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Rooftop Solar Takes Gut Punch in House Tax Bill - WSJ

1. New bill ends rooftop solar credits this year, hurting the industry. 2. Analysts warn the bill may shut down residential solar sector. 3. RUN stock plunged 40% following the House vote. 4. Higher interest rates worsen the financial outlook for solar firms. 5. Competitors like Sunnova face bankruptcy, indicating industry distress.

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FAQ

Why Very Bearish?

The elimination of tax credits is a critical blow, paralleling past legislation impacts.

How important is it?

The immediate threat to tax credits directly impacts RUN's revenue and viability.

Why Short Term?

Immediate financial repercussions expected as projects halt and investor confidence wanes.

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