HAWTHORNE, CALIFORNIA - MAY 2: Tesla cars are seen parked and charging at a Tesla Supercharger on ... More May 2, 2025 in Hawthorne, California. (Photo by Jay L Clendenin/Getty Images)Getty Images What became of Tesla’s (NASDAQ:TSLA) original mission - to catalyze the world's transition to sustainable energy and reinvent transportation from the ground up? What once sounded like a pipe dream became a bold, stepwise strategy: start with a sports car, use that money to build affordable EVs, and power it all wi ...

Core Viewpoint - The recent passage of a tax and spending bill by the Republican-controlled House has led to a significant decline in solar stocks, particularly affecting residential rooftop solar providers like Sunrun, which saw a 40% drop in share price [1][5]. Group 1: Impact on Solar Stocks - Solar stocks, including Sunrun, NextEra Energy, and AES Corp., experienced sharp declines, with Sunrun down 40%, NextEra down 9.1%, and AES down 5.2% [1]. - The bill phases out most clean-energy tax credits for utility projects that begin more than 60 days after passage or are placed into service after 2028, which is more restrictive than previously anticipated [2][3]. Group 2: Specific Effects on Rooftop Solar - The bill has rolled back tax credits for leased rooftop solar systems, which could devastate the residential solar industry, as most installations are leased [4][5]. - Analysts have described the bill's impact on the rooftop solar industry as "disastrous," with one stating it could mark "the end" of the U.S. rooftop solar industry as it currently exists [5]. Group 3: Supply Chain Concerns - Sunrun imports about 50% of its solar panels, and the new tariffs and restrictions on foreign components could exacerbate challenges for the company, particularly given its reliance on Chinese supply chains [6]. Group 4: Legislative Status - The bill has only passed the House and will now move to the Senate, where there are reservations about the current provisions, indicating potential for further negotiations [8]. - Investors are advised to monitor developments in the Senate, as there is hope for reintroduction of some credits in the reconciled version of the bill [9].

Acquisition broadens ConnectM’s service offerings into India’s high-growth distributed energy and telecom sectors, advancing the Company’s global expansion strategyMARLBOROUGH, Mass., May 15, 2025 (GLOBE NEWSWIRE) -- ConnectM Technology Solutions, Inc. (OTC: CNTM) (“ConnectM” or the “Company”), a high-growth technology company on the leading edge of the energy economy, today announced it has secured regulatory approval and completed the acquisition of Cambridge Energy Resources Ltd. (CER), an India-based En ...