Solar stocks slump on report Senator Machin opposes new climate change spending

Sunworks

15/07/2022 15:14

** Shares of solar energy companies slump between 4.3% and
16.6%; among top pct losers across U.S. exchanges
    ** Democratic Senator Joe Machin, a key swing vote, told
Senate Majority Leader Chuck Schumer he will not support a
Democratic proposal for new climate change spending, WaPo
reported  urn:newsml:reuters.com:*:nL1N2YW04Y
    ** Sunnova Energy International  NOVA.N , Maxeon Solar
Technologies  MAXN.O , First Solar  FSLR.O , Array Technologies
 ARRY.O  and Sunrun  RUN.O  plummet 12.2%-16.6%
    ** SunPower  SPWR.O , Shoals Technologies  SHLS.O , Enphase
Energy  ENPH.O , FTC Solar  FTCI.O , and Daqo Energy  DQ.N  lose
8.6%-11.9%
    ** JinkoSolar  JKS.N , Canadian Solar  CSIQ.O , SolarEdge
Technologies  SEDG.O , ReneSola  SOL.N  and NextEra Energy
 NEE.N  fall 4.3%-8.2%
    ** Invesco Solar ETF  TAN.P  drops 6.5%
    ** Other alt-energy companies Bloom Energy  BE.N , Fluence
Energy  FLNC.N  and Plug Power  PLUG.O  also among top U.S. pct.
losers after dipping 9.5%-13.4%

 (Reporting by Ruhi Soni in Bengaluru)
 ((Ruhi.Soni@thomsonreuters.com
Twitter: https://twitter.com/ruhithere))