Utilities Gain as Renewable Energy Fears Fade - Utilities Roundup

Shares of power producers rose as fears about the implications of the tax-and-spending bill for renewable energy subsided.

Solar-power firms such as Sunrun and First Solar surged Friday after the U.S. Congress passed a tax-and-spending bill shortly after legislators stripped it of a last-minute excise tax on renewable-energy projects.

First Solar is now more or less flat for the year to date, having been roughly 30% in the red as recently as May.

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(END) Dow Jones Newswires

07-03-25 1727ET