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Clean energy actions fell on Monday as president Donald TrumpExpenditure legislation now includes a tax on wind and solar projects using Chinese components and suddenly stimulates key credits.
Actions of Nexttery energyThe largest renewable developer in the United States has dropped by 4%. Solar stocks Table technologies,, Peak And Nextercker were down between 1% and 9%.
The Senate votes on Monday on the changes in the legislation. The current project puts an end to the two most important tax credits for solar and wind projects placed in service after 2027.
“The Senate’s last bill will destroy millions of jobs in America and will cause immense strategic damages to our country”, ” Tesla CEO, Elon Musk, posted on X During the weekend. “Completely crazy and destructive. It gives documents to the industries of the past while seriously naming the industries of the future. ”
The previous versions of the bill were more flexible, allowing projects that started construction before 2027 to qualify for investment and electricity tax credits, according to Monday note from Goldman Sachs.
Timelines compressed
The change “compresses the deadlines for the project and adds a significant risk of execution,” clients told Bank of America on Monday. “Developers with large pipelines ’25 may find it difficult to comply with the new deadlines – which potentially or reduce planned investments.”
Senate legislation also strikes a tax on solar and wind projects that come into service after 2027 if they use components manufactured in China.
“The latest Senate project has become more restrictive for most renewable players, moving to the worst case for solar energy and wind, with some improvements for margin sub-sectors,” said Andrew Percoco, analyst of Morgan Stanley, to customers in a note on Sunday.
Admittedly, the solar industry on the roof is considered by Wall Street as a relative winner of the bill, with Sunrun Share more than 13% and Solar Exchanging more than 6% more on Monday. The legislation seems to allow tax credits for roof systems rented to remain in place until the end of 2027, which was not the case in the previous versions, according to Goldman Sachs.
And First solar is more than 9% because the legislation seems to allow the manufacturer to claim credits for components and end products, according to Bank of America.
