Newssos
Solar shares fell after Senator Joe Manchin said he would not support the Budget Reconciliation Bill, removing a key legislative catalyst for the sector, according to Benzinga.
The sector now ranks 159th out of 248 and is expected to underperform the broader market over the next three to six months.
Policy Withdrawal Hits Sector Sentiment The Manchin development lands at an already difficult moment for solar investors.
Despite advances in efficiency and sustained government promotion, solar stocks broadly lagged the S&P 500 throughout the decade-long bull market, Benzinga noted.
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