Wall St Engine
JPM says the updated House bill is a bigger negative than expected for clean energy. Ending transferability means companies like $FSLR may need to use “direct pay” to claim 45X credits, which delays monetization. While 45X stays intact, weaker demand could trim its full potential. Still, FSLR looks best positioned, with ~60% of its earnings over the next two years tied to 45X.
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JPM says the updated House bill is a bigger negative than expected for clean energy. Ending transferability means companies like $FSLR may need to use “direct pay” to claim 45X credits, which delays monetization. While 45X stays intact, weaker demand could trim its full potential. Still, FSLR looks best positioned, with ~60% of its earnings over the next two years tied to 45X.
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Wall St Engine
Immediate repeal of credit transferability is a big deal for solar industry. JPM notes about half of the ~$40B U.S. tax equity market relies on transfer/hybrid structures. This move could severely disrupt project financing pipelines and delay new deployments, at least in the near term.
Because of the compressed deadlines (60-day safe harbor and YE’28 PIS requirement), JPM expects a short-term spike in orders as developers scramble to qualify projects. This could temporarily benefit manufacturers and EPCs, though it may front-load demand at the cost of medium-term visibility.
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Immediate repeal of credit transferability is a big deal for solar industry. JPM notes about half of the ~$40B U.S. tax equity market relies on transfer/hybrid structures. This move could severely disrupt project financing pipelines and delay new deployments, at least in the near term.
Because of the compressed deadlines (60-day safe harbor and YE’28 PIS requirement), JPM expects a short-term spike in orders as developers scramble to qualify projects. This could temporarily benefit manufacturers and EPCs, though it may front-load demand at the cost of medium-term visibility.
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Wall St Engine
Trump: Great job by Speaker Johnson & the House Leadership & thank you to every Republican who voted YES on this Historic Bill! Now, it’s time for our friends in the United States Senate to get to work, and send this Bill to my desk AS SOON AS POSSIBLE! There is no time to waste. https://t.co/vOundnK1JO
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Trump: Great job by Speaker Johnson & the House Leadership & thank you to every Republican who voted YES on this Historic Bill! Now, it’s time for our friends in the United States Senate to get to work, and send this Bill to my desk AS SOON AS POSSIBLE! There is no time to waste. https://t.co/vOundnK1JO
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Wall St Engine
Affirm $AFRM is expanding its exclusive partnership with KAYAK into Canada, just in time for peak summer travel. Canadian users can now split the cost of flights, hotels, and rentals into monthly payments through Affirm on ca. KAYAK .com. No hidden fees, just flexible travel payments.
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Affirm $AFRM is expanding its exclusive partnership with KAYAK into Canada, just in time for peak summer travel. Canadian users can now split the cost of flights, hotels, and rentals into monthly payments through Affirm on ca. KAYAK .com. No hidden fees, just flexible travel payments.
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Wall St Engine
SOUTH KOREA’S FAIR TRADE COMMISSION is now investigating Coupang’s $CPNG WOW MEMBERSHIP for possible abuse of market dominance, per ChosunBiz. The probe focuses on bundling Rocket Delivery, OTT, and Eats under one subscription. The FTC is looking at whether this stifles competition.
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SOUTH KOREA’S FAIR TRADE COMMISSION is now investigating Coupang’s $CPNG WOW MEMBERSHIP for possible abuse of market dominance, per ChosunBiz. The probe focuses on bundling Rocket Delivery, OTT, and Eats under one subscription. The FTC is looking at whether this stifles competition.
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Wall St Engine
OPENAI, $NVDA, $ORCL, SOFTBANK & CISCO TEAM UP ON 'STARGATE UAE'
A 1GW AI compute cluster is coming to Abu Dhabi, led by OpenAI and Oracle with support from NVIDIA’s Grace Blackwell chips and Cisco. First 200MW goes live in 2026. Whole 5GW campus will run on nuclear, solar, and gas.
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OPENAI, $NVDA, $ORCL, SOFTBANK & CISCO TEAM UP ON 'STARGATE UAE'
A 1GW AI compute cluster is coming to Abu Dhabi, led by OpenAI and Oracle with support from NVIDIA’s Grace Blackwell chips and Cisco. First 200MW goes live in 2026. Whole 5GW campus will run on nuclear, solar, and gas.
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