US solar stocks jump on 'milder' subsidy rules

Sunpower

18/08/2025 14:55

Updates

** Shares of some solar companies rise after U.S. Treasury on Friday unveiled new federal tax subsidy rules for solar and wind projects

** SunRun RUN.O surges ~11%, seen as "biggest beneficiary" by Jefferies; First Solar FSLR.O jumps 6.9% to $213.46

** Enphase ENPH.O gains 4.4% and Complete Solaria SPWR.O up 5.4%

** Shares of Shoals Technologies SHLS.O up 6.6%, Array Technologies ARRY.O up ~8% and Nextracker NXT.O rises 8.3%

** Changes were "milder than what many in the wind and solar industries had feared" - Raymond James

** Jefferies says rules extend the runway on tax credits for most wind/solar developers through 2030

** Expects "very real relief rally" for solar equities after regulatory clarity

(Reporting by Vallari Srivastava in Bengaluru)

((Srivastava.Vallari@thomsonreuters.com;))