Renewables rallied Tuesday after Senate Republicans cut a controversial tax from the “One Big Beautiful Bill” that would’ve hit wind and solar projects using components from China. (CNBC)
First Solar, Nextracker, Sunrun, and Array all posted 5-12% gains. The proposed excise tax, which industry groups said could’ve added $7B to developers’ costs, was pulled at the last minute after backlash. ACP and SEIA called it a partial win in an otherwise damaging package.