Before the US market kicks off on Wednesday, let's examine the pre-market session and unveil the notable performers among the S&P500 top gainers and losers.
The Big, Beautiful Bill may have changed the game for solar in the U.S. -- at least temporarily. We will find out how Enphase is affected later this month.
Shares of home energy technology company Enphase (NASDAQ:ENPH)
fell 5.3% in the afternoon session after TD Cowen downgraded the stock amid broader concerns about the future of solar tax credits. TD Cowen lowered its rating on Enphase Energy to 'Hold' from 'Buy' and slashed its price target to $45 from $58. The firm expressed concern over the potential elimination of the 25D tax credit for residential solar at the end of 2025, which it believes will hurt demand. Analysts noted that Enphase has significant exposure to the customer-owned segment of the solar market, which would be most affected.
U.S. stocks were little changed on Tuesday as investors stayed cautious following a series of letters from the White House to major trading partners, outlining sweeping new tariffs.
“We don’t want wind, we don’t want solar, because they’re a blight on our country,” President Donald Trump said while answering a reporter’s question during a cabinet meeting in Washington.
Let's have a look at what is happening on the US markets in the middle of the day on Tuesday. Below you can find the top S&P500 gainers and losers in today's session.
Trump's bill pressures renewable energy stocks but KeyBanc says upgrades for Sunrun and SolarEdge are 'better than feared.' Analyst sees stable near-term outlook for Sunrun and SolarEdge amid changes to tax credits.
As the US market prepares to open on Tuesday, let's get an early glimpse into the pre-market session and identify the S&P500 stocks leading the pack in terms of gains and losses.
The low valuation multiples for value stocks provide a margin of safety that growth stocks rarely offer.
However, the challenge lies in determining whether these cheap assets are genuinely undervalued or simply on sale due to their potentially deteriorating business models.
