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89 days

Solar stocks plunge as Republican tax bill worse than feared for clean energy

1. House Republicans passed a tax bill ending key clean energy credits. 2. Array's stock fell 14% due to fears over reduced demand. 3. Credit terminations impact utility-scale solar project expansions significantly. 4. Analysts believe Senate may modify the legislation favorably. 5. First Solar remains relatively unscathed due to maintained manufacturing credits.

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FAQ

Why Bearish?

The termination of clean energy credits could diminish demand for Array's technology, historically seen in similar regulatory situations.

How important is it?

The article discusses policy changes directly impacting the solar industry and Array's stock performance.

Why Short Term?

Immediate market reactions typically cause short-term volatility; however, potential Senate modifications may change outlook.

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