Clean energy has been caught in the crosshairs of the GOP’s proposal. Analysts from Barclays have warned that solar panel manufacturers and installers would be negatively impacted if the Inflation Reduction Act (IRA) subsidies are repealed. This would result in a reduction in US utility-scale solar demand. The GOP’s proposed rollback of subsidies contained in IRA would have a direct material impact on the solar sector, including FSLR, ARRY, NXT, ENPH, SEDG, NOVA, RUN, and SPWR. Although the risk of a U.S. debt default appears low, the impact on clean energy could be significant.
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