After plummeting 28.3% in 2024, Lucid (LCID -1.50%) investors were very much looking forward to ringing in 2025, hoping that the luxury electric vehicle (EV) maker would recover from the previous year's decline.But those hopes were dashed through the first half of 2025. According to data provided by S&P Global Market Intelligence, shares of Lucid dropped 30.1% through the first six months of 2025. Several potholes sabotaged Lucid stock's drive through the first half of the yearWhile Lucid reported strong fo ...

Tax credits for electric vehicles are about to end, and carmakers are trying to spur sales with rock-bottom prices.🔗: https://t.co/cbihmAPTxk https://t.co/DemtJ40ONh ...

One shareholder got greedy, and all Bloom shareholders are suffering for it today.Well that was quick! Just 24 hours after J.P. Morgan upgraded hydrogen fuel cell company Bloom Energy (BE -8.57%) stock on Wednesday, sending Bloom stock soaring 18% in a day, Bloom stock is turning tail and tumbling back down again.Bloom stock fell 9% through 12:30 p.m. ET. Bloom's ups and downsJ.P. Morgan nearly doubled its target price yesterday, advising investors to buy Bloom stock on the theory that Congressional "48E ta ...

First Solar, Inc. (NASDAQ: FSLR ) recently experienced a whipsaw driven by shifting policy decisions on IRA tax credits. The stock initially rallied more than 50% from the April lows and then dropped 25% and subsequentlyI'm specialized in fundamental equity research, global macro strategy, and top-down portfolio construction. I graduated from UCLA with a degree of Business Economics and UMich Ross School of Business with a Master of Accounting. I'm a senior analyst at a multi-strategy hedge fund. In my opin ...

Welcome back. As we mentioned, Republicans are gearing up to run on the so-called one big beautiful bill in the 2026 midterm elections. But there are a couple of incumbent Republicans and key battleground seats who already know they won't have to worry about making their case to voters.During the height of the debate over the bill, North Carolina Senator Tom Tillis announced that he will not be seeking another term. He ultimately voted against the package. And now, Nebraska Republican Don Bacon also says he ...

Core Insights - The One Big Beautiful Bill (OBBB) Act has been enacted, introducing new rules that may weaken the U.S. clean energy sector, particularly solar power, by eliminating several incentives [1][2] - Despite the negative impact on solar companies, the Senate version of the bill has softened some provisions, suggesting that the industry may not face as dire a situation as previously feared [2][3] Summary of Key Provisions - The OBBB Act cancels the 30% tax credit for residential solar systems, which will expire on December 31 of this year, significantly ahead of schedule [4] - Utility and commercial projects will see a phase-out of the 30% tax credit after 2027, with projects started after 2029 losing the credit entirely, although projects initiated within 12 months of the bill's passage are exempt [4] - The act has removed an excise tax on imported solar modules and eased timelines for commercial projects, which may provide some relief to the solar sector [3] Company-Specific Insights - **NextEra Energy**: - One of the largest diversified clean energy companies in the U.S., with 33,000 megawatts of operating energy in 2023 [5] - The stock trades at a P/E ratio of 27.5, slightly below its 10-year average, with projected EPS growth of 26% in 2024 and 7.2% in 2025 [6][7] - **First Solar**: - Focuses on domestic manufacturing of solar modules, which may provide a competitive edge under the new regulations [9] - The Royal Bank of Canada has increased its price target for First Solar from $188 to $200, with an average analyst price target of $228.69, indicating significant upside potential [10] - **Nextracker**: - Sold nearly $3 billion worth of solar trackers in the last year, primarily used in large utility-scale projects, which may shield it from the impacts of tax credit phase-outs [11] - The stock trades at a P/E ratio of 19, with a net profit margin of 17.21% and a quarterly revenue increase of 15% year-over-year [12]

On this episode of Market Sense, our Fidelity thought leaders will discuss the passage of the tax and spending bill and ongoing tariff negotiations. Plus, the latest happening in the markets as we kick off the second half of 2025. Topics covered: • Big Beautiful Bill • Tariffs • Tax cuts • TCJA • SALT • Social Security • Child tax credit • National Debt 00:00 Market Sense Introduction 01:42 Tariff uncertainty 05:13 What’s in the Tax & Spending Law? 06:41 Potential impact on the economy? 08:43 Individual Tax ...

RT Danielle Chemtob (@daniellechemtob)One lesser-known provision of the Big Beautiful Bill: an expansion of a barely-used tax credit for companies to provide child care for employees. It comes as more employers are playing a role in addressing the child care crisis facing working parents.https://t.co/bzGxYs9K7C ...

Core Viewpoint - JPMorgan analyst Mark Strouse upgraded Bloom Energy Corp to Overweight from Neutral, raising the price forecast from $18 to $33 due to the unexpected eligibility of fuel cells for 48E tax credits under the finalized OBBB legislation, which could enhance revenue and margin expectations starting in fiscal year 2026 [1] Group 1: Revenue and Margin Expectations - The eligibility for 48E tax credits is expected to lead to increased revenue and margin expectations, surpassing the 19% year-over-year increase implied in the midpoint of FY25 guidance [1] - Improved factory utilization and stronger pricing power with data center clients, along with higher volumes from cost-sensitive customers, could further enhance product margins [2][3] Group 2: Financial Projections - Strouse projects FY26 pro forma EBITDA of $420 million on $2.21 billion in revenue, compared to $275 million on $2.04 billion this year, with Street estimates at $319 million and $2.09 billion respectively [4] Group 3: Market Sentiment and Risks - Bloom Energy's second-quarter commentary is viewed as more positive than peers following the finalization of the OBBB, although uncertainty remains around safe harbor provisions from the July 7 Executive Order, which may affect investor sentiment in solar and wind [4] - Potential risks include the absence of a permanent CFO, which could shift priorities towards growth over profitability, and the possibility of customers deferring FY25 orders to take advantage of the 48E credits starting in January 2026 [5]

Group 1 - Bloom Energy stock has seen a significant increase, with a 15.5% rise on the day and a potential target price of $33 set by J.P. Morgan, indicating an additional 18% upside over the next 12 months [1][3] - J.P. Morgan's optimism is driven by the maintenance of 48E tax credits in the recent legislation, which is expected to enhance profit margins and stimulate fuel cell system deployments, thereby increasing revenue for Bloom Energy [3][4] - The anticipated financial benefits from the tax credits are expected to start reflecting in Bloom's results by fiscal year 2026, with potential guidance improvements as early as the upcoming Q2 earnings report on July 31 [4] Group 2 - Despite the positive outlook, Bloom Energy's stock is considered expensive, trading at a P/E ratio exceeding 1,000, even though the company achieved profitability in Q4 of the previous year [5] - The company generated positive free cash flow of approximately $77 million over the last 12 months, resulting in a high price-to-free cash flow ratio of 73, which raises concerns about the stock's valuation even with projected profit growth of 25% annually [6]