6 July 2025 | 10:10PM EDT Americas Clean Energy Brian Lee, CFA +1(917)343-3110 | brian.k.lee@gs.com Goldman Sachs & Co. LLC Carly Davenport +1(212)357-1914 | carly.davenport@gs.com Goldman Sachs & Co. LLC Nick Cash +1(212)357-6372 | nick.cash@gs.com Goldman Sachs & Co. LLC Tyler Bisset, CFA +1(212)357-5510 | tyler.bisset@gs.com Goldman Sachs & Co. LLC House passes tax bill maintaining Senate provisions for clean energy On July 3, the House voted to pass the Senate's amended budget bill, which was signed int ...

Group 1 - CSLM Acquisition Corp. (SPWR) stock decreased by 5.42% to $1.92, underperforming the S&P 500 which fell by 0.07% [1] - Over the last month, SPWR shares increased by 5.18%, outperforming the Oils-Energy sector's gain of 3.17% and the S&P 500's gain of 3.94% [1] - The upcoming earnings release is highly anticipated by investors [1] Group 2 - Zacks Consensus Estimates project SPWR's earnings at $0.08 per share and revenue at $341 million, indicating year-over-year changes of 0% for earnings and +213.59% for revenue [2] - Recent changes to analyst estimates for CSLM Acquisition Corp. reflect evolving short-term business trends, with positive revisions indicating analysts' confidence in performance [3] Group 3 - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), shows that 1 stocks have returned an average of +25% annually since 1988 [5] - Currently, CSLM Acquisition Corp. holds a Zacks Rank of 3 (Hold), with the Zacks Consensus EPS estimate remaining stagnant over the past month [5] Group 4 - CSLM Acquisition Corp. has a Forward P/E ratio of 25.38, which is a premium compared to the industry average Forward P/E of 17.43 [6] - The Solar industry, part of the Oils-Energy sector, holds a Zacks Industry Rank of 36, placing it in the top 15% of over 250 industries [6]

Sunrun (RUN) closed the most recent trading day at $9.84, moving -11.43% from the previous trading session. The stock's change was less than the S&P 500's daily loss of 0.07%. Meanwhile, the Dow lost 0.37%, and the Nasdaq, a tech-heavy index, added 0.03%. The solar energy products distributor's shares have seen an increase of 34.34% over the last month, surpassing the Oils-Energy sector's gain of 3.17% and the S&P 500's gain of 3.94%.The investment community will be closely monitoring the performance of Sun ...

Company Performance - Nextracker (NXT) closed at $63.94, reflecting a -3.78% change from the previous day, underperforming the S&P 500's daily loss of 0.07% [1] - The stock has increased by 12.59% over the past month, outperforming the Oils-Energy sector's gain of 3.17% and the S&P 500's gain of 3.94% [1] Upcoming Earnings - Nextracker's projected earnings per share (EPS) for the upcoming earnings disclosure is $1.03, indicating a 10.75% increase from the same quarter last year [2] - The Zacks Consensus Estimate for revenue is $867.15 million, representing a 20.45% increase from the year-ago period [2] Annual Forecast - For the entire year, the Zacks Consensus Estimates forecast earnings of $3.87 per share and revenue of $3.33 billion, showing changes of -8.29% and +12.56%, respectively, compared to the previous year [3] Analyst Estimates - Recent changes to analyst estimates for Nextracker reflect evolving short-term business trends, with upward revisions indicating analysts' positivity towards the company's operations [4] Zacks Rank and Valuation - Nextracker currently holds a Zacks Rank of 3 (Hold), with the Zacks Consensus EPS estimate moving 0.07% higher over the last 30 days [6] - The company has a Forward P/E ratio of 17.19, which is lower than the industry average of 17.43, indicating it is trading at a discount [7] - Nextracker's PEG ratio stands at 1.44, compared to the Solar industry's average PEG ratio of 0.65 [7] Industry Overview - The Solar industry is part of the Oils-Energy sector, which has a Zacks Industry Rank of 36, placing it in the top 15% of over 250 industries [8] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]

The Big, Beautiful Bill may have changed the game for solar in the U.S. -- at least temporarily. We will find out how Enphase is affected later this month.In this video, Motley Fool contributor Jason Hall breaks down what has happened with Enphase (ENPH -2.90%) over the past couple of years, the impact of the latest spending bill President Donald Trump just signed into law, and why investors should circle July 22 on their calendars.*Stock prices used were from the afternoon of July 2, 2025. The video was pu ...

Market Overview - U.S. stocks showed mixed performance with the Dow Jones index declining by 0.35% to 44,249.09, while the NASDAQ increased by 0.07% to 20,427.63 and the S&P 500 fell by 0.03% to 6,228.39 [1] - Energy shares experienced a notable increase of 2.1%, while utilities stocks decreased by 1.9% [1] Used Vehicle Market - The US Manheim Used Vehicle Value Index rose by 1.6% month-over-month for June, following a 1.4% decline in May [2][11] Commodity Market - Oil prices increased by 0.3% to $68.14, while gold prices decreased by 1.1% to $3,306.90. Silver fell by 0.8% to $36.625, and copper dropped by 0.5% to $5.0000 [5] European Market - European shares showed positive movement with the eurozone's STOXX 600 rising by 0.40%, Spain's IBEX 35 Index up by 0.10%, London's FTSE 100 gaining 0.46%, Germany's DAX 40 increasing by 0.68%, and France's CAC 40 rising by 0.46% [6] Asian Market - Asian markets closed higher, with Japan's Nikkei gaining 0.26%, Hong Kong's Hang Seng climbing 1.09%, China's Shanghai Composite increasing by 0.70%, and India's BSE Sensex rising by 0.32% [7] Company News - ENDRA Life Sciences Inc. saw its shares surge by 134% to $8.10 after announcing a US patent for a "Radio Frequency Applicator" [9] - ProKidney Corp. shares surged by 218% to $1.95 following positive topline results from its Phase 2 REGEN-007 trial for chronic kidney disease and diabetes [9] - Humacyte, Inc. shares increased by 20% to $2.5750 after receiving Electronic Catalog Listing approval from the US Defense Logistics Agency [9] - Blue Gold Limited shares dropped by 21% to $58.75 after announcing the formation of its inaugural Advisory Board for Blockchain Evolution [9] - Sunrun Inc. shares fell by 11% to $9.84 after President Trump signed an executive order to end clean-energy tax credits [9] - Apogee Therapeutics, Inc. shares decreased by 8% to $36.24 following the release of data from its Phase 2 APEX clinical trial for atopic dermatitis [9]

Core Insights - Perovskite solar cells are emerging as a viable alternative to traditional silicon panels, offering higher efficiency and lower production costs [1] - First Solar Inc. (FSLR) is actively investing in perovskite technology to enhance its thin-film solar panel offerings [1][10] Company Developments - In 2023, FSLR acquired Swedish perovskite specialist Evolar AB to advance the development and commercialization of high-efficiency thin-film PV technology [2] - FSLR is establishing a perovskite development line at its Perrysburg, OH campus as part of a $370 million R&D initiative focused on next-generation solar technologies [3][10] - As of March 2025, FSLR is continuing its research into perovskite crystals to improve efficiency and stability for commercially scalable products [4] Industry Trends - Perovskite solar cells have seen efficiency improvements from 3% in 2009 to over 26% in 2024 for small-area devices, indicating significant advancements in the technology [5] - JinkoSolar (JKS) is also investing in perovskite technology, achieving a conversion efficiency of 33.84% in its N-type TOPCon-based perovskite tandem solar cell [7] - Canadian Solar (CSIQ) is enhancing its module efficiency through TOPCon technology and may explore perovskite solutions in the future [8] Market Performance - FSLR shares have increased by 36.6% over the past three months, outperforming the industry growth of 35.5% [9] - FSLR's shares are trading at a forward 12-month Price/Earnings ratio of 9.57X, below the industry average of 17.02X, indicating a relative discount [11]

Group 1: Market Impact - Solar stocks are declining following the White House's decision to eliminate clean energy subsidies, specifically the clean-electricity tax credits [1] - Sunrun Inc (NASDAQ:RUN) shares fell by 9.3% to $10.08, while First Solar Inc (NASDAQ:FSLR) shares decreased by 4.5% to $169.08 [1] Group 2: Company Performance - Sunrun stock received an upgrade from Keybanc to "sector weight" from "underweight," attributed to near-term tailwinds from market consolidation after competitor bankruptcies [2] - Year-to-date, Sunrun's equity has increased by 8.2% despite recent downturns [2] - First Solar experienced a bear gap in mid-June after the spending bill passed, leading to a rally until the recent drop, with a year-to-date decline of 3.2% [3]

For those looking to find strong Oils-Energy stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Array Technologies, Inc. (ARRY) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Oils-Energy sector should help us answer this question.Array Technologies, Inc. is one of 241 individual stocks in the Oils-Energy sector. Collectively, these companies sit at #15 in the Zacks Sector Rank. The Zacks ...

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use fundamental analysis and traditional val ...