes Dh2 million to Fathers' Endowment campaign
8 Mar 2025 11:32 DUBAI (ALETIHAD) QUBE Development announced a contribution of Dh2 million in support of the Fathers' Endowment campaign, launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of with Ramadan, the campaign honours fathers in the UAE by establishing a sustainable endowment fund to provide treatment and healthcare for the poor and Development's contribution is part of a community-wide response to the campaign, which aims to honour fathers by allowing individuals to donate in their name. The campaign also seeks to reinforce values of honouring parents, compassion, and solidarity, while strengthening the UAE's position as a leader in charitable and humanitarian work. It further establishes the concept of charitable endowments and creates a widespread social movement that contributes to its objective of providing sustainable healthcare to those in Molchanov, CEO of QUBE Developments, said: 'Supporting those in need is one of the hallmarks of the Emirati society. At QUBE Development, we believe that giving back is fundamental for creating healthy communities. Our contribution to the Fathers' Endowment campaign, launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, is driven by the power of community and underscores our dedication to making the initiative have a lasting impact. We are proud to be part of this campaign and hope to inspire others to join us.'He added: 'Facing illness alone is incredibly difficult and this endowment will act as a safety net for the less fortunate, providing both financial and emotional support. I urge everyone to contribute to this vital humanitarian effort.'The Fathers' Endowment campaign continues to welcome donations and contributions to the endowment fund from institutions and individuals across six main channels including the campaign's website ( as well as a dedicated call center via the toll-free number (800 4999).Donations are also possible via bank transfers in the UAE dirham to the campaign bank account number with Emirates Islamic Bank (IBAN: AE020340003518492868201).Donations via SMS are possible by sending the word 'Father' to the following numbers (1034 to donate Dh10, 1035 to donate Dh50, 1036 to donate Dh100 and 1038 to donate Dh500) for Etisalat by e& and du users. Other possible platforms for donating to the campaign are the DubaiNow app by clicking the 'Donations' tab, and Dubai's community contributions platform Jood (
