The threat of tariffs and trade wars sank many stocks back in April, but the market managed a sharp turnaround since then, reminiscent of the brief pandemic crash five years earlier. Many stocks are now trading near their all-time highs, and so is the S&P 500, which is up around 5.5% through the first six months of the year.
Shares of renewable energy companies are rising after a tax on solar and wind was removed from the Senate version of the One Big Beautiful Bill Act. The Senate narrowly passed the legislation Tuesday and will now be considered by the House of Representatives.
FREMONT, Calif., June 30, 2025 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world's leading supplier of microinverter-based solar and battery systems, today announced that its Board of Directors, excluding Thurman John (T.J.) Rodgers, unanimously voted to retain Mr. Rodgers as a member of the Board of Directors. The decision followed a reco...
Wind and solar projects that enter service after 2027 and exceed certain thresholds for Chinese components could see higher taxes, boosting the industry's burden by an estimated $4 billion to $7 billion, the American Clean Power Association said. The spillover impact could be the loss of nearly 2 million jobs in the building trades, according to a construction industry group.
Renewable energy shares fell on Monday as US President Donald Trump's new bill cuts incentives and adds taxes for companies. In the bill, the US government will add a tax on solar and wind projects that use Chinese materials.
The Senate is voting on a version of President Donald Trump's spending legislation that would slam the solar and wind industries. The legislation is close to a worst case scenario for renewable energy, Morgan Stanley analyst Andrew Percoco told clients.
The Senate's tax-and-spending bill gives a boost to nuclear power stocks, but knocks down shares of solar companies.
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