Latest news with #SolarStocks
Bloomberg
6 hours ago
- Business
- Bloomberg
Stock Movers: JetBlue, Solar Sector, Surgery Partners
On this edition of Stock Movers: - JetBlue (JBLU) plans to hasten cost cuts by eliminating some flights, ending service to a number of cities and restructuring its leadership ranks as economic uncertainty feeds weaker-than-expected demand for travel, the company said in an internal memo. The carrier will eliminate underperforming routes and plans to announce network changes in coming weeks, according to the memo from Chief Executive Officer Joanna Geraghty seen by Bloomberg on Tuesday. JetBlue implemented budget reductions at support centers and is assessing hiring, spending on business partners and vendors and will combine or restructure some leadership roles. The carrier has halted cosmetic refreshes of four out of its 10 legacy Airbus A320 aircraft used for flights and will park the planes at the end of summer. Shares initially rallied before paring gains. - Solar stocks, like Sunrun (RUN), SolarEdge (SEDG) and Enphase (ENPH) fell sharply after Senate Republicans released a bill that would end clean energy tax credits earlier than expected, dashing hopes that major cuts passed by the House wouldn't stick. The new version of the bill released by the Senate Finance Committee would end incentives for wind and solar in 2028. Tax breaks for other sources of power, such as nuclear, hydropower and geothermal, would be allowed to remain until being phased out in 2036, according to a summary of the legislation. - Surgery Partners (SGRY) shares tumbled as much as 14%, the most intraday since November 2024, after the company turned down a buyout proposal from Bain Capital, with its independent committee concluding that its long-term value as a standalone public company outweighs Bain's offer. The company also reaffirmed its revenue forecast for the full year.
Yahoo
9 hours ago
- Business
- Yahoo
Top Stock Movers Now: Enphase Energy, T-Mobile US, Jabil, and More
U.S. equities edged lower at midday as investors continued to digest the fighting in the Middle East. Solar stocks plunged as the Senate kept the full phaseout of clean-energy tax credits. Jabil stock surged to a record high and led S&P 500 gainers after the circuit board maker's results topped estimates and it lifted its outlook.U.S. equities declined at midday as investors continued to digest the fighting in the Middle East. The Nasdaq, Dow Jones Industrial Average, and S&P 500 all edged lower. Shares of solar companies Enphase Energy (ENPH) and First Solar (FSLR) led S&P 500 decliners after the Senate maintained the full removal of clean-energy tax credits in the budget bill. SunRun (RUN) and SolarEdge Technologies (SEDG) shares also plummeted. T-Mobile US (TMUS) stock dropped on a report that SoftBank Group sold shares of the telecommunication firm's shares worth $4.8 billion. Jabil (JBL) stock surged to a record high and led S&P 500 gainers after the circuit board maker's results topped estimates and it lifted its outlook. Verve Therapeutics (VERV) shares surged after Eli Lilly (LLY) announced that it would acquire the gene-editing startup for about $1.3 billion. Oil futures rose 2%. Gold futures fell. The yield on the 10-year Treasury note was lower. The U.S. dollar gained ground against the euro, yen and pound. Most major cryptocurrencies were lower. Read the original article on Investopedia
Yahoo
11 hours ago
- Business
- Yahoo
T-Mobile & Softbank, solar, Eli Lilly & Verve: Trending Tickers
Softbank (SFTBF) sold more than 21 million T-Mobile (TMUS) shares to fund its artificial intelligence (AI) efforts, according to reports from Bloomberg. Solar stocks, like Sunrun (RUN), SolarEdge (SEDG), and First Solar (FSLR), are plummeting as solar tax credits are on the chopping block during the Senate's tax bill revisions. Eli Lilly (LLY) announces it will acquire Verve Therapeutics (VERV) in a $1.3 billion deal expected to close in the third quarter of this year. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. 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
