最新ニュース Invesco Solar ETF (ARCA:TAN)

Guggenheim Solar ETF

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The fund will invest at least 90% of its total assets in the securities (including ADRs and GDRs) that comprise the underlying index. The underlying index is designed to provide exposure to companies listed on exchanges in developed markets that derive a significant amount of their revenues from the following business segments of the solar industry: solar power equipment producers including ancillary or enabling products; etc. The fund is non-diversified.

Enphase Energy Inc Common Stock

First Solar Inc

Nextracker Inc Ordinary Shares - Class A

Sunrun Inc

GCL Technology Holdings Ltd

Encavis Ag

Hannon Armstrong Sustainable Infrastructure Capital, Inc. Com

Neoen Sa

Solaredge Technologies Inc

Clearway Energy Inc

Enlight Renewable Energy Ltd

Grenergy Renovables, Sa

Invesco Solar ETF

TIANAN TECHNOLOGY GRP LTD by Tian'an Technology Group Ltd.

Tianan Technology Group Ltd

Tantech Holdings Ltd

TANVEX BIOPHARMA INC by Tanvex Biopharma Inc.

Tanvex BioPharma Inc

TANG PLACE CHINA HLDGS by TANG PLACE CHINA HOLDINGS LTD.

TANCHENG GROUP CO LTD by Tancheng Group Co., Ltd.

Tancheng Group Co Ltd

Tandem Diabetes Care, Inc. - Common Stock

Tandem Diabetes Care Inc

Tandy Leather Factory, Inc. - common stock

Tandy Leather Factory Inc

Tanger Inc

Tango Therapeutics Inc

TANKE BIOSCIENCES CORP by Tanke Biosciences Corp.

Tanke Biosciences Corp

Tanke Inc

TANSEISHA CO LTD ORD by Tanseisha Co., Ltd.

Tanseisha Co Ltd

TANTALEX LITHIUM RES CP by Tantalex Lithium Resources Corporation

Tantalex Lithium Resources Corp

TANTALUS SYS HLDGS INC by Tantalus Systems Holding Inc.

Tantalus Systems Holding Inc

Tantalus Systems Holding Inc Ordinary Shares

Nextracker Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXT#NASDAQ">NXT</a>) has <a target="_blank" href="https://www.benzinga.com/pressreleases/25/06/b46090338/nextracker-selected-for-landmark-european-solar-power-project" rel="noreferrer noopener">expanded its global clean energy presence</a> by supplying its NX Horizon solar tracking systems to Greece&#8217;s largest solar installation, the 550 MW Oricheio PPC Ptolemaida Solar PV Park in Western Macedonia.
Led by PPC Renewables, a subsidiary of Greece&#8217;s state-owned PPC Group, the project repurposes a former coal mine into a clean energy hub. Once operational, the solar park is expected to generate nearly 1.8% of the country&#8217;s annual electricity supply.
Engineering firm Terna SA oversaw construction, implementing Nextracker&#8217;s technology to support Greece&#8217;s shift toward renewable energy. The project aligns with Greece&#8217;s revised National Energy and Climate Plan, which now aims for 82% of electricity generation from renewable sources by 2030, up from a previous goal of 66%.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/mid-cap/25/05/45613306/nextracker-bolsters-india-presence-with-10-gw-milestone-new-hyderabad-hub" rel="noreferrer noopener">Nextracker Bolsters India Presence With 10 GW Milestone, New Hyderabad Hub</a>
Nextracker President Howard Wenger called the project &#8220;an important step to increase energy independence in Europe and derisk capacity shortages for the region&#8221; and commended PPC and Terna for their high execution standards.
According to Wood Mackenzie, Nextracker leads the solar tracker market in Europe and globally, with more than 130 gigawatts of systems shipped. To meet rising demand, the company has expanded its local manufacturing partnerships across Europe, ensuring timely delivery and support for large-scale and distributed-generation projects.
Investors can also gain exposure to the solar sector via ETFs like Invesco Solar ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAN#NYSE">TAN</a>) and iShares Global Clean Energy ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICLN#NASDAQ">ICLN</a>).
Price Action: NXT shares were trading lower by 0.017% to $57.25 premarket at last check Wednesday.
Read Next:
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<li><a href="https://www.benzinga.com/markets/tech/25/06/46089609/trump-administration-ordered-to-release-billions-in-ev-charger-funds-after-federal-judge-ruling" target="_blank" rel="noreferrer noopener">Trump Administration Ordered To Release Billions In EV Charger Funds After Federal Judge Ruling</a></li>
</ul>
Photo by fuyu liu via Shutterstock

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ICLN

Nextracker's Tech Powers Greece's Largest Solar Park

Wall Street took a sharp and unexpected turn lower by midday Tuesday as geopolitical fears surged following an Axios News report that President Donald Trump will meet with his national security team in the White House Situation Room to decide U.S. policy regarding the escalating war <a href="https://www.benzinga.com/topic/middle-east">between Israel and Iran.</a>
According to <a href="https://www.axios.com/2025/06/17/trump-situation-room-meeting-iran-israel-war">Axios</a>, U.S. officials said Trump is seriously considering direct military intervention, including a potential strike on Iran's underground uranium enrichment facility in Fordow. The situation began unfolding after Trump abruptly left the G7 summit in Canada late Monday and called for Iran's "unconditional surrender" on Tuesday.
Iran swiftly responded by ordering evacuations in Tel Aviv and Haifa, intensifying fears of regional war.
Major U.S. stock indexes fell in midday trading, as investors digested the threat of U.S. involvement in another Middle East conflict.
<h3 class="wp-block-heading">Stocks Fall, Solar Sector Gets Hammered By Senate Bill</h3>
The S&amp;P 500 declined 0.5% to 6,000 points, and the Nasdaq 100 slid by over 130 points, or 0.6%, to 21,800.
Volatility spiked during the session as the CBOE Volatility Index, commonly known as the VIX or Wall Street&#8217;s fear index, surged 7.6%. 
Treasury yields plunged, with 30-year yields down 6 basis points to 4.90%. The dollar rallied reflecting appetite for safe havens. 
Oil price soared 1% to $72.5 a barrel. Sector-wise, energy was the lone area in the green, buoyed by expectations of rising crude prices if the Middle East conflict intensifies. 
In contrast, the consumer discretionary and healthcare sectors led the market's losses, with the latter penalized by fresh advertising restrictions.
Defense contractors rallied sharply as the specter of military conflict lifted expectations for increased government defense spending. RTX Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) advanced 1.2%, Lockheed Martin Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) climbed 2.9% and Northrop Grumman Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>) gained 1.6% by midday.
Meanwhile, a draft version of the Senate's "Big Beautiful Bill" revealed plans to phase out all federal tax credits for solar and wind energy projects by 2028. These incentives were established under the 2022 Inflation Reduction Act.
The announcement triggered a broad selloff across solar-related stocks. The Invesco Solar ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAN#NYSE">TAN</a>) plunged 9% in midday trading. Among individual names, Sunrun Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>) collapsed 40%, SolarEdge Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>) dropped 35%, and Enphase Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) fell 25%. Industry bellwether First Solar Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>) lost 18%.
<h3 class="wp-block-heading">Tuesday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Major Indices </td>
<td>Price</td>
<td>Chg %</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>42,325.26</td>
<td>-0.4%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>6,000.66</td>
<td>-0.5%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>21,809.24</td>
<td>-0.6%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,108.55</td>
<td>-0.7%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated by 1:30 p.m. ET</figcaption></figure>
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/macro-economic-events/25/06/45978856/federal-reserve-rate-cuts-trump-tariffs-what-to-watch-wednesday">No Rate Cuts Yet, Fed Wants To See Where Tariffs Land: Here&#8217;s What To Watch Wednesday</a></li>
</ul>
Image created using artificial intelligence via Midjourney.

Equities

Government

Regulations

Sector ETFs

Bonds

Broad U.S. Equity ETFs

Forex

Econ #s

Economics

ETFs

ENPH

FSLR

SEDG

Wall Street Drops As Trump Weighs Iran Action, Defense Stocks Jump: What's Driving Markets Tuesday?

Nextracker Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXT#NASDAQ">NXT</a>) on Tuesday disclosed that it surpassed 10 GW of solar tracker deployments in India, highlighting <a target="_blank" href="https://www.benzinga.com/pressreleases/25/05/b45611539/nextracker-achieves-10-gw-solar-tracker-milestone-in-india" rel="noreferrer noopener">the country&#8217;s rapid solar expansion</a>.
The company is opening a new 80,000 sq. ft. office and R&amp;D center in Hyderabad to support this growth, underscoring its long-term commitment to the region and India&#8217;s clean energy goals.
The new office is the company&#8217;s largest office outside the U.S., which combines R&amp;D, testing, and workforce development and includes a 13-acre Center for Solar Excellence (CFSE) backed by a $1 million investment.
Also Read: <a target="_blank" href="https://www.benzinga.com/25/05/45447545/these-analysts-increase-their-forecasts-on-nextracker-after-upbeat-results" rel="noreferrer noopener">These Analysts Increase Their Forecasts On NEXTracker After Upbeat Results</a>
With over 400 employees already in the country, Nextracker is ramping up hiring across engineering, manufacturing, and customer support.
Notably, Nextracker added 1.8 GW of new projects last quarter, bringing its total India portfolio to over 10 GW and reflecting strong solar adoption momentum.
The company&#8217;s key recent wins include a 305 MW project with ReNew in Anantapur and 1.5 GW secured through partnerships with leading EPCs.
Rajeev Kashyap, senior vice president and managing director of Nextracker (Middle East, Africa, and India), said, &#8220;With 10 GW of projects commissioned or under delivery, we are equipping developers with best-in-class technology optimized for the country&#8217;s diverse needs while investing in local talent, infrastructure, and innovation to meet the country&#8217;s renewable energy goals.&#8221;
Subrahmanyam Pulipaka, CEO of the National Solar Energy Federation of India (NSEFI), said, &#8220;This kind of technology-driven, future-forward collaboration exemplifies what we need to achieve our national clean energy goals. By localizing the production of intelligent solar tracking systems and integrating advanced automation with domestic expertise, Nextracker is making a meaningful contribution to India&#8217;s Atma Nirbhar Bharat vision in the renewable energy sector.&#8221;
Investors can gain exposure to the stock via&nbsp;Invesco Solar ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAN#NYSE">TAN</a>) and&nbsp;Global X Solar ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RAYS#NASDAQ">RAYS</a>).
Price Action: NXT shares are trading higher by 1.27% to 456.76 premarket at last check Tuesday.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com//node/45420523" target="_blank" rel="noreferrer noopener">Nextracker Acquires Bentek Corporation For $78M In Cash Including Future Contingent Earnout Consideration</a></li>
</ul>
Image by fuyu liu via Shutterstock

Asia

Mid Cap

Movers

Tech

RAYS

Nextracker Bolsters India Presence With 10 GW Milestone, New Hyderabad Hub

Wall Street edges higher as GOP tax bill clears the House and bond yields ease, helping investors shake off prior losses while digesting mixed <a href="https://www.benzinga.com/economics/macro-economic-events/25/05/45567476/us-business-activity-rebounds-in-may-but-tariff-fueled-inflation-surges-at-fastest-pace-in-3-years">May business activity data.</a>
President Donald Trump's "one big beautiful tax bill" narrowly passed the House in a 215-214 vote and now moves to the Senate. According to the Congressional Budget Office, the proposed legislation is projected to add approximately $3 trillion to the national deficit over the next decade.
U.S. Treasury yields saw a whipsaw session, with the 30-year bond yield initially spiking to 5.15% before retreating by 9 basis points to 5.06% by midday in New York. The reversal in long-term rates signaled renewed investor appetite for long-duration bonds amid attractive yields.
Wednesday's sharp rise in yields had triggered a broad afternoon selloff in equities, but Thursday's pullback eased pressure on risk assets and improved investor sentiment.
The S&amp;P 500 rose 0.3% to 5,860 on Thursday, slightly recouping losses from the previous session. The tech-heavy Nasdaq 100 outperformed with a 0.7% gain.
Technology and consumer discretionary stocks led gains, riding momentum from falling yields. In contrast, defensive sectors like utilities and healthcare lagged. 
The U.S. dollar index (DXY) is on track to snap a three-day losing streak, supported by stronger-than-expected Purchasing Managers' Index (PMI) data for May. While the surveys pointed to solid growth, they also revealed renewed inflationary pressures, which tempered hopes for near-term Federal Reserve rate cuts.
Markets now fully price in a 25-basis-point rate cut only by December 2025, compared to prior expectations of an October move, based on CME Group's FedWatch Tool.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) extended its 2025 rally, jumping 2% above $111,000 to set fresh all-time highs. The world's largest cryptocurrency is now up 20% year-to-date. 
Gold prices, however, fell 0.7% to trade below $3,200 per ounce. Despite Thursday's drop, the precious metal has surged 25% so far in 2025, outperforming other major asset classes, continuing to attract inflows amid sticky inflation and uncertain fiscal policy paths.
<h3 class="wp-block-heading">Thursday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %Chg</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>21,220.06</td>
<td>0.7%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,861.99</td>
<td>0.3%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>41,976.57</td>
<td>0.3%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,049.02</td>
<td>0.1%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated by 12:20 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul class="wp-block-list">
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) inched 0.3% up to $584.61.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) inched 0.2% higher to $419.70.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)&nbsp;rose 0.7% to $516.50.</li>
<li>The&nbsp;iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) inched 0.1% higher to $203.51.</li>
<li>The&nbsp;Consumer Discretionary&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>) outperformed, up 0.6%; the&nbsp;Utilities&nbsp;Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLV#NYSE">XLV</a>) lagged, down 1.5%.</li>
</ul>
<h3 class="wp-block-heading">Thursday&#8217;s Stock Movers</h3>
Stocks reacting to earnings reports included: 
<ul class="wp-block-list">
<li>Analog Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADI#NASDAQ">ADI</a>) down 3.88%</li>
<li>Ralph Lauren Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RL#NYSE">RL</a>) up 0.51%</li>
<li>BJ&#8217;s Wholesale Club Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BJ#NYSE">BJ</a>) down 0.92%</li>
<li>e.l.f. Beauty, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELF#NYSE">ELF</a>) up 3.38%</li>
<li>SM Energy Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SM#NYSE">SM</a>) down 0.35%</li>
</ul>
Solar stocks tumbled after the GOP tax bill cleared the House, with the sector seeing sharp losses amid concerns over reduced clean energy incentives.
<ul class="wp-block-list">
<li>Sunrun Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>) down 39%</li>
<li>Invesco Solar ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TAN#NASDAQ">TAN</a>) down 8%</li>
<li>Enphase Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) down 19%</li>
</ul>
As the tax bill suggests increased deficits that could boost spending in sectors like defense and homeland security, tech-focused defense stocks moved higher.
<ul class="wp-block-list">
<li>Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) up 4.5%</li>
<li>CrowdStrike Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) up 2.6%</li>
</ul>
Stocks slated to report earnings after the close include Ross Stores Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROST#NASDAQ">ROST</a>), CryoPort Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYRX#NASDAQ">CYRX</a>), Workday Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>), Intuit Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTU#NASDAQ">INTU</a>), Autodesk Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADSK#NASDAQ">ADSK</a>) and Deckers Outdoor Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DECK#NYSE">DECK</a>).
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/government/regulations/25/05/45569891/big-tax-cuts-big-deficits-wall-street-winners-and-losers-emerge">Big Tax Cuts, Big Deficits: Wall Street Winners And Losers Emerge </a></li>
</ul>
Photo: Shutterstock

$BTC

ADSK

CRWD

CYRX

DECK

SPDR Dow Jones Industrial Average ETF Trust

INTU

PLTR

ROST

WDAY

Select Sector SPDR-Consumer Discretionary

Stocks Rebound As Treasury Yields Fall, Bitcoin Tops $111,000: What's Driving Markets Thursday?

The U.S. House of Representatives passed one of the most expansive tax-and-spending bills in modern history, setting the stage for a multi-trillion-dollar shift in federal deficits and sector <a href="https://www.benzinga.com/economics/macro-economic-events/25/05/45564489/trumps-big-tax-bill-clears-the-house-30-year-yields-jump-to-515-as-bond-market-freaks">dynamics over the next decade.</a>
The legislation is projected to balloon the federal deficit by over $3 trillion between 2025 and 2034, according to preliminary estimates from the Congressional Budget Office. The fiscal impact will peak around 2027, when the bulk of the temporary spending programs and tax cuts kick in.
<h1 class="wp-block-heading">Fiscal Alarm Bells Ring On Wall Street</h1>
Analysts at the bipartisan federal agency warn that such a sharp increase comes at a time when U.S. debt is already on an unsustainable trajectory.
"Adding more than $3 trillion to the debt when our nation's finances are already on an unsustainable path would be unwise," the CBO stated. 
"Lawmakers should go back to the drawing board and work on a bill that reduces deficits, not adds to them."
Spencer Hakimian, founder of Tolou Capital warned that with the bill's passage, markets should brace for permanent emergency-style stimulus and $4 trillion annual deficits within a few years.
"This is COVID-style spending — without the pandemic," Hakimian said in a post on X.
Goldman Sachs' economist Alec Phillips highlighted that Moody's recent U.S. credit rating downgrade was influenced by the bill's trajectory, stating, "Markets are already attuned to fiscal risks… early August remains our base case for enactment."
<h1 class="wp-block-heading">How The House Tax Bill Could Shake Up Different Sectors</h1>
According to CBO projections, the bill increases the deficit in three key government areas — meaning more spending is likely ahead:
<ul class="wp-block-list">
<li>Judiciary: $7 billion (deficit increase)</li>
<li>Armed Services: $144 billion</li>
<li>Homeland Security: $67 billion</li>
</ul>
This suggests significant boosts to military procurement, border enforcement and law enforcement infrastructure. These sectors could benefit from rising federal contracts and equipment orders, with likely beneficiaries including the iShares U.S. Aerospace &amp; Defense ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ITA#NYSE">ITA</a>) and the First Trust Nasdaq Cybersecurity ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CIBR#NASDAQ">CIBR</a>).
At the core of the bill is the Ways &amp; Means Committee, responsible for all tax policy, Social Security, Medicare, unemployment benefits and tariffs. This section alone accounts for $3.775 trillion of the total deficit increase.
Other areas of the budget plan reflect deficit reductions, which generally imply spending cuts or revenue gains. These include:
<ul class="wp-block-list">
<li>Energy &amp; Commerce: -988 billion (deficit reduction).</li>
<li>Agriculture: -$238 billion</li>
<li>Education &amp; Workforce: -$349 billion</li>
<li>Financial Services: -$5 billion</li>
<li>Natural Resources: -$20 billion</li>
<li>Oversight &amp; Government Reform: -$51 billion</li>
<li>Transportation &amp; Infrastructure: -$37 billion</li>
</ul>
Potential ETF losers include Invesco WilderHill Clean Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBW#NYSE">PBW</a>), iShares MSCI Agriculture Producers ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VEGI#NYSE">VEGI</a>), and iShares U.S. Transportation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYT#NYSE">IYT</a>), given expected cuts to renewables subsidies, rural and transportation programs.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x1f1fa;&#x1f1f8; CBO&#39;s First Score of House Reconciliation Bill &#8211; CRFB<a href="https://t.co/iFM00ypPuM">https://t.co/iFM00ypPuM</a> <a href="https://t.co/JmkCrJ8W3q">pic.twitter.com/JmkCrJ8W3q</a>
&mdash; Christophe Barraud&#x1f6e2;&#x1f433; (@C_Barraud) <a href="https://twitter.com/C_Barraud/status/1925540653607395776?ref_src=twsrc%5Etfw">May 22, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
<h1 class="wp-block-heading">Market Reactions</h1>
Initial market reactions hit the solar and renewables sectors, which suffered the brunt of market fallout. With many solar tax subsidies ended, the Invesco Solar ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TAN#NASDAQ">TAN</a>) fell 9% on Thursday. Among key names:
<ul class="wp-block-list">
<li>Sunrun Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>) collapsed 40%</li>
<li>SolarEdge Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>) dropped 26%</li>
<li>Enphase Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) fell 19%</li>
<li>First Solar Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>) declined 4%</li>
</ul>
Abigail Ross Hopper, CEO of the Solar Energy Industries Association, warned the bill would "upend an economic boom," potentially leading to blackouts and a strategic loss to China in the global AI race.
"This bill is willfully ignorant of the fact that deploying solar and storage is the only way the U.S. power grid can meet demand&#8230; If it becomes law, America will effectively surrender the AI race to China."
In contrast, consumer-related stocks rallied, buoyed by expectations of tax relief and increased household spending power. The SPDR S&amp;P Retail ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XRT#NYSE">XRT</a>) climbed 1.5%, led by Advance Auto Parts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAP#NYSE">AAP</a>), which soared 42% after a blowout earnings report.
Within tech-focused defense names, Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) jumped 4.5%, while cybersecurity leader CrowdStrike Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) gained 2.6%. 
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iShares Dow Jones US Aerospace & Defense Index Fund

iShares Dow Jones Transportation Average Index Fund

PowerShares Exchange Traded Fund Trust WilderHill Clean Energy Portfolio

VEGI

Big Tax Cuts, Big Deficits: Wall Street Winners And Losers Emerge

Ecopetrol S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EC#NYSE">EC</a>) announced Wednesday that it had signed an <a href="https://www.benzinga.com/pressreleases/25/05/n45539230/ecopetrol-s-a-signs-an-agreement-to-acquire-a-portfolio-of-up-to-1-300-megawats-of-solar-and-wind-" target="_blank" rel="noreferrer noopener">agreement to potentially acquire</a> a large-scale wind and solar energy portfolio in Colombia from Statkraft, reinforcing its commitment to renewable energy expansion.
Signed on May 20, the deal covers assets totaling up to 1.3 gigawatts in capacity, currently owned by Statkraft&#8217;s subsidiaries Enerfín Sociedad de Energía S.L.U. and Enerfin Enervento Exterior S.L. The projects are spread across the Colombian departments of La Guajira, Sucre, Córdoba, Caldas, and Magdalena.
The portfolio includes six entities managing 614 megawatts of solar capacity and three others overseeing 750 megawatts of wind energy. If finalized, the acquisition would significantly advance Ecopetrol&#8217;s goal of reaching 900 MW of renewable self-generation capacity by 2025.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/25/05/45472294/occidental-adnocs-xrg-eye-500-million-texas-carbon-capture-venture" rel="noreferrer noopener">Occidental, ADNOC&#8217;s XRG Eye $500 Million Texas Carbon Capture Venture</a>
Beyond boosting clean energy output, the initiative is expected to supply low-emission power for Ecopetrol&#8217;s internal operations, helping the company reduce reliance on volatile spot electricity markets. It also aligns with the firm&#8217;s 2040 strategy to diversify its energy sources and lower overall emissions.
Related ETFs: iShares Global Clean Energy ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICLN#NASDAQ">ICLN</a>), Invesco Solar ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAN#NYSE">TAN</a>)
Price Action: At the last check on Wednesday, EC shares were trading 0.37% higher at $8.60 premarket.
Photo: Shutterstock

Latin America

BEPC

Colombia's Ecopetrol Eyes 1.3 GW Renewable Push With Statkraft Agreement

The U.S. and China agreed to de-escalate their trade war by cutting tariffs by 115 percentage points, bringing U.S. duties on Chinese <a href="https://www.benzinga.com/government/regulations/25/05/45347089/wall-street-rips-higher-as-tariff-truce-halts-us-china-economic-escalation">goods down to 30%.</a>
The announcement sparked a broad-based equity rally, with the S&amp;P 500 climbing back to early March 2025 levels and erasing losses from President Donald Trump's &#8220;<a href="https://www.benzinga.com/government/regulations/25/05/45355655/magnificent-seven-gain-700b-after-us-china-slash-tariffs-gold-crashes-whats-driving-markets-monday">Liberation Day&#8221; tariff shock.</a>
The improved trade outlook also prompted economists to cut recession odds and upgrade U.S. growth forecasts for the second half of the year.
<h3 class="wp-block-heading">S&amp;P 500 Logs 5 Consecutive Winning Sessions</h3>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) closed 5% higher for the week, notching five straight sessions in the green.
Semiconductors kept powering higher. The iShares Semiconductor ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NYSE">SOXX</a>) rose nearly 10% on the week, logging its fourth straight week of gains and delivering its best monthly rally since 2020.
Yet, clean energy stocks – as tracked by the Invesco Solar ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAN#NYSE">TAN</a>) – outshined even chipmakers. Solar names surged after Republicans released a better-than-expected tax proposal <a href="https://www.benzinga.com/top-stories/25/05/45381191/first-solar-eyes-best-2-day-rally-since-2013-after-gop-tax-plan-spares-key-clean-energy-credits">on renewable energy credits.</a> Shares of First Solar Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>) soared 27% for the week, leading the sector.
<h3 class="wp-block-heading">Trump&#8217;s Middle East Blitz Attracts $2 Trillion In Gulf Commitments</h3>
During his Middle East visit, President Trump secured around $2 trillion in trade and investment pledges from Gulf countries.
<a href="https://www.benzinga.com/economics/macro-economic-events/25/05/45390422/trump-unveils-historic-and-transformative-600-billion-saudi-deal-predicts-markets-will-go-a-lot-higher">Saudi Arabia committed $600 billion</a> in deals involving Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>), Oracle Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NASDAQ">ORCL</a>), Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), Uber Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NASDAQ">UBER</a>), Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), GE Vernova (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEV#NYSE">GEV</a>) and Johnson &amp; Johnson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNJ#NYSE">JNJ</a>).
<a href="https://www.benzinga.com/government/regulations/25/05/45446924/trump-secures-12-trillion-qatar-deal-as-boeing-ge-land-record-orders">Qatar followed with a $1.2 trillion package</a> focused on energy and infrastructure, inking major contracts with GE Aerospace (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>) and Boeing.
The United Arab Emirates signed a $200 billion deal to import over one million AI chips from Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and other initiatives with Exxon Mobil Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NASDAQ">XOM</a>), Qualcomm Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) and Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>).
<h3 class="wp-block-heading">UNH In Free Fall, Consumer Inflation Concerns Hit 1980s Levels</h3>
Back on Wall Street, one corporate giant is facing deep losses in what's shaping up to be one of the worst crises in its history. UnitedHealth Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>) shares nosedived 27% this week, marking the company&#8217;s worst weekly performance since the 2009 financial crisis and extending a five-week losing streak.
CEO Andrew Witty resigned Tuesday citing "personal reasons," while the company suspended 2025 guidance due <a href="https://www.benzinga.com/25/05/45373368/unitedhealth-stock-plunges-names-new-ceo-suspends-2025-guidance">to surging medical costs</a>. A U.S. Department of Justice criminal probe into alleged fraud in its Medicare Advantage <a href="https://www.benzinga.com/general/health-care/25/05/45426769/unitedhealth-stock-plunges-over-8-in-after-hours-trading-as-doj-criminal-probe-adds-to-turmoil-after-ceo-shake-up">program worsened investor fears.</a>
On the macro front, <a href="https://www.benzinga.com/economics/macro-economic-events/25/05/45374267/inflation-eases-in-april-as-trumps-tariffs-dont-push-prices-higher">April inflation data</a> signaled softening price pressures, but retail sales dropped, reflecting consumer <a href="https://www.benzinga.com/economics/macro-economic-events/25/05/45435725/tariffs-slow-retail-spending-as-producer-prices-post-sharpest-drop-since-2020">caution amid trade uncertainty</a>. Inflation expectations are also heating up again.
The <a href="https://www.benzinga.com/economics/macro-economic-events/25/05/45470155/consumer-sentiment-crashes-to-5-year-lows-as-inflation-fears-reach-1981-levels">University of Michigan's survey</a> showed the weakest sentiment since 2020 as the one-year consumer inflation outlook hit levels last seen in 1981.
<h3 class="wp-block-heading">Chart Of The Week: Year-Ahead Consumer Inflation Expectations Have Never Been This High Since Early &#8217;80s</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="529" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/16155140/image-213-1024x529.png" alt="" class="wp-image-918486" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/16155140/image-213-1024x529.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/16155140/image-213-300x155.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/16155140/image-213-768x397.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/16155140/image-213-1536x793.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/16155140/image-213-2048x1058.png 2048w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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</ul>
Image created using artificial intelligence via Midjourney.

Federal Reserve

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iShares PHLX SOX Semiconductor Sector Index Fund

SOXX

UBER

US-China Trade Truce, Trump's Middle East Deals Spark Wall Street Rally: This Week In Markets

Wall Street's rally stretched into a second session Tuesday, fueled by improving investor sentiment after an early-week breakthrough in U.S.-China trade talks, easing inflation data and fresh geopolitical headlines involving major investment pledges <a href="https://www.benzinga.com/topic/donald-trump">from the Middle East.</a>
The Consumer Price Index showed signs of cooling in April, as both headline and core readings eased or met expectations, easing concerns that Trump's proposed trade tariffs would trigger a surge in inflation.
The S&amp;P 500 advanced 0.7%, adding to Monday's 3.3% surge, and reached its highest level since March 3.
Technology stocks outperformed again, with the Nasdaq 100 jumping 1.8%, driven by a standout 5.3% rally in NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>).
The chipmaker giant surged after reports that the United Arab Emirates may receive approval to purchase over a million of its advanced AI processors, while Saudi Arabia pledged up to $600 billion in future U.S. investments, with a focus on technology and infrastructure.
Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google, Oracle Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>), Salesforce Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>), Uber Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) and DataVolt have committed to invest a combined $80 billion in technology initiatives across both the U.S. and Saudi Arabia, according to a White House press release.
The news came during President Donald Trump's diplomatic visit to the Middle East, where he also reiterated confidence in the Republican tax bill, saying, "We're in good shape to pass the tax bill," and calling it "the biggest tax cut in history."
Crude oil prices spiked nearly 3% to surpass $63 a barrel after Trump warned that Iranian oil exports could be driven to zero due to the country&#8217;s threat to regional stability.
The rally marks a 10% surge over the past four sessions, putting crude on track for its best four-day run since 2022.
The energy sector rallied in tandem, with U.S. energy stocks rising 1.5% on the day.
U.S. Treasury yields extended gains amid improving risk appetite. The 10-year yield jumped to 4.50%, while the 30-year yield climbed to 4.95%, signaling stronger expectations for economic resilience and possibly tighter monetary conditions down the line.
The U.S. dollar index slipped 0.5% after Monday's strong gains, reflecting a mild pullback as traders repositioned. Gold rose 0.6% to recover some ground amid geopolitical headlines.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) rose 1.4% to $104,000, continuing its uptrend and reclaiming momentum after days of sideways action. 
<h1 class="wp-block-heading">Tuesday&#8217;s Performance In Major U.S. Indices, ETFs</h1>
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day chg %</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>21,234.91</td>
<td>+1.8%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,895.69</td>
<td>+0.9%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,105.25</td>
<td>+0.6%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>42,234.10</td>
<td>-0.4%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated by 12:30 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul class="wp-block-list">
<li>The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 0.84% to $587.87.</li>
<li>The SPDR Dow Jones Industrial Average (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) eased down 0.4% to $422.27.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) jumped 1.74% to $516.67.</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) rose 0.45% to $208.81.</li>
<li>The&nbsp;Technology&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) outperformed, up 2.2%; the&nbsp;Health Care&nbsp;Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLV#NYSE">XLV</a>) lagged, down 2.4%.</li>
</ul>
<h1 class="wp-block-heading">Tuesday&#8217;s Stock Movers</h1>
<ul class="wp-block-list">
<li>Clean energy and solar stocks rallied after House Republicans delivered a better-than-feared tax proposal for renewable energy incentives. The Invesco Solar ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAN#NYSE">TAN</a>) soared 5.9%, with First Solar Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>), <a href="https://www.benzinga.com/top-stories/25/05/45381191/first-solar-eyes-best-2-day-rally-since-2013-after-gop-tax-plan-spares-key-clean-energy-credits">leading gains, up 21%. </a></li>
<li>Semiconductors continued to extend gains, with the iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>), now up more than 10% over the past two sessions. </li>
<li>UnitedHealth Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>) tumbled 16% on Tuesday after the company withdrew its full-year guidance, citing a sharp rise in medical expenses. The health insurer also announced that CEO Andrew Witty has stepped down, citing "personal reasons."</li>
</ul>
Read Now:
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</ul>

Commodities

Global

GOOG

Stocks Surge, Nvidia Rallies 5%, Oil Tops $63 After Trump's Iran Warning: What's Driving Markets Tuesday?

Clean energy stocks spiked on Tuesday, with First Solar Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>) jumping more than <a href="https://www.benzinga.com/topic/renewable-energy">20% during early trading</a>.
The rally came after House Republicans delivered a better-than-feared tax proposal for renewable energy incentives.
The market had braced for a potential gutting of clean energy provisions under the Inflation Reduction Act (IRA), but the House GOP's proposed tax legislation, while imposing several phaseouts and rollbacks, kept many of the core credits intact.
This drove a sector-wide relief rally that sent major solar names and exchange-traded funds sharply higher.
First Solar has rallied 35% over the past two days, putting it on track for the strongest 2-day rally since 2013. 
The Invesco Solar ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAN#NYSE">TAN</a>) rose 6.5% Tuesday after a 4% rally on Monday, marking its best two-day performance in more than 12 months. The Invesco WilderHill Clean Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBW#NYSE">PBW</a>) followed suit, rising 3.4% Tuesday after a 5.1% surge on Monday.
Tuesday&#8217;s Top Performers Among Solar Stocks
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Security Name</td>
<td>Price</td>
<td>$ Return</td>
</tr>
<tr>
<td>Array Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARRY#NASDAQ">ARRY</a>)</td>
<td>8.34</td>
<td>21.90%</td>
</tr>
<tr>
<td>First Solar, Inc. </td>
<td>187.24</td>
<td>19.86</td>
</tr>
<tr>
<td>Shoals Technologies Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHLS#NASDAQ">SHLS</a>)</td>
<td>6.23</td>
<td>16.25</td>
</tr>
<tr>
<td>Sunrun Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>)</td>
<td>12.70</td>
<td>15.89</td>
</tr>
<tr>
<td>Nextracker Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXT#NASDAQ">NXT</a>)</td>
<td>56.65</td>
<td>11.89</td>
</tr>
<tr>
<td>Daqo New Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DQ#NYSE">DQ</a>)</td>
<td>15.44</td>
<td>10.22</td>
</tr>
</tbody>
</table>
</figure>
<h3 class="wp-block-heading">What's Inside The GOP Tax Bill Proposal?</h3>
The legislation, up for a House Ways and Means Committee vote Tuesday afternoon, includes several revisions to clean energy tax credits but stops short of dismantling them.
Key changes include:
<ul class="wp-block-list">
<li>25D residential solar tax credit (30%) ends for projects not installed by end-2025.</li>
<li>48E investment credit, used by residential and utility-scale solar, begins phasing out in 2029.</li>
<li>45X manufacturing credit ends after 2031, instead of phasing down in 2032.</li>
<li>45Y clean energy production credit changes qualification from "start of construction" to "placed in service" and phases down from 80% if placed in service during calendar year 2029, and then declines by 20% per year until reaching 0% in 2031.</li>
<li>Credit transferability was repealed, eliminating the ability to monetize credits by selling to large taxpayers</li>
<li>Additional cuts to funding, including $27 billion from the Greenhouse Gas Reduction Fund</li>
</ul>
A crucial clause excludes 45X credit eligibility for firms receiving significant support from foreign entities of concern, defined by national security laws.
<h3 class="wp-block-heading">Manufacturers Seen As Primary Winners</h3>
Analysts at Goldman Sachs said the proposal is "not as negative as initially feared," particularly for domestic clean energy manufacturers.
&#8220;We believe the initial reaction to the proposed tax plan is relatively bullish [&#8230;] as we believe investors had been pricing in a severely bearish possible outcome – such as the immediate repeal of IRA – and the phase out looks rather measured,&#8221; the firm&#8217;s analyst Brian Lee, CFA, said.
Companies with high U.S. revenue exposure, such as Sunrun Inc., Shoals Technologies Group Inc., First Solar Inc., and Array Technologies Inc., stand to benefit the most, according to the expert.
For First Solar, the revision to the 45X credit is especially supportive, potentially contributing 75% of its 2026 earnings per share, according to Goldman estimates. The company's U.S.-based manufacturing footprint could also gain from the foreign-entity restrictions.
Conversely, residential-focused firms like Enphase Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) and SolarEdge Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>) may face pressure from the removal of the 25D credit in 2026, which could hurt demand for solar loan and cash sale products.
Now Read: 
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<li><a href="https://www.benzinga.com/markets/equities/25/05/45368550/apple-may-up-its-numbers-amid-china-tariff-truce-trump-talks-500-billion-us-investment-after-tim-cook-call">Apple May &#8216;Up Its Numbers&#8217; Amid China Tariff Truce: Trump Talks $500 Billion US Investment After Tim Cook Call</a></li>
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Image: Shutterstock

ARRY

SHLS

First Solar Eyes Best 2-Day Rally Since 2013 After GOP Tax Plan Spares Key Clean Energy Credits

Sunrun Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>) shares are trading higher on Thursday after the company reported better-than-expected <a target="_blank" href="https://www.benzinga.com/news/earnings/25/05/45268589/sunrun-stock-rallies-after-strong-q1-report-details" rel="noreferrer noopener">first-quarter results on Wednesday</a>.
The company reported an EPS of 20 cents per share, which beat the analyst consensus estimate of 25 cents loss and revenue of $504.27 million, which beat the <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">consensus estimate of $484.06 million</a>.
Guggenheim analyst Joseph Osha kept Neutral rating on the stock and writes that while overall customer volume growth is modest in the quarter (additions of 25,428, up only 6%, with <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color" rel="noreferrer noopener">expected decelerating comps)</a>.
The analyst anticipates the company to continue to prioritize liquidity and profitability over aggressive growth in the near to medium term, awaiting a more favorable environment.
Also Read: <a target="_blank" href="https://www.benzinga.com/25/05/45164497/jim-cramer-this-financial-stock-is-a-buy-likes-exlservice-holdings" rel="noreferrer noopener">Jim Cramer: Sunrun Had &#8216;Bad Couple Of Quarters,&#8217; ExlService Holdings Is &#8216;Solid&#8217;</a>
Osha projects Sunrun to become an increasingly dominant player as the residential solar industry consolidates.
The analyst writes that the company&#8217;s main challenges are policy-related, particularly the solar Investment Tax Credit (ITC), which significantly impacts their cash generation ($50 million impact on cash flow for every 1% change in the effective ITC rate).
The analyst notes that the company has strategies to counteract a lower ITC, and management stated their belief that the company can still generate cash under such circumstances.
However, the analyst adds that accurately predicting the net effect and timing of potential changes to the Inflation Reduction Act on cash generation is exceedingly challenging.
Osha expects this to pose a considerable challenge for RUN investors in the medium term.
KeyBanc analyst Sophie Karp reiterated a Sector Weight rating and said the results beat consensus. They exceeded their solar and storage capacity addition guidance and marked their fourth <a target="_blank" href="https://www.benzinga.com/quote/RUN/analyst-ratings" rel="noreferrer noopener">quarter of positive cash flow</a>.
The company&#8217;s second quarter and FY25 guidance indicates strong demand across channels, and they continued to reduce corporate debt, adds the analyst.
Karp writes that while these positives might offer some valuation support, broader uncertainty around government and fiscal policy, coupled with persistently high industry-wide cost of capital, can lead to shares unlikely to regain positive momentum in the near term.
Investors can gain exposure to the stock via&nbsp;the Invesco Solar ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAN#NYSE">TAN</a>) and&nbsp;the ProShares S&amp;P Kensho Cleantech ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CTEX#NYSE">CTEX</a>).
Price Action: RUN shares are up 11.7% at $8.255&nbsp;at the last check on Thursday.
Read Next:
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<li><a href="https://www.benzinga.com//node/45264157" target="_blank" rel="noreferrer noopener">Emerson Delivers Q2 Profit Thanks To Cost Discipline, Raises The Bar for FY25</a></li>
</ul>
Image via Shutterstock

Reiteration

CTEX

Can Sunrun Weather the Policy Storm? Analysts Weigh Potential Solar ITC Cuts

The U.S. Energy Department (DoE) is reportedly contemplating substantial reductions, potentially halting&nbsp;nearly $10 billion in federal&nbsp;funding for clean-energy projects. This move could jeopardize high-profile collaborations with&nbsp;Exxon Mobil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>)&nbsp;and&nbsp;Occidental Petroleum (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>).
What Happened: The proposed cuts could disrupt contracts with energy companies involved in&nbsp;hydrogen, carbon capture, long-duration energy&nbsp;storage, and other technologies, The Wall Street Journal <a href="https://www.wsj.com/politics/policy/doge-comes-for-clean-energy-putting-exxon-and-occidental-projects-at-risk-565bd42f">reported</a>. These reductions are a part of President Donald Trump's broader initiative through the Department of Government Efficiency (DOGE) to reduce the size and cost of government, and could result in thousands of job losses at the Department of Energy (DOE), according to the report. 
DOGE&#8217;s&nbsp;efforts, overseen by Trump advisor Elon Musk, have already resulted in significant contract reductions and&nbsp;job cuts across the federal&nbsp;workforce. The $10 billion figure represents&nbsp;potential funding slashes in two&nbsp;DOE offices and a portion of the DOGE-driven cancellations being considered across the Energy Department.
Several key partnerships are at risk, including projects with Exxon, NextEra Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEE#NYSE">NEE</a>), and Occidental Petroleum, as the DOE considers cutting support. Additionally, funding for four regional hydrogen hubs—mainly in Democratic-leaning areas—is also under review.
DOE did not respond to <a href="http://pro.benzinga.com">Benzinga&#8217;s</a> request for comment.
SEE ALSO:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/25/04/44877231/ethereum-price-plunges-to-2018-levels-what-is-going-on" target="_blank" rel="noreferrer noopener">Ethereum Price Plunges To 2018 Levels: What Is Going On? &#8211; Benzinga</a>
Why It Matters: The proposed cuts follow President Trump&#8217;s earlier move to freeze billions in federal funding, affecting projects in clean energy, conservation, and transportation across the United States. This move&nbsp;in February has created <a href="https://www.benzinga.com/news/25/02/43628767/trump-freezes-billions-in-federal-funding-jobs-and-projects-in-clean-energy-conservation-and-transportation-left-in-limbo">uncertainty </a>for thousands of workers and local economies.
Moreover, in April 2025, Trump unveiled plans to <a href="https://www.benzinga.com/government/regulations/25/04/44701436/trump-unleashes-beautiful-clean-coal-policies-as-wall-street-tanks-sp-500-hits-1-year-low">revive U.S. coal production</a>, marking a dramatic policy reversal from the climate-focused agendas of the Biden and Obama administrations. This shift in policy and the proposed funding cuts could significantly impact the clean energy sector and its stakeholders.
Meanwhile, DOGE has drawn severe criticism for its mass firings. Billionaire entrepreneur Mark Cuban <a href="https://www.benzinga.com/personal-finance/25/03/44484549/mark-cuban-on-doge-government-cuts-this-isnt-a-corporate-turnaround-this-is-the-united-states-of-america">warned </a>that abruptly cutting federal programs, agencies, and jobs without considering the economic impact could harm local economies. He noted that in some cities, up to 9% of the workforce depends on government jobs, and sudden cuts could lead to job losses, falling home values, and economic decline.
iShares Global Clean Energy UCITS ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICLN#NASDAQ">ICLN</a>) and Invesco Solar ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAN#NYSE">TAN</a>) climbed 1.77% and 1.19%, respectively, on Thursday.
While shares of Occidental Petroleum and Exxon Mobil rose 3.28% and 2.62%, respectively, during the same period.
<ul>
<li>READ MORE:&nbsp;<a href="https://benzinga.com/news/25/04/44881570/trump-administration-to-lay-off-nearly-90-of-cfpb-employees-in-major-downsizing-report" target="_blank" rel="noreferrer noopener">Trump Administration To Lay Off Nearly 90% Of CFPB Employees In Major Downsizing: Report</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Markets

Trump's Energy Department Mulls Cutting Billions In Clean-Energy Funds, Threatening Exxon, Occidental Projects

Enphase Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) shares are trading higher premarket on Wednesday. The company launched its most powerful and versatile battery to date, the IQ Battery 5P with FlexPhase, <a target="_blank" href="https://www.benzinga.com/pressreleases/25/04/g44708775/enphase-energy-expands-in-europe-with-iq-battery-5p-with-flexphase-delivering-three-phase-backup-p" rel="noreferrer noopener">for customers in Poland</a>.
This all-in-one AC-coupled system offers reliable backup power and supports both single-phase and three-phase setups, providing flexible energy solutions for various home needs.
The FlexPhase battery was recently introduced in Germany, Austria, Switzerland, and Luxembourg.
The IQ Battery 5P starts with 5 kWh of capacity and can be scaled up to 70 kWh using multiple units.
Each 5 kWh battery delivers up to 3.68 kW of continuous power in single-phase setups and 1.28 kW per phase in three-phase setups.
Designed for flexibility, it supports both grid-tied and backup power configurations.
When paired with the IQ System Controller 3 INT, it can deliver up to twice its continuous power for three seconds to start high-power devices without grid support.
In Poland, the battery comes with a 15-year industry-leading warranty.
Szymon Konieczka, CEO of BTI Solar, an installer of Enphase products in Poland, stated, &#8220;What sets this technology apart is its adaptability – the battery&#8217;s scalable architecture accommodates both single-phase and three-phase systems, letting us customize backup solutions for each home. Enphase continues to be an industry leader with innovations like this.&#8221;
Sabbas Daniel, senior vice president of sales at Enphase Energy, said, &#8220;With its compatibility for both single-phase and three-phase systems, the IQ Battery 5P is ideally suited for retrofitting the country&#8217;s large base of existing solar homes.&#8221;
On Tuesday, the company disclosed the launch of its most powerful and flexible battery to date, the IQ Battery <a href="https://www.benzinga.com/news/contracts/25/04/44694476/enphase-unveils-advanced-three-phase-iq-battery-in-luxembourg-with-15-year-warranty" target="_blank" rel="noreferrer noopener">5P with FlexPhase, in Luxembourg</a>.
Investors can gain exposure to the stock via&nbsp;Invesco Solar ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAN#NYSE">TAN</a>) and&nbsp;Global X Solar ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RAYS#NASDAQ">RAYS</a>).
Price Action: ENPH shares are down 1.75% at $48.65 at the last check Wednesday.
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</ul>
Photo: Shutterstock

Enphase Rolls Out Scalable, Grid-Ready IQ Battery 5P in Poland With 15-Year Warranty

Enphase Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) shares are trading lower on Tuesday after the company disclosed the launch of its most powerful and flexible battery to date, the IQ Battery 5P with <a href="https://www.benzinga.com/pressreleases/25/04/g44682441/enphase-energy-expands-in-europe-with-iq-battery-5p-with-flexphase-delivering-three-phase-backup-p" target="_blank" rel="noreferrer noopener">FlexPhase, in Luxembourg</a>.
This all-in-one, AC-coupled system supports three-phase electrical configurations, commonly used in Luxembourg homes, and is designed to provide dependable backup power.
The rollout follows the battery's recent introduction in Germany, Austria, and Switzerland.
The IQ Battery 5P starts at 5 kWh of capacity and multiple units can be configured to provide up to 70 kWh.
Each 5 kWh battery is designed to deliver continuous power of up to 3.84 kW in single-phase configuration and 1.28 kW per phase in three-phase configuration.
The new batteries can be configured to meet the needs of each homeowner, offering grid-tied support or backup power.
The batteries are designed to discharge up to two times the maximum continuous power for three seconds, enabling the start-up of high-power devices without the grid when paired with the IQ&nbsp;System Controller 3 INT.
Last week, the company launched its IQ System Controller <a target="_blank" href="https://www.benzinga.com/pressreleases/25/04/g44625458/enphase-energy-adds-battery-backup-to-boost-resilience-in-france-and-the-netherlands" rel="noreferrer noopener">in France and the Netherlands</a>.
The system integrates IQ Microinverters and IQ Battery 5Ps to offer a complete energy solution, enabling homeowners to switch to backup power during outages and keep essential appliances running.
The company plans to release Q1 <a href="https://www.benzinga.com/earnings" target="_blank" rel="noreferrer noopener">2025 results on April 22</a>.
Investors can gain exposure to the stock via Invesco Solar ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAN#NYSE">TAN</a>) and Global X Solar ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RAYS#NASDAQ">RAYS</a>).
Price Action: ENPH shares are down 2.36% at $54.45 at the last check on Tuesday.
Read Next:
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<li><a href="https://www.benzinga.com/news/earnings/25/02/43481122/enphase-energy-stock-rallies-after-strong-q4-results-q1-guidance-above-estimates" target="_blank" rel="noreferrer noopener">Enphase Energy Stock Rallies After Strong Q4 Results, Q1 Guidance Above Estimates</a></li>
</ul>
Photo: Shutterstock/T. Schneider

Contracts

Enphase Unveils Advanced Three-Phase IQ Battery in Luxembourg with 15-Year Warranty

The White House has ordered a temporary freeze on all federal grants and loans, putting $3 trillion in funding under scrutiny and setting the stage for a legal and political showdown over the congressional power of the purse that could heavily impact a <a href="https://www.benzinga.com/markets">wide range of industries.</a>
The directive, issued Monday by the Office of Management and Budget and received by several media outlets, requires all federal agencies to halt disbursements while programs are reviewed for alignment with President Donald Trump's policy priorities.
This includes halting new awards, existing payment and funding for projects until reviewed.
The exact financial impact of the order remains uncertain. Budget experts cited <a href="https://www.washingtonpost.com/business/2025/01/28/trump-spending-freeze-upends-washington-triggering-legal-threats-delays/">by the Washington Post </a>estimate at least tens of billions of dollars are at stake, though the White House directive suggests the total could be significantly higher.
Of the almost $10 trillion spent by the federal government in fiscal 2024, more than $3 trillion was federal financial assistance, Matthew Vaeth, acting director at the OMB, said in the memorandum.
&#8220;Financial assistance should be dedicated to advancing Administration priorities,&#8221; Vaeth said, adding that &#8220;the use of Federal resources to advance Marxist equity, transgenderism, and green new deal social engineering policies is a waste of taxpayer dollars that does not improve the day-to-day lives of those we serve.&#8221;
The White House said that Social Security and Medicare remain untouched. The sweeping pause threatens funding for universities, nonprofits, contractors and private companies that depend on federal assistance.
&#8220;Nothing in this memo should be construed to impact Medicare or Social Security benefits,&#8221; the memo said. 
The immediate focus will be on how agencies handle exemptions. The OMB memo allows federal departments to request case-by-case approvals, which means some funding may still flow, but the process is likely to be slow and politically charged.
Federal agencies have until Feb. 10, 2025, to provide OMB with detailed reports outlining which programs, projects, and activities are affected by the funding pause.
<h3 class="wp-block-heading">Legal, Political Showdown Over Federal Funds </h3>
The move is triggering legal challenges from nonprofits and Democratic-led states.
Within hours of the announcement, lawsuits were filed in federal courts in New York, Illinois and Oregon, arguing that Trump does not have the authority to withhold congressionally approved spending.
Senate Minority Leader Chuck Schumer was among the first to push back, saying Congress-approved investments are legally mandated and asserting the president lacks the authority to override the Impoundment Control Act of 1974, which restricts unilateral executive control over federal funds.
Trump has long argued that the 1974 law is unconstitutional, stating that past presidents had far more discretion over spending before its passage.
<h3 class="wp-block-heading">Which Industries Could Face Trouble?</h3>
Some of the hardest-hit sectors could include clean energy, defense, health care and education, where federal dollars have played a crucial role in driving investment and growth in recent years.
Trump's OMB memo explicitly targeted climate initiatives and green energy programs. Shares of solar and renewable energy companies were among the hardest hit following the federal funding freeze.
The Invesco Solar ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAN#NYSE">TAN</a>) and the Invesco Wilderhill Clean Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBW#NYSE">PBW</a>) fell by 2% and 1.3%, respectively, on Tuesday. 
Sunnova Energy International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOVA#NYSE">NOVA</a>) dropped 12%, Sunrun Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>) fell 9.2% and SolarEdge Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>) declined 5%. 
Defense contractors such as Lockheed Martin Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>), RTX Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) and Northrop Grumman (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>) may also see rising uncertainty. While military spending is unlikely to be cut outright, several defense contractors rely on federal grants for research and development. 
The impact on health care remains unclear. While Medicare is shielded, Medicaid funding — which supports hospitals, managed care providers and pharmaceutical companies — could be at risk.
HCA Healthcare Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HCA#NYSE">HCA</a>) and Universal Health Services Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UHS#NYSE">UHS</a>) fell by 1% and 1.4%, respectively, while Tenet Healthcare Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THC#NYSE">THC</a>) showed resilience Tuesday. 
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</ul>
Photo via Shutterstock.

Politics

NOVA

Trump's Federal Spending Freeze Puts $3 Trillion In Limbo, Threatens Industries Like Clean Energy, Defense, Health Care

Trump's first day in office brought a wave of executive orders targeting immigration, energy, social policies, and announcing the withdrawal from global agreements like the Paris Climate Accord and <a href="https://www.benzinga.com/topic/donald-trump">the World Health Organization. </a>
Trump also pledged to raise tariffs up to 25% on both Canada and Mexico starting Feb. 1, but fell short of announcing universal tariffs on all imports.
Following Monday&#8217;s market closure for Martin Luther King Jr. Day, investors began assessing how Trump's new policy measures could impact sectors across the board. 
Gold miners and defense stocks outperformed, while solar energy companies were among the hardest hit.
<h3 class="wp-block-heading">Wall Street&#8217;s Winners And Losers After Trump&#8217;s Day 1</h3>
Gold miners were among the standout performers, amid rising trade fears between the U.S. and Canada. 
The VanEck Gold Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDX#NYSE">GDX</a>) climbed 2.6% by 1:30 p.m. ET Tuesday. Leading gains were Harmony Gold Mining Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMY#NYSE">HMY</a>), up 4.3% and Endeavour Silver Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXK#NYSE">EXK</a>), up 3.1%.
&#8220;While President Trump's Inauguration Day policy announcements on tariffs were more benign than expected, we continue to expect the White House to increase tariff rates on autos and imports from China, and we see other tariff proposals as a risk,&#8221; Goldman Sach&#8217;s analyst Elsie Peng wrote in a note Tuesday.
Defense stocks also surged as Trump's policies emphasized national security and border protection declaring a &#8220;national emergency&#8221; at the southern border with Mexico. The iShares U.S. Aerospace &amp; Defense ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ITA#NYSE">ITA</a>) rose 3.3%.
Other notable movers included the U.S. Global Jets ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JETS#NYSE">JETS</a>), up 2%, and the SPDR S&amp;P Metals &amp; Mining ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XME#NYSE">XME</a>), which rose 1.6% as investors bet on increased demand for industrial materials.
Oil and gas exploration companies saw declines despite <a href="https://www.benzinga.com/government/regulations/25/01/43097430/trumps-drill-baby-drill-era-begins-oil-prices-tumble-us-energy-stocks-edge-up">Trump's "Drill, Baby, Drill"</a> push to unleash U.S. energy resources. The SPDR S&amp;P Oil &amp; Gas Exploration &amp; Production ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOP#NYSE">XOP</a>) dropped 1.1%, signaling concerns about potential oversupply.
Clean energy and solar stocks, however, suffered from Trump's decision to halt offshore wind leasing and withdraw the U.S. from the Paris Climate Accord. 
The Invesco Solar ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAN#NYSE">TAN</a>) fell 3.1%, with losses from Daqo New Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DQ#NYSE">DQ</a>), down 6.7%, and First Solar Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>), which dropped 5.4%. The Invesco WilderHill Clean Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBW#NYSE">PBW</a>) slipped 1%.
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Photo: Shutterstock

Market Vectors ETF Trust Market Vectors Gold Miners

JETS

Trump's First Day Sends Gold Miners, Defense Stocks Soaring, Solar Sliding

The World Economic Forum's (WEF) "Global Risks Report" for 2025 paints a sobering picture of the challenges ahead. The survey, released during the <a href="https://www.benzinga.com/topic/world-economic-forum#more-news">WEF&#8217;s annual meeting in Davos</a>, Switzerland, highlights the risks of geopolitical tensions, climate change and disinformation. 
These risks call for strategies to safeguard investments while capitalizing on emerging opportunities. Here&#8217;s how some ETFs could help investors sail smoothly through each global challenge mentioned in the survey.
Armed Conflict
According to the WEF report, 23% of respondents named state-based armed conflict as the most pressing risk for 2025. Persistent geopolitical tensions, such as the Russia-Ukraine conflict and the unrest in the Middle East, have shaken global trust.
In such a dire situation, defense ETFs and global security ETFs can save the day for investors. iShares U.S. Aerospace &amp; Defense ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITA#BATS">ITA</a>) provides exposure to U.S.-based companies in the defense sector, which could benefit from increased government spending on military capabilities. Moreover, an expense ratio of 0.4% makes it a cost-effective option. Also, a beta of 0.97% means it is at slightly lower risk than the broader market during volatility.
In addition, the SPDR S&amp;P Kensho Future Security ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FITE#NYSE">FITE</a>) focuses on innovative companies addressing global security challenges, including cybersecurity and physical defense. A glimpse of its top holdings include Viasat (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VSAT#NASDAQ">VSAT</a>), Lockheed Martin (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) and F5 Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIV#NASDAQ">FFIV</a>). The fund boasts an expense ratio of 0.45%.
Extreme Weather
The climate crisis is intensifying the frequency and severity of weather events such as floods, heatwaves, and tornadoes. With environmental risks dominating the 10-year horizon, resilient investment strategies are the need of the hour.
Clean Energy ETFs are well-positioned to capitalize on this global challenge. Invesco Solar ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAN#NYSE">TAN</a>) has holdings in solar energy companies like Enphase Energy Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NYSE">ENPH</a>) and First Solar Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NYSE">FSLR</a>), which are poised to benefit from global decarbonization efforts.
See Also: <a href="https://www.benzinga.com/news/24/10/41594398/bill-gates-climate-innovation-model-wins-praise-from-ray-dalio-klaus-schwab-but-say-1-trillion-annua">Bill Gates&#8217; Climate Innovation Model Wins Praise From Ray Dalio, Klaus Schwab, But Say $1 Trillion Annual Funding Globally Is Not Enough</a>
Disinformation and Misinformation
For the second consecutive year, the scourge of misinformation and disinformation has been flagged by WEF as a top risk, leading to societal distrust, markets disruption, and heightened polarization. 
Many tech companies are united in their efforts to curb the spread of misinformation as well as disinformation (there is a very thin line of intentions separating the two terms). However, among those most equipped to fight this menace are cybersecurity companies. Naturally, <a href="https://www.benzinga.com/25/01/42829188/hack-attack-cybercrime-surge-fuels-demand-for-cybersecurity-etfs">ETFs focusing on the cybersecurity sector</a> stand to gain.
First Trust Nasdaq Cybersecurity ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CIBR#NASDAQ">CIBR</a>) focuses on companies addressing cyber threats, which often fan the fire of misinformation. Stocks of companies like Broadcom, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), Crowdstrike Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) and Cisco Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>), prominent players in the cybersecurity space, are part of this fund&#8217;s holdings. 
Media ETFs like the Communication Services Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>) can also benefit from media firms, which are increasingly becoming content-conscious. Media firms may benefit from investing in trusted content creation and digital information technologies.
Why ETFs Are Ideal In Turbulent Times
Insights from over 900 global risk experts, policymakers and industry leaders in September and October last year were obtained to compile WEF&#8217;s survey report. Some of the other short-term risks that the WEF's report highlights include societal polarization, cyber espionage, pollution, and inequality.
In these turbulent times, investors seek to hedge their investments instead of holding back from the market. ETFs come into the picture as flexible, cost-efficient and concern-specific instruments that allow investors to diversify their portfolios across sectors and geographies during global uncertainties.
As Carolina Klint of Marsh McLennan Europe told CNBC, "I think we're navigating an era now marked by increasing economic tensions&#8230;And I think we have to recognize the fragmentation is not a theoretical concern. It is something that we need to confront today. So, it has resulted in a more complex and uncertain trading environment." 
Building a resilient portfolio with ETFs aligned to global challenges can help investors power through 2025.
See Next: 
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<li><a href="https://www.benzinga.com/etfs/new-etfs/25/01/43010401/maximize-growth-minimize-risk-with-new-dynamic-allocation-etf">Maximize Growth, Minimize Risk With New, Dynamic Allocation ETF</a></li>
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Photo: Shutterstock

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Davos 2025: ETFs To Tackle Geopolitical, Climate, Cyber Risks

While the Cybertruck may have actually made its debut on the U.S. roadways in November 2023, this Tesla electric vehicle&#8217;s debutante year of 2024 was nothing <a href="https://www.benzinga.com/topic/cybertruck">less than a success</a> among Benzinga readers. 
Sightings of this not-so-demure rare bird<a href="https://www.benzinga.com/news/24/07/39894802/tesla-vehicle-goes-up-in-flames-at-charging-station-these-are-not-easy-fires-to-put-out-first-respon"> included the truck in flames</a> — a metaphor for 2024, some might say. 
Shaquille O'Neal, a former NBA superstar who makes multiple appearances on the 2024 list, is among its fans, but the Cybertruck is also intrinsically linked to Tesla CEO Elon Musk.
Despite the ubiquity of Cybertrucks, Musk and Shaq, the No. 1 spot went to Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), which made a stellar <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42501517/whale-accumulation-powers-bitcoins-bull-run-but-retail-still-the-king-in-ownership">comeback in the latter part of 2024</a>, much to the chagrin of one possible Bitcoin holder — and the No. 1 article for 2024.
See Also:&nbsp;<a href="https://www.benzinga.com/general/entertainment/23/12/36438573/benzingas-top-5-articles-for-2023-a-tesla-model-y-inferno-brics-currency-ambitions-and-othe"> The No. 1 article for 2023 was "Tesla Told Driver To Bring &#8216;Fully Burned&#8217; Model Y To Service Center After It Burst Into Flames On Roadside&#8221; by Adam Eckert.</a>
1. &#8220;<a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41308908/man-who-accidentally-threw-hard-drive-containing-8-000-bitcoins-worth-half-a-billion-dolla">Man Who Accidentally Threw Hard Drive Containing 8,000 Bitcoins Worth Half a Billion Dollars in Landfill</a>,&#8221; by Aniket Verma, published, Oct. 14. (There was a <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42232028/remember-james-howells-who-lost-his-hard-drive-with-8000-bitcoins-now-worth-760m-his-ex-girlfriend-reveals-it-was-she-who-threw-it-away">follow-up article on Nov. 28</a> in which the ex-girlfriend admitted to throwing it out.)
If there is a winner of messing up on the world stage, it would have to go to the Bitcoin holder who threw away millions.
In 2013, when Bitcoin traded between $50 and $1,242 per token, an unfortunate man discarded a hard drive containing the private key for 8,000 Bitcoins. Fast forward to Dec. 30, 2024, with Bitcoin priced at $92,562 per token, that lost stash is now worth $740,496,000. While it falls short of landing him on the Forbes Billionaire list, it&#8217;s still more than enough to afford a luxurious penthouse on Park Avenue in New York City or in Dubai.
But lo and behold — spoiler alert — it turns out his ex-girlfriend actually threw the hard drive out, per his request to help him tidy up his house, according to a Daily Mail <a href="https://www.dailymail.co.uk/news/article-14117759/threw-away-569million-Bitcoin-fortune-council-tip.html">article</a>. Probably not one of the best decisions he's ever made.
2. &#8220;<a href="https://www.benzinga.com/general/entertainment/24/09/40758484/nba-legend-shaq-shows-off-his-new-widebody-carbon-fiber-tesla-cybertruck-elon-musk-has-a-on">NBA Legend Shaq Shows Off His New Widebody Carbon Fiber Tesla Cybertruck: Elon Musk Has A One Word Reaction</a>,&#8221; by Rounak Jain, published Sept. 7.
Shaq likes cars. He has around 40 vehicles, with a good portion of them customized — it could be that he is 7 feet 1 inches tall or perhaps he just likes to add a personal touch, such as a Superman "S" log on the front of his black Range Rover, according<a href="https://www.gamedaynews.com/athletes/shaqs-massive-vehicle-collection"> to</a> GameDay News. Car aficionado that he is, Shaq of course had to have a Cybertruck. But not just any Cybertruck. Customized by Effortless Motors, the vehicle, dubbed "Cyberbeast," has a wide body kit and carbon fiber construction, as well as 26-inch rims and a black-on-black color scheme. 
Musk weighed in on it on X, saying it was "Nice." Compliment or shade? Only Musk knows for sure. 
3. &#8220;<a href="https://www.benzinga.com/news/24/09/41059891/elon-musk-says-because-almost-none-of-you-do-your-math-sums-the-world-is-largely-not-using-the-big-f">Elon Musk Says That World Isn't Using The Sun's Energy Enough Because Most People Don't Do The Math</a>,&#8221; by Benzinga Neuro,&nbsp;published Sept. 26
Is it even a Benzinga Top 5 Articles of the Year if there isn&#8217;t more than one article featuring Musk? No! (See <a href="https://www.benzinga.com/markets/cryptocurrency/22/12/30219131/benzingas-top-5-articles-for-2022-aka-the-year-your-grandparents-found-out-who-elon-musk-i">"Benzinga&#8217;s Top 5 Articles For 2022 — AKA The Year Your Grandparents Found Out Who Elon Musk Is" </a>as a sample of the Musk-omnipresence.)
Musk touts solar energy with some interesting facts, such as he "suggested that the amount of solar energy received by Earth could <a href="https://www.benzinga.com/news/23/02/30973037/elon-musk-says-this-energy-source-can-power-a-civilization-over-100-times-larger-than-ours">power a civilization</a> 100 times larger than ours." 
Solar is an industry that has had a bumpy to bad year: the Invesco Solar ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAN#NYSE">TAN</a>) is down around 36% year-to-date, for example. 
But let's not forget that Musk's Tesla also makes Powerwall battery storage, which can store energy either solar or from the electrical grid. Solar energy plus Powerwall, equals more money for Tesla. It's all in the math, so to speak.
4.  &#8220;<a href="https://www.benzinga.com/general/entertainment/24/08/40413674/nba-legend-shaq-missed-his-tesla-cybertruck-so-much-instead-of-shipping-it-from-vegas-to-at">NBA Legend Shaq Missed His Tesla Cybertuck So Much, Instead of Shipping it from Vegas to Atlanta, He Reportedly Ordered One More,&#8221;</a> by Rounak Jain, published Aug. 16
Yes, indeed, Shaq's love for the Cybertruck had him make a decision only a multimillionaire, former NBA player could do: buy another Cybertruck when he didn't want to ship it from one location to another. 
Musk also chimed in X on this, saying "Understandable." Could Shaq be poised to have a Cybertruck in every major U.S. city?
5. <a href="https://www.benzinga.com/news/24/09/40971831/putin-ally-who-unveiled-tesla-cybertruck-with-machine-gun-last-month-now-says-elon-musk-remotely-dis">Putin Ally Who Unveiled Tesla Cybertruck with Machine Gun Last Month Now Says Elon Musk ‘Remotely Disabled' the Militarized EV</a>, by Bibhu Pattnaik, published Sept. 22
On the flip side of customization, Chechen warlord&nbsp;Ramzan Kadyrov&nbsp;accused Musk of remotely disabling his Cybertruck.&nbsp;
Why, you may ask? This Vladimir Putin ally (and colonel general in the Russian army) Kadyrov decided to mount a machine gun on the Cybertruck, hinting that it would be used in the war against Ukraine.
Kadyrov also stated in a <a href="https://t.me/RKadyrov_95/5103">Telegram</a> post the vehicle was a gift from Musk, saying "Elon Musk behaved badly. He gives expensive gifts from the heart, and then turns them off remotely." 
Musk <a href="https://www.benzinga.com/news/24/08/40434114/elon-musk-denies-donating-tesla-cybertruck-to-ramzan-kadyrov-after-russian-general-showed-off-truck">strongly denied he gifted </a>the vehicle to Kadyrov.&nbsp;
There is one practical theory on why the car could have become disabled — a lack of charging stations on the battlefield, something pointed out by <a href="https://www.benzinga.com/news/24/08/40504595/military-expert-calls-russian-president-allys-tesla-cybertruck-super-cool-but-useless-combat-vehicle">one international relations expert</a>.
<h1 class="wp-block-heading">And just in case you were wondering….</h1>
6. <a href="https://www.benzinga.com/news/24/08/40131648/anthony-scaramucci-says-trump-could-drop-his-presidential-bid-against-kamala-harris-if-this-happens">&#8220;Anthony Scaramucci Says Trump Could Drop His Presidential Bid Against Kamala Harris If This Happens: ‘I Know How This Man Thinks,&#8220;</a> by Shanthi Rexaline, published Aug. 2 7. &#8220;<a href="https://www.benzinga.com/general/entertainment/24/09/40971563/nba-legend-shaq-once-found-a-wallet-in-beverly-hills-usually-when-i-find-wallets-i-just-tak'">NBA Legend Shaq Once Found A Wallet In Beverly Hills: &#8216;Usually When I Find Wallets I Just Take All The Money Out&#8217; — But This One Was David Beckham's, So Here's What He Did</a>,&#8221; by Chris Katje, Sept. 22
8. &#8220;<a href="https://www.benzinga.com/news/24/09/40935722/spacex-ceo-elon-musk-says-anyone-can-go-to-mars-with-spacex-but-journey-would-be-like-a-long-sea-voy">SpaceX CEO Elon Musk Says Anyone Can Go To Mars With SpaceX But Journey Would Be Like A &#8216;Long Sea Voyage In Centuries Past,&#8221;</a> by Anan Ashraf, published Sept. 19
9. &#8220;<a href="https://www.benzinga.com/news/24/10/41196932/legendary-apple-co-founder-steve-jobs-once-said-being-the-richest-man-in-the-cemetery-doesnt-matter">Legendary Apple Co-Founder Steve Jobs Once Said, &#8216;Being The Richest Man In The Cemetery Doesn&#8217;t Matter To Me:&#8217; Maybe That&#8217;s Why His Impact Transcends Financial Success For iPhone-Maker And Beyond,</a>&#8221; by Ananya Gairola, published Oct. 5
10. &#8220;<a href="https://www.benzinga.com/news/24/09/40673148/t-mobile-customers-will-get-starlink-satellite-internet-directly-on-their-mobiles-first-and-others-o">T-Mobile Customers Will Get Starlink Satellite Internet Directly On Their Mobiles First And Others Only Later, Says SpaceX CEO Elon Musk</a>,&#8221; by Anan Ashraf, published Sept. 2
These articles were originally published in 2024 by the news department. Some were written with the help of artificial intelligence. 
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42724952/2025-outlook-bitcoin-to-150000-ethereum-to-5500-dogecoin-hits-1-galaxy-research-predicts"> •&nbsp;2025 Outlook: Bitcoin To $150,000, Ethereum To $5,500, Dogecoin Hits $1, Galaxy Research Predicts</a>
The page views used to determine the top 5 articles were compiled on the morning of Dec. 27, 2024.
Photo: Elon Musk, courtesy Shutterstock, Cybertruck courtesy: Tesla

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

Entertainment

TSLA

Benzinga's Top 5 Stories In 2024: The Year Of The Cybertruck

The Conference of the Parties (COP) 29 summit brought global leaders to Baku, Azerbaijan, for an 11-day session to address climate change, carbon market mechanisms and <a href="https://www.benzinga.com/topic/green-energy">climate finance</a>.
Hosted in a country heavily reliant on fossil fuels, the event is a mix of urgency and controversy, particularly after BBC<a href="https://www.bbc.com/news/articles/crmzvdn9e18o"> reported</a> local representatives engaging in oil and gas deals.
Still, the primary focus of its first days is establishing the rules for a global carbon market — a move aimed at helping countries meet emissions targets by trading carbon credits.
This mechanism, intended to fund projects that reduce emissions globally, allows wealthy countries to purchase credits from those with lower emissions, thus offsetting their carbon output.
The stakes are high at COP29, particularly with pressing issues such as funding for climate-vulnerable countries and updating climate targets. The attendees will discuss the succession of the annual $100 billion pledged by developing nations, as the sum may need to be raised significantly to account for the <a href="https://www.benzinga.com/markets/esg/24/10/41621596/net-zero-by-2050-might-cost-the-world-78-trillion-wood-mackenzie-estimates">increasing impact of climate change</a>. This finance component is critical for maintaining trust between rich and poor nations, especially as commitments still need to be met.
"I'm as frustrated as anyone that one single COP can't deliver the full transformation that every nation needs… [but] it is here that parties need to agree a way out of this mess. That's why here in Baku, we must agree on a new global climate finance goal,"<a href="https://unsdg.un.org/latest/stories/ambitious-new-climate-finance-goal-entirely-self-interest-every-single-nation-un"> said</a> the U.N. climate chief Simon Stiell.
The upcoming inauguration of U.S. President-elect Donald Trump in January 2025 gives participants a dose of doubt. During his previous term, Trump withdrew the U.S. from the Paris Agreement and rolled back numerous environmental regulations.
Analysts anticipate a similar approach, potentially hindering U.S. contributions to global climate finance. Trump's return could <a href="https://www.benzinga.com/news/24/11/41883635/trump-looks-to-undo-biden-climate-progress-with-burgum-as-energy-czar-report">exacerbate tensions</a>, mainly as he has been vocal about downplaying climate initiatives.
Still, greenlighting the carbon credit quality standards on the first day provides an opportunity for a U.N.-backed global carbon market that would fund critical projects.
Juan Carlos Arredondo Brun, a former climate negotiator for Mexico and now a director at a carbon market data company Abatable, noted this development &#8220;will bring us closer to operationalizing the carbon market before any single party may decide to move away from the Paris Agreement,"<a href="https://www.reuters.com/markets/commodities/cop29-countries-endorse-global-carbon-market-framework-2024-11-11/"> per</a> Reuter's report.
The carbon market, increasingly popular among corporations seeking to offset their emissions, has some of the largest buyers in the energy and automotive sectors. Shell (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHEL#NYSE">SHEL</a>), Volkswagen (OTCPK: VWAGY), and Takeda (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAK#NYSE">TAK</a>) were the top three companies retiring carbon credits in 2023.
Shell led with 16 million credits, primarily from forestry projects, while Volkswagen retired eight million credits linked to renewable energy and reforestation. Pharmaceutical giant Takeda contributed nearly three million credits to reduce non-CO2 greenhouse gases.
A standardized carbon market could be a lifeline for U.S. companies committed to carbon-emission goals. Notable examples include Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>), which is delaying the launch of a next-generation all-electric pickup truck and has <a href="https://www.benzinga.com/top-stories/24/08/40496864/ford-scraps-electric-suv-as-it-adjusts-to-lower-electric-vehicle-demand">scrapped the development</a> of a new three-row electric SUV. Yet, the management has confirmed it will seek to comply with emissions targets, including purchasing carbon credits as needed.
The COP29 conference will run until Nov. 22. Setting a new annual budget could significantly impact clean energy investments. Investors should watch iShares Global Clean Energy ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICLN#NASDAQ">ICLN</a>) and sub-sector ETFs like the Invesco Solar ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAN#NYSE">TAN</a>) and First Trust Global Wind Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FAN#NYSE">FAN</a>).
Read Next:
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Photo: Shutterstock

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SHEL

VWAGY

Urgency, Debate Mark COP29 As Leaders Push For Carbon Market Rules, Worry About Trump

Enphase Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) introduced a new DIY permit plan <a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/g41876565/enphase-energy-unveils-ai-powered-diy-permitting-feature-for-solargraf-slashing-solar-permit-plan-" rel="noreferrer noopener">feature on its Solargraf platform</a>.
This feature automates the complex permitting process for solar and battery installations using AI and machine learning, reducing permit preparation time by up to 95% for U.S. installers.
The new DIY permit plan feature makes Solargraf a complete end-to-end platform for solar and battery system design, proposals, and permitting. This tool helps installers improve productivity and reduce costs by streamlining workflows and shortening cycle times.
Jayant Somani, senior vice president of the digital business unit at Enphase Energy, said, &#8220;With more than 300 permit plans already generated across more than 50 AHJs, the new DIY permitting feature is proven to streamline the solar permitting process and empower installers to operate more efficiently, delivering exceptional service to homeowners.&#8221;
Ryan Hurlock, co-founder of Magic Sun Solar, added, &#8220;We can now use a single software application to manage the full life cycle of the job beginning with the proposal creation through the system design phase. We are excited to start using this new feature to trim our workflow and give our customers an even more seamless experience, which is unique in the market.&#8221;
Last month, &nbsp;the company reported worse-than-expected financial results for the third quarter, with revenue of&nbsp;$380.9 million missing the&nbsp;estimate of $391.979 million and EPS of 65 cents coming <a target="_blank" href="https://www.benzinga.com/news/earnings/24/10/41488921/enphase-energy-stock-is-diving-wednesday-whats-going-on" rel="noreferrer noopener">below the estimate of 77 cents</a>.
Also as per a regulatory <a target="_blank" href="https://www.sec.gov/ix?doc=/Archives/edgar/data/1463101/000146310124000145/enph-20241107.htm" rel="noreferrer noopener">filing </a>last week, Enphase Energy notified its employees of a restructuring plan on November&nbsp;7, that it will reduce headcount and move certain functions to cost-efficient regions, affecting approximately 17% of its global workforce &#8211; approximately 500 employees and contractors.
In addition, the company will streamline its operations by focusing on contract manufacturing in four existing locations: two in the U.S., one in India, and one in China. It will also cease its contract manufacturing operations in Guadalajara, Mexico.
The company estimates that it will incur approximately $17 million to $20 million in restructuring and asset impairment charges, of which approximately $14 million are expected to be incurred in the fourth quarter of 2024 and approximately $11 million to $12 million will be total cash expenditures.&nbsp;
Investors can gain exposure to the stock via&nbsp;Invesco Solar ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAN#NYSE">TAN</a>) and First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCLN#NASDAQ">QCLN</a>).
Price Action: ENPH shares are down 4.56% at $63.85 at the last check Monday.
Photo via Shutterstock
Read Next:
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41856843/solaredge-is-a-show-me-story-after-disappointing-q3-analyst" target="_blank" rel="noreferrer noopener">SolarEdge Is A &#8216;Show-Me Story&#8217; After Disappointing Q3: Analyst</a></li>
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QCLN

Enphase Unveils AI-Powered DIY Solar Permits: Details

With Donald Trump now president-elect and Republicans likely to control Congress, clean energy stocks <a href="https://www.benzinga.com/topic/esg">are taking a beating</a>.
The Invesco Solar ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAN#NYSE">TAN</a>) dropped over 9% last week, dragging it to levels last seen in July 2020. From its January 2021 peak, the TAN ETF is now down more than 70%. 
Renewables have also been rattled. The Invesco Global Clean Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBD#NYSE">PBD</a>) slid over 5% to hit lows not seen since April 2020.
Sunnova Energy International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOVA#NYSE">NOVA</a>)&nbsp;saw its stock plummet by 45% last week, marking its worst week since its IPO in July 2019. Similarly, SolarEdge Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>)&nbsp;dropped 23%, reaching all-time lows.
First Solar Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>) has fallen to a valuation of just 10 times forward earnings—its cheapest in over four years.
Is this a buying opportunity at depressed valuations, or is the worst yet to come?
<h3 class="wp-block-heading">Trump's Anti-Green Policy Stance</h3>
"We expect rhetoric regarding environmental policy and the sustainability of the [Inflation Reduction Act] to be elevated, which could likely lead to continued volatility in stocks in the Green Capex supply chain, particularly pure-play solar/wind stocks," Goldman Sachs analyst Brian Singer explained in a note Friday.
Expect the incoming Trump administration to prioritize easing tailpipe emission regulations and increase resource development on federal land. 
One of the biggest questions for investors is the future of the Inflation Reduction Act (IRA), which has provided significant tax incentives for solar, wind, and other renewable energy projects. 
While Trump and the GOP have expressed skepticism about green subsidies, Goldman Sachs analysts still indicated the IRA could survive in some form due to its broad economic impact.
Goldman Sachs' Singer highlighted that &#8220;the job creation, reshoring, and/or environmental benefits of IRA tax incentives could limit policymakers&#8217; interest in making material incentive revisions.&#8221; Despite Republican opposition, the IRA's solar and wind tax credits have been economically beneficial across various regions, creating a sticking point for politicians wary of hurting local economies.
Potential scenarios for the IRA under Trump include:
<ol>
<li>Full Repeal: This would be the most drastic outcome, likely causing significant disruption in the green energy sector.</li>
<li>Reversion to Pre-IRA Incentives: In this scenario, incentives would roll back to pre-IRA levels, which could still allow some projects to proceed, albeit at a higher cost.</li>
<li>Early Termination: A more moderate approach, setting an earlier end date for current incentives.</li>
</ol>
<h3 class="wp-block-heading">Green Energy vs. Energy Alternatives: A Cost Battle</h3>
Goldman Sachs&#8217; analysis suggests that even without IRA support, solar and wind power could remain cost-competitive with natural gas, though with a slight &#8220;Green Premium.&#8221; 
This means the green sector may stay resilient, but some renewable firms could see a dip in earnings as they adjust to potential shifts in federal support.
<h3 class="wp-block-heading">A Bright Spot: Big Tech And Rising Power Demand</h3>
Global data center power demand is expected to skyrocket by 165% by 2030. 
Tech giants like Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) and Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) have expressed support for low-carbon energy solutions, a trend that may buffer the renewable sector against policy headwinds.
Goldman's utilities team projects a 2.4% CAGR in U.S. power demand through 2030, the highest growth rate since the 1990s.
Despite potential policy turbulence, there's a shift underway in the world of ESG investing. &#8220;We have observed a back-to-basics move in the direction of pragmatism,&#8221; says Goldman Sachs, noting that investors are increasingly focused on "materiality-driven links to fundamentals and performance." 
This approach could make sustainable investing less vulnerable to political shifts. Asset managers may seek clearer connections between ESG factors and financial returns.
<h3 class="wp-block-heading">Should You Buy the Dip in Solar Stocks?</h3>
For investors, the question is whether solar stocks are oversold or if more pain lies ahead.
Companies like First Solar are trading at four-year low valuations and almost single-digit price-to-earnings. Some traders might see an opportunity for long-term gains.
The decision boils down to one's risk tolerance and belief in the resilience of the green energy theme.
Buy now, and you might secure a piece of a sector that's critical to the future. Wait, and you may miss out on a potential recovery rally—assuming Trump's policies don't squeeze renewables into oblivion.
Yet, one thing seems assured: The path forward for this sector will likely be volatile under the new administration. 
Now Read:
<ul>
<li><a href="https://www.benzinga.com/government/24/07/39692871/trumps-deregulation-agenda-oil-gas-defense-and-finance-stocks-may-benefit-from-loose-rules-goldman-s">Trump&#8217;s Deregulation Agenda: Oil &amp; Gas, Defense, And Finance Stocks May Benefit From Loose Rules, Goldman Sachs Says</a></li>
</ul>
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