The stocks in this article have caught Wall Street’s attention in a big way, with price targets implying returns above 20%.
But investors should take these forecasts with a grain of salt because analysts typically say nice things about companies so their firms can win business in other product lines like M&A advisory.
Shares of residential solar energy company Sunrun (NASDAQ:RUN) jumped 5.3% in the afternoon session after reports that Congress may not cut federal tax incentives for residential solar installations. The potential for clean energy tax credits to remain intact, and possibly even be made more generous, has sent a wave of optimism through the solar sector.
A number of stocks jumped in the afternoon session after the major indices rebounded (Nasdaq +1.4%, S&P 500 +1.0%) on hopes the reported ceasefire between Israel and Iran will hold. This de-escalation in a volatile region helped to ease concerns about potential disruptions to global oil supplies, leading to a notable dip in crude oil prices.
Sunrun and other solar stocks plunged sharply this week on news of a new tax bill. The proposed Senate legislation seeks to eliminate critical renewable energy tax credits by 2028.
Elon Musk has voiced concerns over the future of American energy independence in response to a series of posts from his brother Kimball Musk and Jesse Peltan, co-founder and CTO of HODL Ranch about the impact of new legislation on renewable energy growth.
Intrigued by the market activity one hour before the close of the markets on Tuesday? Uncover the key winners and losers of today's session in our insightful analysis.
Curious about the most active stocks in today's session? Get a glimpse into the stocks that are generating the highest trading volume and capturing market attention.
Sunrun (RUN) shares downgraded to Sell due to financial disclosure revealing $600/system loss and inability to sell tax credits, as well as circular cash burn problem.
The stock market fell as Trump considers military intervention in the Israel-Iran conflict. Solar stocks plummeted due to a proposed tax credit phase-out.
A number of stocks fell in the morning session after a U.S. Senate panel proposed phasing out solar and wind energy tax credits by 2028, raising concerns about future profitability and project viability for solar companies. The phasing out is expected to begin as early as 2026, diminishing the financial incentives that have been critical drivers of growth in the renewable energy sector.
