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Scout Motors CEO: Don’t bet it all on consumer tax credits
Bloomberg Television· 2025-06-17 18:16
The consumer tax credits were always going away. So there's no way you could live off of that. I think they were going to be gone by 2032.The other thing I think of, it's naive to anchor everything you have on government policy so government policy can move. Make a great truck at a great price that people love and that'll put you in a good position. And that's what we've always wanted to do.In America, you always have to be concerned about labor. I think we all know uh 4% unemployment nationally in South Ca ...
Sunrun Receives Downgrade As Analyst Warns Business Model Relies On Inflated System Values For Tax Credits
Benzinga· 2025-06-17 17:57
Core Viewpoint - Sunrun's stock has been downgraded from Hold to Sell by GLJ Research analyst Gordon L. Johnson II, citing that the underlying equity is worthless unless the company can inflate the value of its solar systems to collect tax credits [1] Financial Performance - Sunrun is experiencing a significant annual cash burn of approximately $644.56 million, assuming each of its systems is underwater by about $600, and this is based on the current systems in service without growth [2] - The company's financial disclosure for Q1 2025 indicates it has over one million systems on its balance sheet [1] Tax Credit Implications - The U.S. Senate's tax-and-spend bill poses an existential threat to Sunrun and similar companies by removing their ability to sell tax credits to third parties, which is critical for their financial viability [4][5] - The unchanged 45 times credits for solar production is a minor positive for First Solar Inc [4] Operational Challenges - Sunrun's ability to securitize loans or Power Purchase Agreements (PPAs) has historically allowed it to cover operational and maintenance (O&M) costs, bringing in hundreds of millions annually [6] - Without the ability to securitize, Sunrun will struggle to service its systems, leading to a potential cash flow crisis [7] Market Reaction - Following the downgrade, Sunrun's stock price has dropped by 39.32%, trading at $5.85 [8]
X @Investopedia
Investopedia· 2025-06-17 16:30
Solar stocks are tumbling after the Senate maintained the full removal of clean-energy tax credits in the budget bill, even as it reportedly extended the time frame for the phaseout beyond the Republicans’ proposals. https://t.co/zt0NzZtvwK ...
Senate GOP tax plan revealed: Here's what you need to know
CNBC Television· 2025-06-17 15:27
And with that, let's get to Emily Wilkins in Washington with the latest, Emily, on the Senate version of the bill, what's in it, and how folks are reacting. Hey, Sarah. Well, at this point, the reaction hasn't been all positive.I mean, the Senate version of this multi- trillion tax bill, it just dropped yesterday and it is already in trouble with both House and Senate Republicans raising concerns about some of the provisions. Some like Senator Josh Holly, he's concerned with some of the cuts to Medicaid tha ...
Solar stocks sink as Senate tax bill proposes cuts to renewable energy incentives
CNBC Television· 2025-06-17 14:47
insurance plan, visit pumpkin Dot care. >> Let's give you more on the Solar Sox. Of course, we discussed the fact that they are down sharply this morning that in reaction to the Senate version of President Trump's big, beautiful bill and the spending cuts that go along with it, let's get over to Pippa Stevens, who has more for us.Pippa. >> Hey, David. Well, clean energy stocks are getting crushed as the Senate's version of the tax bill would also eliminate or scale back many of the key credits that have bee ...
Why Elon Musk opposes Trump's mega bill
CNBC· 2025-06-15 15:00
President Trump and Elon Musk falling into an intense feud over the president's major tax and spending bill. What was surprising about it was just the idea that it came so quickly, right. I mean, Elon Musk was in the Oval Office with the president a week before this blow up.He happens to be a really good person. I'm very disappointed because Elon knew the inner workings of this bill better than almost anybody sitting here. All of a sudden, he had a problem and he only developed the problem when he found out ...
Trump's Bill Would End EV Subsidies: Could That Bankrupt Lucid Group?
The Motley Fool· 2025-06-14 08:23
Lucid Group (LCID -2.55%) is growing its electric vehicle (EV) sales rapidly right now. In 2025, analysts expect its revenues to jump by 73%, and in 2026, they anticipate an even faster growth rate approaching 100%. There's just one problem: Included in Trump's "One Big Beautiful Bill" is a provision that would eliminate the federal tax credits for electric vehicles. That would effectively raise the prices of EVs by $4,000 to $7,500 -- a huge potential blow to demand. When you look at the numbers, things co ...
Aemetis CEO Meets with White House, Congress, and Agencies Regarding Support for Domestic Energy and Rural Communities in Budget Bill
Globenewswire· 2025-06-12 12:00
CUPERTINO, Calif., June 12, 2025 (GLOBE NEWSWIRE) -- Aemetis, Inc. (NASDAQ: AMTX), a renewable natural gas and renewable fuels company, announced today that its Chairman and CEO, Eric McAfee, has held meetings regarding support for domestic energy and rural communities in the federal tax bill with members of the Senate and House of Representatives, and with officials at the U.S. Department of Agriculture, Department of Energy, Treasury Department, and the White House National Economic Council. The meetings ...
CEO T.J. Rodgers on Solar ITC Loss
Globenewswire· 2025-06-09 12:18
“Free at last. Thank God Almighty we are free at last”OREM, Utah, June 09, 2025 (GLOBE NEWSWIRE) -- SunPower (aka Complete Solaria, Inc.) (“SunPower” or the “Company”) (Nasdaq: SPWR), a solar technology, services, and installation company – today T.J. Rodgers, Chairman and CEO, issued the following statement regarding pending legislation to cancel or wind down the 30% solar Investment Tax Credit (ITC). The soaring Martin Luther King quote is appropriate to describe the great opportunity now offered to the s ...
Top 2 Alternatives To Tesla After The Musk-Trump Breakup
Benzinga· 2025-06-06 17:20
Thursday’s dramatic fight between President Trump and Tesla CEO Elon Musk, his political ally and donor, sent Tesla stock down more than 14%.This is just the latest episode in a long string of bad news for Tesla TSLA.The stock, which was trading at around $300 per share on Friday, is down 25% for the year but has gained 11% over the past three months. Poor domestic and international sales, as epitomized by Tesla’s market share in car-mad Germany being down 36% year-to-year, concerns over robot taxi safety a ...