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Solar Makers Push Biden To Tighten Tax Credit For US-Made Panels
Wednesday, July 17, 2024 - 11:54am | 476U.S. solar manufacturers are prodding the Biden administration to toughen the rules on a law that gives a 10% tax credit solar project developers who use materials made in the U.S.A. The administration sought to encourage investment in clean energy and deter reliance on Chinese goods through the...
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Sunrun Stock: Golden Cross Sparks Bullish Sentiment, Potential Upside
Tuesday, July 16, 2024 - 1:06pm | 919Sunrun Inc (NASDAQ:RUN) has recently caught investor attention with a technical chart formation known as the Golden Cross, signaling a robust bullish trend. This key technical pattern, combined with positive analyst projections, indicates promising upside potential for Sunrun’s stock. Here...
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Why Enphase Energy Stock Is Climbing Today
Thursday, July 11, 2024 - 9:47am | 532Enphase Energy, Inc. (NASDAQ:ENPH) shares are trading higher Thursday after the company announced residential and commercial products that can help solar projects qualify for the Domestic Content Bonus Credit. The Details: The company said projects using specific Enphase microinverters supplied...
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Why First Solar Is A Must-Watch Stock In The AI Era
Monday, May 27, 2024 - 3:50pm | 652As the artificial intelligence revolution gains momentum, a bullish analyst foresees a surge in electricity demand, which they said is a boon for solar companies like First Solar Inc (NASDAQ:FSLR). First Solar stock has returned 39.38% to investors over the last year, over 60% YTD, and about 80%...
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Nvidia, Tech Stocks Propel Nasdaq 100 To Record High; Solar Sector Shines, Meme Stock Bubble Bursts: This Week In The Market
Friday, May 24, 2024 - 4:29pm | 690Tech stocks in the Nasdaq 100, as tracked by the Invesco QQQ Trust (NASDAQ:QQQ), soared to record highs during the week, marking their fifth consecutive week of gains — the longest streak since January — driven by Nvidia Corp.‘s (NASDAQ:NVDA) exceptional earnings report. Shares of the...
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California Loses The Solar Crown: Who's America's New Energy Star?
Friday, May 24, 2024 - 2:02pm | 523California is the largest U.S. state by population and was once the largest solar energy producer in the U.S. In a large shake-up, Texas has surpassed California as the largest domestic solar energy producer. The Data: An article from the Financial Times outlined how Texas, which has its own energy...
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Nasdaq 100 Eyes Record High Close, Fifth Positive Week As Traders Flock To AI-Linked Stocks: What's Driving Markets Friday?
Friday, May 24, 2024 - 1:54pm | 825Technology stocks surged on Friday, rebounding sharply after Thursday’s decline, as investor confidence in the artificial intelligence-driven rally remained high. The Nasdaq 100 index jumped over 1%, reaching 18,820 points by 1 p.m. in New York, setting the stage for a record high close and...
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'Big Short' Investor Michael Burry Bets Heavy On Gold, Renewable Energy Stocks, Exits Amazon, Alphabet
Thursday, May 16, 2024 - 12:14pm | 976Michael Burry, the legendary investor who famously predicted the 2008 financial crisis, has once again made headlines with his latest 13F filing for his hedge fund Scion Asset Management LLC. The first quarter of 2024 reveals a strategic recalibration towards physical commodities and renewable...
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Wall Street Trades Flat On Mixed Producer Inflation; Meme Stocks See Wild Ride, Bitcoin Drops: What's Driving Markets Tuesday?
Tuesday, May 14, 2024 - 1:58pm | 918Wall Street is experiencing a subdued trading session, with all major indices showing minimal movement around midday in New York. The latest producer inflation data provided mixed signals ahead of the highly anticipated consumer inflation report on Wednesday. Fed Chair Jerome Powell reiterated his...
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Biden Announces Massive Tariffs On Chinese Imports To Protect US Industries: Clean Energy, Solar Stocks Rally
Tuesday, May 14, 2024 - 1:24pm | 828President Joe Biden announced Tuesday a significant increase in tariffs on a range of Chinese goods, aimed at protecting the American economy and safeguarding domestic jobs. These measures are also designed to counteract China’s heavily subsidized production, which Biden stated was “...
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Solar Is Leaving Wind In The Dust As World Renewable Energy Hits New High
Friday, May 10, 2024 - 8:37am | 548Global electricity generation still relies, mostly, on coal and gas. However, the sector’s growth rate in 2023 wasn’t close to that of wind and solar. That’s according to the latest Global Electricity Review, published May 9 by UK-based climate think tank Ember. Fossil fuel...
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Solar Stocks Shine Again As Declining Treasury Yields Boost Market Confidence
Wednesday, May 8, 2024 - 3:35pm | 745Solar stocks have demonstrated some of the most robust performances among various sectors since the start of the month, buoyed by favorable market conditions and positive corporate earnings. The Invesco Solar ETF (NYSE:TAN), which tracks the performance of approximately 40 solar energy companies,...
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AI Data Centers Drive Electricity Demand: Goldman Sachs Picks 16 Stocks To Play The Trend
Monday, April 29, 2024 - 12:37pm | 1039Escalating electricity needs from running AI data centers will create downstream investment benefits in the utilities, renewable energy generation, and industrial sectors, according to Goldman Sachs. In a recently published study, equity analyst Carly Davenport has listed a basket of stocks...
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Nextracker Stock Shines After-Hours: Company Reports Q3 Results Above Estimates, Raises FY 2024 Guidance
Wednesday, January 31, 2024 - 6:26pm | 374Nextracker Inc. (NASDAQ: NXT) shares are trading higher in Wednesday's after-hours session after the company reported better-than-expected third-quarter financial results. What To Know: Nextracker reported quarterly earnings of 96 cents per share which beat the analyst consensus estimate...
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Real Estate, Small-Cap, Gold Miner, Solar Stocks Go Wild On Prospect Of Fed Rate Cuts
Thursday, December 14, 2023 - 2:18pm | 1240There is no doubt that the expected interest rate cuts by the Federal Reserve in 2024 could provide much needed relief to U.S. businesses and corporations, but there are some sectors where these cuts could have a particularly powerful impact. Industries such as real estate, solar, gold miners, and...