Solar support slipping
The US Inflation Reduction Act (IRA) is on the way out as President Donald Trump embarks on a significant rollback of cleantech industrial policy. Just how far and how fast are open questions but tax credits for solar are under threat, as Jesse Pichel, of Roth Capital Partners, reports.
The Invesco Solar exchange-traded fund decreased by 5.8% in March, the same as the S&P 500, while the Dow Jones Industrial Average fell 4.2%.The three best-performing solar stocks in the United States for the month of March were Shoals Technologies Group Inc. (up 9.6%), Enphase Energy Inc. (up 8.2%), and Clearway Energy Inc. (up 8%). …
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