Clean energy stocks react on Monday after Trump's new spending bill introduces a tax on wind and solar projects that use parts made in China and accelerated the phase-out of tax credits.
Let's have a look at what is happening on the US markets before the opening bell on Tuesday. Below you can find the top gainers and losers in today's pre-market session.
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.
The world will invest $3.3 trillion in energy by 2025, with solar taking the lead. U.S. companies like First Solar, Nextracker, and Array Technologies are well-positioned to benefit.
A number of stocks fell in the morning session after a GOP bill was passed to end some of the tax benefits granted to clean energy companies during the Biden administration.
Mizuho analyst Maheep Mandloi said the faster phaseout of tax credits was expected but warned that stricter rules on “foreign entities of concern” and a 2026–2028 cut-off pose a greater risk to the sector.
Solar tracking systems manufacturer Array (NASDAQ:ARRY) reported revenue ahead of Wall Street’s expectations in Q1 CY2025, with sales up 97.1% year on year to $302.4 million. The company’s full-year revenue guidance of $1.1 billion at the midpoint came in 0.6% above analysts’ estimates. Its non-GAAP loss of $0.01 per share was significantly below analysts’ consensus estimates.
Exciting developments are taking place for the stocks in this article.
They’ve all surged ahead of the broader market over the last month as catalysts such as new products and positive media coverage have propelled their returns.
Let's delve into the US markets on Tuesday and uncover the stocks that are experiencing notable gaps in today's session. Below, you'll find the gap up and gap down stocks.
