Invesco WilderHill Clean Energy ETF (ARCA: PBW)

에 대한 최신 뉴스 Invesco WilderHill Clean Energy ETF (ARCA:PBW)

Invesco WilderHill Clean Energy ETF

PowerShares WilderHill Clean Energy Portfolio

Technology

Industrials

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Other

Utilities

Energy

Consumer Defensive

The Fund generally will invest at least 90% of its total assets in securities that comprise the Underlying Index. Stocks are included in the Underlying Index based on the Index Providers evaluation that such companies will substantially benefit from a societal transition toward the use of cleaner energy, zero-CO2 renewables, and conservation.

Evgo Inc

Rivian Automotive

Sunrun Inc

SUNNOVA ENERGY INTERNATIONAL COMMON STOCK USD.001

Chargepoint Holdings Inc

Quantumscape Corp

Archer Aviation Inc-A

Solid Power Inc

Tesla Inc. [Tsla]

Joby Aviation Inc

Xpeng Inc.

Mp Materials Corp

Amprius Technologies Inc

Altus Power Inc

Nextracker Inc

Esco Technologies Inc

Solaredge Technologies Inc

Preformed Line Products Co

Darling Ingredients, Inc.

Monolithic Power Systems Inc

Renew Energy Global Plc

Quanta Svcs Inc Com

Brookfield Renewable Corp Ordinary Shares - Class A (Exchangeable Sub Votin

American Superconductor Corp

Shoals Technologies Group Inc Cl A

Itron Inc

Fluence Energy Inc

Ormat Technologies Inc

Eos Energy Enterprises Inc

Rex American Resources Corp

Navitas Semiconductor Corp

Opal Fuels Inc

Why It Matters

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Politics

Econ #s

Markets

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NOVA

PowerShares Exchange Traded Fund Trust WilderHill Clean Energy Portfolio

SEDG

백악관이 모든 연방 보조금과 대출에 대한 일시적인 동결을 명령하면서 3조 달러의 자금이 재검토를 받게 되었고, 이는 의회의 재정 권력에 대한 법적 및 정치적 충돌의 무대를 설정하여 광범위한 산업에 큰 영향을 미칠 수 있다. 이 지침은 월요일에 예산관리국(OMB)에 의해 발행되었고 여러 언론 매체에 의해 수신되었다. 모든 연방 기관은 프로그램이 도널드 트럼프 대통령의 정책 우선사항과 일치하는지 검토되는 동안 지급을 중단해야 한다.

트럼프의 연방 지출 중단으로 $3조가 위기에 봉착, 클린 에너지, 방산, 의료 등 산업이 위협

American Superconductor Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMSC#NASDAQ">AMSC</a>) shares fell sharply on Wednesday after the company announced that it has priced <a href="https://www.benzinga.com/pressreleases/25/06/g45881538/amsc-announces-pricing-of-115-million-public-offering-of-common-stock" target="_blank" rel="noreferrer noopener">its underwritten public offering</a> of 4,125,000 shares at $28 each, aiming to raise approximately $115.5 million in gross proceeds before expenses.
The company intends to use the proceeds for general corporate purposes, including working capital and potential strategic acquisitions.
AMSC also granted underwriters a 30-day option to purchase up to 618,750 additional shares at the offering price, less underwriting discounts and commissions. The offering is expected to close around June 12, pending customary conditions.
Also Read: <a href="https://www.benzinga.com/trading-ideas/long-ideas/25/06/45818607/record-3-3-trillion-global-energy-investment-which-solar-stocks-could-soak-up-the-sun" target="_blank" rel="noreferrer noopener">Record $3.3 Trillion Global Energy Investment: Which Solar Stocks Could Soak Up The Sun?</a>
<h2 class="wp-block-heading">AMSC&#8217;s Recent Earnings and Forecast</h2>
The offering comes shortly after AMSC reported strong <a href="https://www.benzinga.com/news/earnings/25/05/45553668/american-superconductor-reports-better-than-expected-q4-results-details" target="_blank" rel="noreferrer noopener">fourth-quarter</a> results in mid-May. The company posted earnings of 13 cents per share, beating the consensus estimate of 10 cents. Revenue rose to $66.7 million, a sharp increase from $42 million in the same quarter a year ago.
CEO Daniel P. McGahn said the results marked the company&#8217;s third consecutive profitable quarter and a seventh straight quarter of positive operating cash flow. AMSC booked $75 million in new orders during the period, boosting its year-end backlog to nearly $320 million.
For the first quarter, the company expects adjusted earnings of 10 cents per share and revenue between $64 million and $68 million, roughly in line with analysts&#8217; projections.
<h2 class="wp-block-heading">Stock Performance Snapshot</h2>
AMSC shares dropped about 15% following the offering announcement. The stock has a 52-week high of $38.02 and a low of $13.98. It fell approximately 63% from its November high to its April low but has since rebounded nearly 120%. Shares are up around 14.7% year to date and currently trade about 30% above the 50-day simple moving average.
Sector-relevant ETFs include the iShares Global Clean Energy ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICLN#NASDAQ">ICLN</a>) and Invesco WilderHill Clean Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBW#NYSE">PBW</a>).
Price Action: AMSC shares are trading lower by 15.5% to $29.10 at last check Wednesday.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/equities/25/06/45884336/teslas-key-element-of-profitability-at-stake-as-trumps-big-beautiful-bill-threatens-major-revenue-stream" target="_blank" rel="noreferrer noopener">Tesla&#8217;s &#8216;Key Element Of Profitability&#8217; At Stake As Trump&#8217;s &#8216;Big, Beautiful Bill&#8217; Threatens Major Revenue Stream</a></li>
</ul>
Image via Shutterstock

News

Financing

AMSC

iShares S&P Global Clean Energy Index Fund

ICLN

American Superconductor Cashes In On Stock Rally, Raises $115.5 Million Via Equity Offering

Gevo Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEVO#NASDAQ">GEVO</a>) reported on Wednesday that it has <a target="_blank" href="https://www.benzinga.com/pressreleases/25/05/g45642976/gevo-to-sell-luverne-minnesota-ethanol-facility-to-a-e-innovation-will-retain-isobutanol-assets-fo" rel="noreferrer noopener">agreed to sell</a> its ethanol subsidiary, Agri-Energy LLC, to A.E. Innovation LLC for $7 million. The deal includes Gevo&#8217;s idle 18-million-gallon-per-year ethanol plant in Luverne, Minnesota, which has been offline since 2022.
Gevo will retain key isobutanol assets and a portion of the site for future use, enabling the potential production of up to 1 million gallons annually of isobutanol, convertible into specialty chemicals or renewable jet fuel.
A.E. Innovation, a Minnesota-based agriculture group, plans to restart ethanol production and develop the location into a hub for scaling clean fuel technologies.
Also Read: <a href="https://www.benzinga.com/top-stories/25/05/45381191/first-solar-eyes-best-2-day-rally-since-2013-after-gop-tax-plan-spares-key-clean-energy-credits">First Solar Eyes Best 2-Day Rally Since 2013 After GOP Tax Plan Spares Key Clean Energy Credits</a>
The sale provides Gevo with $2 million upfront and $5 million in future payments while reducing approximately $3 million in annual idling costs.
Gevo CEO Patrick Gruber emphasized the opportunity to build new partnerships and highlighted Minnesota&#8217;s leadership in sustainable agriculture.
The restart of ethanol production is expected to benefit Luverne&#8217;s local economy, bolster support for farmers, and reinforce the town&#8217;s role in the renewable energy transition.
Gevo announced yesterday the <a href="https://www.benzinga.com/pressreleases/25/05/g45629960/gevo-promotes-leke-agiri-to-chief-financial-officer" target="_blank" rel="noreferrer noopener">appointment</a> of Oluwagbemileke (Leke) Agiri as Chief Financial Officer, effective May 21, 2025.  He succeeds L. Lynn Smull, who will take on a new role as Executive Vice President and Senior Advisor to the CEO.
The leadership change reflects Gevo&#8217;s long-term succession planning and positions the company for its next phase of strategic growth.
Related ETFs: Invesco WilderHill Clean Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBW#NYSE">PBW</a>), First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCLN#NASDAQ">QCLN</a>).
Price Action: GEVO shares are trading higher by 1.32% to $1.15 at last check Wednesday.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/05/45429266/solar-security-alert-communication-devices-discovered-in-chinese-inverters-heres-the-stocks-that-could-be-affected">DOE Warns Of Hidden Risks As Chinese Devices In Power Inverters Sparks National Security Concerns: 7 Stocks That Could Be In Focus</a></li>
</ul>
Image via Shutterstock

Asset Sales

GEVO

First Trust NASDAQ Clean Edge Green Energy Index Fund

QCLN

Gevo's Ethanol Plant Sale Cuts $3 Million From Annual Expenses

The U.S. House of Representatives passed one of the most expansive tax-and-spending bills in modern history, setting the stage for a multi-trillion-dollar shift in federal deficits and sector <a href="https://www.benzinga.com/economics/macro-economic-events/25/05/45564489/trumps-big-tax-bill-clears-the-house-30-year-yields-jump-to-515-as-bond-market-freaks">dynamics over the next decade.</a>
The legislation is projected to balloon the federal deficit by over $3 trillion between 2025 and 2034, according to preliminary estimates from the Congressional Budget Office. The fiscal impact will peak around 2027, when the bulk of the temporary spending programs and tax cuts kick in.
<h1 class="wp-block-heading">Fiscal Alarm Bells Ring On Wall Street</h1>
Analysts at the bipartisan federal agency warn that such a sharp increase comes at a time when U.S. debt is already on an unsustainable trajectory.
"Adding more than $3 trillion to the debt when our nation's finances are already on an unsustainable path would be unwise," the CBO stated. 
"Lawmakers should go back to the drawing board and work on a bill that reduces deficits, not adds to them."
Spencer Hakimian, founder of Tolou Capital warned that with the bill's passage, markets should brace for permanent emergency-style stimulus and $4 trillion annual deficits within a few years.
"This is COVID-style spending — without the pandemic," Hakimian said in a post on X.
Goldman Sachs' economist Alec Phillips highlighted that Moody's recent U.S. credit rating downgrade was influenced by the bill's trajectory, stating, "Markets are already attuned to fiscal risks… early August remains our base case for enactment."
<h1 class="wp-block-heading">How The House Tax Bill Could Shake Up Different Sectors</h1>
According to CBO projections, the bill increases the deficit in three key government areas — meaning more spending is likely ahead:
<ul class="wp-block-list">
<li>Judiciary: $7 billion (deficit increase)</li>
<li>Armed Services: $144 billion</li>
<li>Homeland Security: $67 billion</li>
</ul>
This suggests significant boosts to military procurement, border enforcement and law enforcement infrastructure. These sectors could benefit from rising federal contracts and equipment orders, with likely beneficiaries including the iShares U.S. Aerospace &amp; Defense ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ITA#NYSE">ITA</a>) and the First Trust Nasdaq Cybersecurity ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CIBR#NASDAQ">CIBR</a>).
At the core of the bill is the Ways &amp; Means Committee, responsible for all tax policy, Social Security, Medicare, unemployment benefits and tariffs. This section alone accounts for $3.775 trillion of the total deficit increase.
Other areas of the budget plan reflect deficit reductions, which generally imply spending cuts or revenue gains. These include:
<ul class="wp-block-list">
<li>Energy &amp; Commerce: -988 billion (deficit reduction).</li>
<li>Agriculture: -$238 billion</li>
<li>Education &amp; Workforce: -$349 billion</li>
<li>Financial Services: -$5 billion</li>
<li>Natural Resources: -$20 billion</li>
<li>Oversight &amp; Government Reform: -$51 billion</li>
<li>Transportation &amp; Infrastructure: -$37 billion</li>
</ul>
Potential ETF losers include Invesco WilderHill Clean Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBW#NYSE">PBW</a>), iShares MSCI Agriculture Producers ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VEGI#NYSE">VEGI</a>), and iShares U.S. Transportation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYT#NYSE">IYT</a>), given expected cuts to renewables subsidies, rural and transportation programs.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x1f1fa;&#x1f1f8; CBO&#39;s First Score of House Reconciliation Bill &#8211; CRFB<a href="https://t.co/iFM00ypPuM">https://t.co/iFM00ypPuM</a> <a href="https://t.co/JmkCrJ8W3q">pic.twitter.com/JmkCrJ8W3q</a>
&mdash; Christophe Barraud&#x1f6e2;&#x1f433; (@C_Barraud) <a href="https://twitter.com/C_Barraud/status/1925540653607395776?ref_src=twsrc%5Etfw">May 22, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
<h1 class="wp-block-heading">Market Reactions</h1>
Initial market reactions hit the solar and renewables sectors, which suffered the brunt of market fallout. With many solar tax subsidies ended, the Invesco Solar ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TAN#NASDAQ">TAN</a>) fell 9% on Thursday. Among key names:
<ul class="wp-block-list">
<li>Sunrun Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>) collapsed 40%</li>
<li>SolarEdge Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>) dropped 26%</li>
<li>Enphase Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) fell 19%</li>
<li>First Solar Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>) declined 4%</li>
</ul>
Abigail Ross Hopper, CEO of the Solar Energy Industries Association, warned the bill would "upend an economic boom," potentially leading to blackouts and a strategic loss to China in the global AI race.
"This bill is willfully ignorant of the fact that deploying solar and storage is the only way the U.S. power grid can meet demand&#8230; If it becomes law, America will effectively surrender the AI race to China."
In contrast, consumer-related stocks rallied, buoyed by expectations of tax relief and increased household spending power. The SPDR S&amp;P Retail ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XRT#NYSE">XRT</a>) climbed 1.5%, led by Advance Auto Parts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAP#NYSE">AAP</a>), which soared 42% after a blowout earnings report.
Within tech-focused defense names, Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) jumped 4.5%, while cybersecurity leader CrowdStrike Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) gained 2.6%. 
Read Now:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/economics/macro-economic-events/25/05/45567476/us-business-activity-rebounds-in-may-but-tariff-fueled-inflation-surges-at-fastest-pace-in-3-years">US Business Activity Rebounds In May, But Tariff-Fueled Inflation Surges At Fastest Pace In 3 Years</a> Photo: iQoncept via Shutterstock<a href="https://www.benzinga.com/economics/macro-economic-events/25/05/45567476/us-business-activity-rebounds-in-may-but-tariff-fueled-inflation-surges-at-fastest-pace-in-3-years"> </a></li>
</ul>

Analyst Color

Macro Economic Events

Bonds

Broad U.S. Equity ETFs

Treasuries

Economics

Analyst Ratings

Trading Ideas

CIBR

CRWD

ENPH

FSLR

iShares Dow Jones US Aerospace & Defense Index Fund

iShares Dow Jones Transportation Average Index Fund

PLTR

VEGI

Big Tax Cuts, Big Deficits: Wall Street Winners And Losers Emerge

A sharp jump in Treasury yields following Wednesday's weak 20-year bond auction triggered a swift market reaction, with several high-growth and tech names plunging between 1:05 p.m. and 2:05 p.m. ET—the exact window 30-year <a href="https://www.benzinga.com/news/treasuries">yields spiked above 5.08%.</a>
Tempus AI Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TEM#NASDAQ">TEM</a>) led the decline, falling 6.9%, followed by Hims &amp; Hers Health Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIMS#NYSE">HIMS</a>), which dropped 5%, data from <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">Benzinga Pro</a> platform shows. 
AI infrastructure firm CoreWeave Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWV#NASDAQ">CRWV</a>) slid 4.4%, while Bitcoin-linked Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) tumbled 4.3%. 
Trading platform Robinhood Markets Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) lost 3.7%.
The selloff came as investors repriced risk across equities amid fears of persistently higher rates, sparked by soft demand at the 20-year Treasury auction. 
The bid-to-cover ratio of 2.46 landed near the bottom quartile of the past 50 auctions, with the iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>), sliding to a 19-month low.
Notable losers among the 20 movers with at least $10 billion market cap also included Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>), Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) and Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), with declines of 3.1%, 2.9% and 2.7%, respectively. 
Semiconductor names also came under pressure, as ON Semiconductor Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>) fell 2.8%, while Super Micro Computer Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) lost 3% during the hour-long selloff. Other high-beta tech stocks such as Credo Technology Group Holding Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRDO#NASDAQ">CRDO</a>) and Mobileye Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NASDAQ">MBLY</a>) each dropped over 3%, reflecting broad-based risk aversion triggered by the Treasury market spike. 
The weakness extended into biotech and aerospace sectors as well, with Summit Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMMT#NASDAQ">SMMT</a>) and Rocket Lab USA Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RKLB#NASDAQ">RKLB</a>) down 2.7% and 3.5%, respectively.
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<thead>
<tr>
<th>Name</th>
<th>Price</th>
<th>% Change</th>
</tr>
</thead>
<tbody>
<tr>
<td>Tempus AI</td>
<td>$60.39</td>
<td>-6.91%</td>
</tr>
<tr>
<td>Hims &amp; Hers Health</td>
<td>$58.27</td>
<td>-5.00%</td>
</tr>
<tr>
<td>CoreWeave</td>
<td>$104.33</td>
<td>-4.44%</td>
</tr>
<tr>
<td>Strategy</td>
<td>$399.58</td>
<td>-4.15%</td>
</tr>
<tr>
<td>Robinhood Markets</td>
<td>$64.11</td>
<td>-3.73%</td>
</tr>
<tr>
<td>Aurora Innovation</td>
<td>$6.17</td>
<td>-3.60%</td>
</tr>
<tr>
<td>Rocket Lab USA</td>
<td>$25.48</td>
<td>-3.51%</td>
</tr>
<tr>
<td>Credo Technology Group</td>
<td>$60.98</td>
<td>-3.24%</td>
</tr>
<tr>
<td>Mobileye Global</td>
<td>$15.88</td>
<td>-3.23%</td>
</tr>
<tr>
<td>Astera Labs Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALAB#NASDAQ">ALAB</a>)</td>
<td>$92.15</td>
<td>-3.21%</td>
</tr>
<tr>
<td>ServiceTitan Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTAN#NASDAQ">TTAN</a>)</td>
<td>$123.13</td>
<td>-3.07%</td>
</tr>
<tr>
<td>Palantir Technologies</td>
<td>$122.40</td>
<td>-3.05%</td>
</tr>
<tr>
<td>Super Micro Computer</td>
<td>$42.16</td>
<td>-3.04%</td>
</tr>
<tr>
<td>Estee Lauder Cos Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EL#NYSE">EL</a>)</td>
<td>$64.11</td>
<td>-2.96%</td>
</tr>
<tr>
<td>Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>)</td>
<td>$260.26</td>
<td>-2.92%</td>
</tr>
<tr>
<td>Toll Brothers Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOL#NYSE">TOL</a>)</td>
<td>$103.95</td>
<td>-2.89%</td>
</tr>
<tr>
<td>ON Semiconductor</td>
<td>$44.03</td>
<td>-2.82%</td>
</tr>
<tr>
<td>Summit Therapeutics</td>
<td>$25.59</td>
<td>-2.69%</td>
</tr>
<tr>
<td>Nvidia Corp. </td>
<td>$133.27</td>
<td>-2.69%</td>
</tr>
<tr>
<td>Kinsale Capital Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KNSL#NYSE">KNSL</a>)</td>
<td>$460.03</td>
<td>-2.64%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Benzinga Pro</figcaption></figure>
<h3 class="wp-block-heading">Wall Street Extend Lows</h3>
The S&amp;P 500 Index, tracked by the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), deepened losses, falling 1.3% by 2:17 p.m. ET, while small caps were hit harder, with the Russell 2000 plunging 2.4%. 
All S&amp;P 500 sectors traded in negative territory, led by real estate, which dropped 2.7% under pressure from rising yields.
Gold miners, tracked by the VanEck Gold Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDX#NYSE">GDX</a>), were the only industry group holding gains, supported by a rise in bullion prices as investors sought safety amid Treasury volatility. 
The clean energy industry was the day's worst performer, with the Invesco WilderHill Clean Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBW#NYSE">PBW</a>) sliding 3.4%.
Read now: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/05/45548192/tesla-enters-its-most-bullish-window-this-seasonal-trade-delivered-24-average-gain-over-10-years">Tesla Enters Its Most Bullish Window: This Seasonal Trade Delivered 24% Average Gain Over 10 Years </a></li>
</ul>
Photo: Shutterstock

Mid Cap

Small Cap

Tech

ALAB

COIN

CRDO

CRWV

Market Vectors ETF Trust Market Vectors Gold Miners

Hims & Hers Health, Inc. Class A Common Stock

HIMS

HOOD

KNSL

MBLY

MSTR

NVDA

RKLB

SMCI

SMMT

iShares Trust Barclays 20+ Year Treasury Bond Fund

TTAN

Treasury Yields Top 5%: These 20 Stocks Tanked In Just One Hour

Clean energy stocks spiked on Tuesday, with First Solar Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>) jumping more than <a href="https://www.benzinga.com/topic/renewable-energy">20% during early trading</a>.
The rally came after House Republicans delivered a better-than-feared tax proposal for renewable energy incentives.
The market had braced for a potential gutting of clean energy provisions under the Inflation Reduction Act (IRA), but the House GOP's proposed tax legislation, while imposing several phaseouts and rollbacks, kept many of the core credits intact.
This drove a sector-wide relief rally that sent major solar names and exchange-traded funds sharply higher.
First Solar has rallied 35% over the past two days, putting it on track for the strongest 2-day rally since 2013. 
The Invesco Solar ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAN#NYSE">TAN</a>) rose 6.5% Tuesday after a 4% rally on Monday, marking its best two-day performance in more than 12 months. The Invesco WilderHill Clean Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBW#NYSE">PBW</a>) followed suit, rising 3.4% Tuesday after a 5.1% surge on Monday.
Tuesday&#8217;s Top Performers Among Solar Stocks
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Security Name</td>
<td>Price</td>
<td>$ Return</td>
</tr>
<tr>
<td>Array Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARRY#NASDAQ">ARRY</a>)</td>
<td>8.34</td>
<td>21.90%</td>
</tr>
<tr>
<td>First Solar, Inc. </td>
<td>187.24</td>
<td>19.86</td>
</tr>
<tr>
<td>Shoals Technologies Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHLS#NASDAQ">SHLS</a>)</td>
<td>6.23</td>
<td>16.25</td>
</tr>
<tr>
<td>Sunrun Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>)</td>
<td>12.70</td>
<td>15.89</td>
</tr>
<tr>
<td>Nextracker Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXT#NASDAQ">NXT</a>)</td>
<td>56.65</td>
<td>11.89</td>
</tr>
<tr>
<td>Daqo New Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DQ#NYSE">DQ</a>)</td>
<td>15.44</td>
<td>10.22</td>
</tr>
</tbody>
</table>
</figure>
<h3 class="wp-block-heading">What's Inside The GOP Tax Bill Proposal?</h3>
The legislation, up for a House Ways and Means Committee vote Tuesday afternoon, includes several revisions to clean energy tax credits but stops short of dismantling them.
Key changes include:
<ul class="wp-block-list">
<li>25D residential solar tax credit (30%) ends for projects not installed by end-2025.</li>
<li>48E investment credit, used by residential and utility-scale solar, begins phasing out in 2029.</li>
<li>45X manufacturing credit ends after 2031, instead of phasing down in 2032.</li>
<li>45Y clean energy production credit changes qualification from "start of construction" to "placed in service" and phases down from 80% if placed in service during calendar year 2029, and then declines by 20% per year until reaching 0% in 2031.</li>
<li>Credit transferability was repealed, eliminating the ability to monetize credits by selling to large taxpayers</li>
<li>Additional cuts to funding, including $27 billion from the Greenhouse Gas Reduction Fund</li>
</ul>
A crucial clause excludes 45X credit eligibility for firms receiving significant support from foreign entities of concern, defined by national security laws.
<h3 class="wp-block-heading">Manufacturers Seen As Primary Winners</h3>
Analysts at Goldman Sachs said the proposal is "not as negative as initially feared," particularly for domestic clean energy manufacturers.
&#8220;We believe the initial reaction to the proposed tax plan is relatively bullish [&#8230;] as we believe investors had been pricing in a severely bearish possible outcome – such as the immediate repeal of IRA – and the phase out looks rather measured,&#8221; the firm&#8217;s analyst Brian Lee, CFA, said.
Companies with high U.S. revenue exposure, such as Sunrun Inc., Shoals Technologies Group Inc., First Solar Inc., and Array Technologies Inc., stand to benefit the most, according to the expert.
For First Solar, the revision to the 45X credit is especially supportive, potentially contributing 75% of its 2026 earnings per share, according to Goldman estimates. The company's U.S.-based manufacturing footprint could also gain from the foreign-entity restrictions.
Conversely, residential-focused firms like Enphase Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) and SolarEdge Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>) may face pressure from the removal of the 25D credit in 2026, which could hurt demand for solar loan and cash sale products.
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</ul>
Image: Shutterstock

ARRY

SHLS

First Solar Eyes Best 2-Day Rally Since 2013 After GOP Tax Plan Spares Key Clean Energy Credits

Chinese EV maker&nbsp;XPeng&nbsp;Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) shares are trading lower premarket on Tuesday. The company reported&nbsp;fiscal&nbsp;fourth-quarter sales growth of&nbsp;23.4%&nbsp;year-on-year to 16.11 billion Chinese Yuan&nbsp;($2.21&nbsp;billion), topping the&nbsp;consensus estimate <a target="_blank" href="https://www.benzinga.com/pressreleases/25/03/g44372075/xpeng-reports-fourth-quarter-and-fiscal-year-2024-unaudited-financial-results" rel="noreferrer noopener">of&nbsp;16.02 billion Chinese Yuan</a>.&nbsp;
Total revenues increased 59.4% sequentially in the quarter. The Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) rival's quarterly vehicle deliveries increased 52.1% Y/Y to 91,507. XPeng's physical sales network had 690 stores, covering 226 cities as of December 31, 2024.
XPeng's self-operated charging station network reached 1,920 stations as of December 31, 2024. Revenues from vehicle sales increased 20.0% Y/Y to 14.67 billion Chinese Yuan ($2.01 billion) on higher deliveries.
Gross margin was 14.4% versus 6.2% a year ago. Vehicle margin was 10.0% versus 4.1% a year ago, primarily attributable to the cost reduction. Operating loss for the quarter was 1.56 billion Chinese Yuan ($0.21 billion). 
Adjusted net loss per ADS of 1.47 Chinese Yuan missed the analyst consensus estimate for a loss of 1.35 Chinese Yuan. In USD terms, the adjusted earnings <a href="https://www.benzinga.com/earnings" target="_blank" rel="noreferrer noopener">per ADS was a loss of 20 cents</a> in-line with the consensus of 20 cents loss.
The&nbsp;company held&nbsp;$5.75 billion&nbsp;in cash and equivalents&nbsp;as of December 31, 2024.
Read: <a target="_blank" href="https://www.benzinga.com/25/03/44240449/tesla-rival-xpeng-eyes-138-billion-investment-in-humanoid-robots-says-chinese-state-media" rel="noreferrer noopener">Tesla Rival XPeng Eyes $13.8 Billion Investment In Humanoid Robots, Says Chinese State Media</a>
Chairman and CEO of XPENG, Xiaopeng He, highlighted the company&#8217;s strategic positioning to expand its market share in the Smart EV sector both in China and internationally.
He emphasized that AI will play a crucial role in advancing L3 and L4 autonomous driving within the automotive industry. The company&#8217;s goal is to establish XPENG as a globally recognized AI-driven automotive company and a smart technology brand that resonates with users worldwide.
Outlook: XPENG projects first-quarter vehicle deliveries between 91,000 and 93,000, reflecting <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">a surge of 317% to 326.8% Y/Y</a>.
The company anticipates revenue of 15 billion Chinese Yuan to 15.7 billion Chinese Yuan, vs. the consensus of 14.684 billion Chinese Yuan.
Investors can gain exposure to the stock via&nbsp;VanEck Low Carbon Energy ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMOG#NYSE">SMOG</a>) and Invesco WilderHill Clean Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBW#NYSE">PBW</a>).
Price Action: XPEV shares are down 0.49% at $24.44 premarket at the last check Monday.
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</ul>
Image via Shutterstock.

Earnings

Guidance

SMOG

TSLA

XPEV

Tesla's China Rival XPeng Delivers Over 91,500 EVs In Q4, Eyes Massive Growth In Q1

Altus Power, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMPS#NYSE">AMPS</a>) shares are <a href="https://www.benzinga.com/pressreleases/25/02/b43523644/altus-power-announces-agreement-to-be-acquired-by-tpg" target="_blank" rel="noreferrer noopener">trading higher on Thursday</a> after the company announced an all-cash deal with TPG Rise Climate.
The deal values Altus Power at approximately $2.2 billion, including debt.
Upon the completion of the transaction, Altus Power&#8217;s Class A common stock will be delisted from the New York Stock Exchange, transitioning the company into a privately held entity.
The $5.00 per share purchase price represents a significant 66% premium over Altus Power&#8217;s stock price from October 15, 2024, the last trading day before the company announced its strategic review.
Also Read:<a href="https://www.benzinga.com/25/02/43528027/hersheys-stock-pops-as-q4-earnings-beat-expectationsbut-cocoa-prices-loom-over-2025-outlook" target="_blank" rel="noreferrer noopener"> Hershey&#8217;s Stock Pops As Q4 Earnings Beat Expectations—But Cocoa Prices Loom Over 2025 Outlook</a>
Altus Power CEO Gregg Felton says TPG Rise Climate will enable Altus to meet the increasing demand for sustainable energy. 
&#8220;This partnership strengthens our ability to serve both our Community Solar and commercial clients with clean electric power at a time when demand for power is expected to grow substantially,&#8221; Felton said.
Altus Power&#8217;s board approved the deal at $5.00 per share.
Approximately 40% of the company&#8217;s stock is already committed in favor of the deal. Altus Power expects the transaction to close by the second quarter of 2025.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, AMPS stock has lost over 13% in the past year. Investors can gain exposure to the stock via&nbsp;Invesco WilderHill Clean Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBW#NYSE">PBW</a>).
Price Action: AMPS shares are trading higher by 27.8% to $4.895 at last check Thursday.
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Image: Shutterstock

General

AMPS

Altus Power Stock Gains On Heels Of $2.2 Billion TPG Rise Climate Deal

Gevo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEVO#NASDAQ">GEVO</a>) shares are trading lower on Monday. The company acquired Red Trail Energy&#8217;s ethanol production plant and carbon capture and <a target="_blank" href="https://www.benzinga.com/pressreleases/25/02/g43433580/gevo-completes-acquisition-of-red-trail-energy-assets-in-north-dakota-expanding-a-burgeoning-portf" rel="noreferrer noopener">sequestration (CCS) assets for $210 million</a>.
The acquisition includes the plant, pore space, and operational personnel, providing a strategic option for sustainable aviation fuel (SAF) production.
The acquired&nbsp;assets, now renamed &#8220;Net-Zero North,&#8221; are expected to contribute $30 million to $60 million<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener"> in annual Adjusted EBITDA for Gevo</a>.
Gevo financed the buyout through a mix of Gevo&#8217;s equity capital and a $105 million senior secured term loan from Orion Infrastructure Capital (OIC).
OIC has also expressed interest in providing up to an additional $100 million in debt for future mutually agreed-upon projects at Net-Zero North.
Additionally, OIC is investing $5 million in equity at Net-Zero North, complementing Gevo&#8217;s equity contribution.
Gevo Chief Executive Officer, Patrick Gruber said, &#8220;The proven CCS site will allow us to permanently sequester biogenic carbon dioxide to produce US products with the highest quantity and quality of carbon abatement to address a growing global market demand.&#8221;
&#8220;Net-Zero North is a key step on our path to becoming self-sustaining and profitable as a company in advance of our NZ1 project coming online.&#8221;
Chris Ryan, President and Chief Operating Officer, added, &#8220;Net-Zero North, with its efficient operating profile and CCS, is projected to achieve a carbon intensity (&#8220;CI&#8221;) score in the low 20s (not including improved agricultural results that farmers can achieve using regenerative agriculture practices) using the variation of the GREET model proposed in the Section 45Z rule.&#8221;
&#8220;We believe that is about 30 CI points lower than the best plants that are not connected to CCS. British Columbia previously scored the Net-Zero North plant at a CI of 19. This is a great starting point to expand Gevo&#8217;s business.&#8221;
Investors can gain exposure to the stock via Invesco Wilderhill Clean Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBW#NYSE">PBW</a>) and Invesco Global Clean Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBD#NYSE">PBD</a>).
Price Action: GEVO shares are down 3.13% at $1.705 at the last check Monday.
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<li><a href="https://www.benzinga.com/24/12/42465586/gevo-and-lg-chem-push-ahead-on-eto-commercialization-for-sustainable-aviation-and-bio-propylene-markets" target="_blank" rel="noreferrer noopener">Gevo And LG Chem Double Down On Ethanol-To-Olefins Tech: Details</a></li>
</ul>
Photo via Shutterstock.

PowerShares Global Clean Energy Portfolio

Gevo Buys Ethanol & CCS Assets, Secures Additional $100 Million Potential Funding For Net-Zero North Expansion

The White House has ordered a temporary freeze on all federal grants and loans, putting $3 trillion in funding under scrutiny and setting the stage for a legal and political showdown over the congressional power of the purse that could heavily impact a <a href="https://www.benzinga.com/markets">wide range of industries.</a>
The directive, issued Monday by the Office of Management and Budget and received by several media outlets, requires all federal agencies to halt disbursements while programs are reviewed for alignment with President Donald Trump's policy priorities.
This includes halting new awards, existing payment and funding for projects until reviewed.
The exact financial impact of the order remains uncertain. Budget experts cited <a href="https://www.washingtonpost.com/business/2025/01/28/trump-spending-freeze-upends-washington-triggering-legal-threats-delays/">by the Washington Post </a>estimate at least tens of billions of dollars are at stake, though the White House directive suggests the total could be significantly higher.
Of the almost $10 trillion spent by the federal government in fiscal 2024, more than $3 trillion was federal financial assistance, Matthew Vaeth, acting director at the OMB, said in the memorandum.
&#8220;Financial assistance should be dedicated to advancing Administration priorities,&#8221; Vaeth said, adding that &#8220;the use of Federal resources to advance Marxist equity, transgenderism, and green new deal social engineering policies is a waste of taxpayer dollars that does not improve the day-to-day lives of those we serve.&#8221;
The White House said that Social Security and Medicare remain untouched. The sweeping pause threatens funding for universities, nonprofits, contractors and private companies that depend on federal assistance.
&#8220;Nothing in this memo should be construed to impact Medicare or Social Security benefits,&#8221; the memo said. 
The immediate focus will be on how agencies handle exemptions. The OMB memo allows federal departments to request case-by-case approvals, which means some funding may still flow, but the process is likely to be slow and politically charged.
Federal agencies have until Feb. 10, 2025, to provide OMB with detailed reports outlining which programs, projects, and activities are affected by the funding pause.
<h3 class="wp-block-heading">Legal, Political Showdown Over Federal Funds </h3>
The move is triggering legal challenges from nonprofits and Democratic-led states.
Within hours of the announcement, lawsuits were filed in federal courts in New York, Illinois and Oregon, arguing that Trump does not have the authority to withhold congressionally approved spending.
Senate Minority Leader Chuck Schumer was among the first to push back, saying Congress-approved investments are legally mandated and asserting the president lacks the authority to override the Impoundment Control Act of 1974, which restricts unilateral executive control over federal funds.
Trump has long argued that the 1974 law is unconstitutional, stating that past presidents had far more discretion over spending before its passage.
<h3 class="wp-block-heading">Which Industries Could Face Trouble?</h3>
Some of the hardest-hit sectors could include clean energy, defense, health care and education, where federal dollars have played a crucial role in driving investment and growth in recent years.
Trump's OMB memo explicitly targeted climate initiatives and green energy programs. Shares of solar and renewable energy companies were among the hardest hit following the federal funding freeze.
The Invesco Solar ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAN#NYSE">TAN</a>) and the Invesco Wilderhill Clean Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBW#NYSE">PBW</a>) fell by 2% and 1.3%, respectively, on Tuesday. 
Sunnova Energy International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOVA#NYSE">NOVA</a>) dropped 12%, Sunrun Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>) fell 9.2% and SolarEdge Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>) declined 5%. 
Defense contractors such as Lockheed Martin Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>), RTX Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) and Northrop Grumman (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>) may also see rising uncertainty. While military spending is unlikely to be cut outright, several defense contractors rely on federal grants for research and development. 
The impact on health care remains unclear. While Medicare is shielded, Medicaid funding — which supports hospitals, managed care providers and pharmaceutical companies — could be at risk.
HCA Healthcare Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HCA#NYSE">HCA</a>) and Universal Health Services Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UHS#NYSE">UHS</a>) fell by 1% and 1.4%, respectively, while Tenet Healthcare Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THC#NYSE">THC</a>) showed resilience Tuesday. 
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Photo via Shutterstock.

Trump's Federal Spending Freeze Puts $3 Trillion In Limbo, Threatens Industries Like Clean Energy, Defense, Health Care

Trump's first day in office brought a wave of executive orders targeting immigration, energy, social policies, and announcing the withdrawal from global agreements like the Paris Climate Accord and <a href="https://www.benzinga.com/topic/donald-trump">the World Health Organization. </a>
Trump also pledged to raise tariffs up to 25% on both Canada and Mexico starting Feb. 1, but fell short of announcing universal tariffs on all imports.
Following Monday&#8217;s market closure for Martin Luther King Jr. Day, investors began assessing how Trump's new policy measures could impact sectors across the board. 
Gold miners and defense stocks outperformed, while solar energy companies were among the hardest hit.
<h3 class="wp-block-heading">Wall Street&#8217;s Winners And Losers After Trump&#8217;s Day 1</h3>
Gold miners were among the standout performers, amid rising trade fears between the U.S. and Canada. 
The VanEck Gold Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDX#NYSE">GDX</a>) climbed 2.6% by 1:30 p.m. ET Tuesday. Leading gains were Harmony Gold Mining Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMY#NYSE">HMY</a>), up 4.3% and Endeavour Silver Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXK#NYSE">EXK</a>), up 3.1%.
&#8220;While President Trump's Inauguration Day policy announcements on tariffs were more benign than expected, we continue to expect the White House to increase tariff rates on autos and imports from China, and we see other tariff proposals as a risk,&#8221; Goldman Sach&#8217;s analyst Elsie Peng wrote in a note Tuesday.
Defense stocks also surged as Trump's policies emphasized national security and border protection declaring a &#8220;national emergency&#8221; at the southern border with Mexico. The iShares U.S. Aerospace &amp; Defense ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ITA#NYSE">ITA</a>) rose 3.3%.
Other notable movers included the U.S. Global Jets ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JETS#NYSE">JETS</a>), up 2%, and the SPDR S&amp;P Metals &amp; Mining ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XME#NYSE">XME</a>), which rose 1.6% as investors bet on increased demand for industrial materials.
Oil and gas exploration companies saw declines despite <a href="https://www.benzinga.com/government/regulations/25/01/43097430/trumps-drill-baby-drill-era-begins-oil-prices-tumble-us-energy-stocks-edge-up">Trump's "Drill, Baby, Drill"</a> push to unleash U.S. energy resources. The SPDR S&amp;P Oil &amp; Gas Exploration &amp; Production ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOP#NYSE">XOP</a>) dropped 1.1%, signaling concerns about potential oversupply.
Clean energy and solar stocks, however, suffered from Trump's decision to halt offshore wind leasing and withdraw the U.S. from the Paris Climate Accord. 
The Invesco Solar ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAN#NYSE">TAN</a>) fell 3.1%, with losses from Daqo New Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DQ#NYSE">DQ</a>), down 6.7%, and First Solar Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>), which dropped 5.4%. The Invesco WilderHill Clean Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBW#NYSE">PBW</a>) slipped 1%.
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Photo: Shutterstock

JETS

Trump's First Day Sends Gold Miners, Defense Stocks Soaring, Solar Sliding

EVgo Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVGO#NASDAQ">EVGO</a>) shares are trading higher after the company reported&nbsp;third-quarter&nbsp;sales growth of&nbsp;92%&nbsp;year-on-year to&nbsp;$67.535&nbsp;million, beating the consensus <a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/b41896481/evgo-inc-reports-record-third-quarter-2024-results" rel="noreferrer noopener">estimate of&nbsp;$65.952 million</a>.
Revenue growth&nbsp;was primarily driven&nbsp;by year-over-year&nbsp;increases in charging network&nbsp;and&nbsp;eXtend&nbsp;revenues.
EVgo&#8217;s network throughput for the quarter was 78&nbsp;Gigawatt-hours (GWh), a&nbsp;growth of 111%&nbsp;year-over-year.
The company added over 147,000&nbsp;new customer accounts during the&nbsp;third quarter, bringing the overall number of customer accounts to more than 1.2 million at quarter end.
Adjusted gross profit for the quarter was&nbsp;$18.0 million&nbsp;versus&nbsp;$9.3 million&nbsp;last year. Adjusted gross margin expanded 20&nbsp;basis points to&nbsp;26.6% in the quarter.
Adjusted EBITDA loss was&nbsp;$8.9&nbsp;million versus&nbsp;a $14.2&nbsp;million loss last year. Loss per share of&nbsp;11 cents&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">beat the analyst consensus loss estimate of&nbsp;12 cents.</a>
Badar Khan, EVgo&#8217;s CEO, said, &#8220;Our deployment team continued to meet demand head-on bringing a record number of stalls online in the third quarter. With our conditional commitment from DOE for a loan guarantee of up to $1.05 billion announced last month, EVgo is poised to lead the industry as the charging provider of choice.&#8221;
The company added more than 270 new DC fast charging stalls in the quarter, including EVgo eXtend stalls. Ended the quarter with over 3,680&nbsp;stalls in operation, including EVgo eXtend stalls.
EVgo held&nbsp;$153.4 million&nbsp;in cash, cash equivalents and, restricted cash as of September-end.
Outlook&nbsp;Revised: EVgo raised the midpoint of its FY24 total revenue guidance by $2.5 million, now expecting between $250 million and $265 million (vs. consensus of $257.34 million) compared with the prior range of <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">$240 million to $270 million</a>.
Investors can gain exposure to the stock via SPDR S&amp;P Kensho Intelligent Structures ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIMS#NYSE">SIMS</a>) and Invesco WilderHill Clean Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBW#NYSE">PBW</a>).
Price Action: EVGO shares are up 22% at $6.59 premarket at the last check Tuesday.
Photo: Courtesy of EVgo, Inc.
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EVGO

SIMS

EVgo Q3 Sales Surge 92% As Charging Revenues And Customer Growth Drive Performance; Stock Jumps

XPeng Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) shares are <a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener">trading lower on Tuesday.</a>
Shares of U.S.-listed Chinese stocks are trading lower after China&#8217;s September exports missed estimates. Concerns over the effectiveness of&nbsp;China&#8217;s&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/asia/24/10/41329479/alibaba-nio-jd-com-and-other-us-listed-china-stocks-tumble-as-investors-await-clarity-on-fiscal-stim" rel="noreferrer noopener">latest stimulus measures</a> have also rattled investors.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, XPEV stock has lost over 25% in the past year. Investors can gain exposure to the stock via Invesco WilderHill Clean Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBW#NYSE">PBW</a>) and Global X Autonomous &amp; Electric Vehicles ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DRIV#NASDAQ">DRIV</a>).
The electric vehicle maker saw its stock decline alongside other Chinese companies, amid doubts that&nbsp;Beijing&#8217;s recent economic support package will significantly boost growth.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/10/41338223/why-nio-stock-is-moving" rel="noreferrer noopener">Why NIO Stock Is Moving</a>
Meanwhile, XPeng&#8217;s latest electric sedan, the P7+, is reportedly receiving positive early feedback, as evidenced by robust pre-order figures.
Within just 1 hour and 48 minutes of starting pre-sales, orders for the P7+ exceeded 30,000 units, <a target="_blank" href="https://cnevpost.com/2024/10/15/xpeng-p7-plus-30000-pre-orders-2-hours/" rel="noreferrer noopener">reported</a> CnEV Post, citing an announcement on Weibo.
Xpeng launched the model for European consumers in Paris, France. The company also announced that pre-sales for the model have commenced in China, with a starting price of RMB 209,800 ($29,600).
The pre-sale starting price of the P7+ is RMB 22,100, or 9.5% lower than the RMB 231,900 starting price of Tesla&#8217;s Model 3 in China, the report read.
However, Xpeng chairman and CEO He Xiaopeng stated that the model is designed to compete with vehicles in the RMB 300,000 price range, CnEV Post added.
The P7+ is a mid-to-large electric sedan measuring 5,056 mm in length, 1,937 mm in width, and 1,512 mm in height, with a 3,000 mm wheelbase, which makes it bigger than the Xpeng P7i sedan.
Price Action: XPEV shares are trading lower by 2.28% to $11.38 at last check Tuesday.
Photo via Shutterstock
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</ul>

Media

DRIV

What's Going On With XPeng Stock Today?

XPeng Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) shares are trading higher<a target="_blank" href="https://www.benzinga.com/premarket" rel="noreferrer noopener"> on Tuesday.</a>
In fact, shares of U.S.-listed Chinese companies are trading higher after <a target="_blank" href="https://www.benzinga.com//node/41004045" rel="noreferrer noopener">China Central Bank announced a new stimulus package.</a>
Xpeng has formed a dealership agreement to penetrate the Qatari market, advancing its global presence, <a target="_blank" href="https://cnevpost.com/2024/09/23/xpeng-signs-dealer-deal-enter-qatar/" rel="noreferrer noopener">reported</a> CnEV Post. The pact designates Pioneer Motors, part of Qatar&#8217;s Almana Group, as its collaborator in this initiative.
According to a <a target="_blank" href="https://www.scmp.com/business/china-business/article/3279572/chinese-ev-maker-xpeng-adds-qatar-export-list-amid-price-war-home" rel="noreferrer noopener">report</a> by the South China Morning Post, by year&#8217;s end, motorists in Qatar will have the opportunity to purchase various all-electric Xpeng models featuring autonomous driving technology, such as the P7 sedan and G6 SUV.
Also Read:<a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/41004167/ready-for-the-road-ford-opens-orders-for-2025-f-series-super-duty-truck" rel="noreferrer noopener"> Ready For The Road &#8211; Ford Opens Orders For 2025 F-Series Super Duty Truck</a>
South China Morning Post added that Latin America, the Middle East, and Southeast Asia are emerging as significant markets for Chinese electric vehicle manufacturers regarding exports and production sites, citing a report published by Moody&#8217;s in late August.
These areas exhibited reduced geopolitical risks, and their electric vehicle adoption is increasing as their gross domestic product per capita rises and their climate change efforts advance, the report noted.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, XPEV stock has lost over 39% in the past year. Investors can gain exposure to the stock via&nbsp;SPDR S&amp;P Kensho Smart Mobility ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAIL#NYSE">HAIL</a>) and&nbsp;Invesco WilderHill Clean Energy ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBW#NYSE">PBW</a>).
Price Action: XPEV shares are trading higher by 7.17% to $10.25 at last check Tuesday.
Photo via Shutterstock
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<li><a href="https://www.benzinga.com//node/40996835" target="_blank" rel="noreferrer noopener">XPeng Touches Production Milestone Of 500K EVs: Here&#8217;s How Many Electric Cars The Chinese Company Has Delivered</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

HAIL

LOUP

What's Going On With XPeng Shares Today?

XPeng Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) shares are trading higher premarket Thursday. The company disclosed that XPENG Motors will showcase its latest technologies and solutions at the <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/g40933214/xpeng-to-unveil-the-future-of-ai-mobility-in-europe-at-paris-motor-show-2024" rel="noreferrer noopener">Paris Motor Show 2024 in October</a>.
The company plans to unveil its latest innovations, including the Tianji XOS 5.4 smart in-car operating system, designed for the European market.
This system highlights XPENG's vision for adaptive, AI-driven driving experiences in Europe.
The company will also showcase its next-generation smart cockpit with advanced personalization options and frequent OTA updates.
Brian Gu, Vice Chairman and President at XPENG, said, &#8220;The European automotive market is undergoing a transformation from electrification to smartification. At the Paris Motor Show, we are not only showcasing highlights from our vehicle portfolio, but also new solutions that we will be integrating in our car models.&#8221;
XPENG said it looks forward to further expanding its European footprint with cutting-edge technology and AI-powered solutions.
This month, the company&nbsp;reportedly asked suppliers to ramp up parts capacity as the M03, the first model in its <a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/40794637/whats-going-on-with-xpeng-stock-today" rel="noreferrer noopener">Mona lineup, gains popularity</a>.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, XPEV stock has lost around 50%&nbsp;in the past year. Investors can gain exposure to the stock via&nbsp;SPDR S&amp;P Kensho Smart Mobility ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAIL#NYSE">HAIL</a>) and Invesco WilderHill Clean Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBW#NYSE">PBW</a>).
Price Action: XPEV shares are up 6.94% at $9.24 premarket at the last check Thursday.
Photo via Shutterstock
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

What's Going On With XPeng Shares Premarket Thursday?

XPeng Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) shares are trading relatively flat in the <a target="_blank" href="https://www.benzinga.com/premarket" rel="noreferrer noopener">morning session on Tuesday.</a>
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, XPEV stock has lost over 53% in the past year. Investors can gain exposure to the stock via&nbsp; SPDR S&amp;P Kensho Smart Mobility ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAIL#NYSE">HAIL</a>) and Invesco WilderHill Clean Energy ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBW#NYSE">PBW</a>).
The company&nbsp;is reportedly asking suppliers to ramp up parts capacity as the M03, the first model in its Mona lineup, gains popularity.
Xpeng recently adjusted its production schedule, asking suppliers to respond quickly to boost production capacity and delivery efficiency for the Mona M03, <a target="_blank" href="https://cnevpost.com/2024/09/10/xpeng-asks-suppliers-boost-capacity-mona-m03-orders-2000-per-day/" rel="noreferrer noopener">reported </a>CnEV Post.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/08/40646699/teslas-china-woes-just-got-worse-xpengs-model-3-killer-receives-over-30k-orders-in-48-hours-of-l" rel="noreferrer noopener">Tesla&#8217;s China Woes Just Got Worse: XPeng&#8217;s Model 3 Killer Receives Over 30K Orders In 48 Hours Of Launch</a>
The recent daily orders for the Mona M03 have surpassed 2,000 units, following 30,000 confirmed orders within 48 hours of the model&#8217;s launch.
&#8220;The voyage of the Mona M03 has just begun and we are confident about the future,&#8221; Xpeng told supplier partners, CnEV Post added.
Xpeng plans to introduce new models or updates each quarter, emphasizing that a robust and efficient supply chain is crucial to its success.
The Mona M03 electric sedan, launched on August 27, is available in three variants priced at RMB 119,800 ($16,830), RMB 129,800, and RMB 155,800, respectively. This is below the previously anticipated price of RMB 135,900, making it Xpeng&#8217;s most affordable model, about half the price of Tesla&#8217;s Model 3.
Following its launch, the Mona M03 received over 10,000 firm orders within the first 52 minutes, CnEV Post added.
Price Action: XPEV shares are trading higher by 0.24% to $8.541 at last check Tuesday.
Photo via Shutterstock
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

XPeng Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) <a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener">shares are trading lower on Friday</a>.
Xpeng Aeroht, the flying car division of Xpeng, reported receiving over 1,000 pre-orders for its modular flying car, despite official pre-sales not having started yet, <a target="_blank" href="https://cnevpost.com/2024/09/06/xpeng-aeroht-over-1000-pre-orders-modular-flying-car/" rel="noreferrer noopener">reported</a> CnEV Post.
The company revealed this milestone today, crediting the early orders to pioneering customers. According to the report, the company has now garnered over 3,000 intended orders for the product.
On September 4, Xpeng Aeroht conducted a private meeting with key partners and held an advance booking signing ceremony for the product on the same day, CnEV Post added.
The day before the communication session, Xpeng Aeroht showcased its modular flying car, known as a land carrier, for the first time at an event.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/06/39162311/future-of-travel-xpeng-aeroht-teams-up-with-autoliv-for-flying-car-safety-tech" rel="noreferrer noopener">Future Of Travel: XPENG AEROHT Teams Up With Autoliv For Flying Car Safety Tech</a>
The company plans to start mass production and deliveries of the modular flying car in 2026, with a price capped at RMB 2 million ($280,000).
Xpeng Aeroht will conduct the car&#8217;s first public manned flight at the Zhuhai Airshow in November and will also display it at the Guangzhou auto show later in the month.
Pre-sales for the product are set to begin in late 2024, with mass production and deliveries scheduled for 2026, according to founder and president Zhao Deli.
This new production timeline is a delay from the earlier plan, which had pre-orders starting in the fourth quarter of this year and mass production and delivery set for the fourth quarter of 2025.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, XPEV stock has lost over 54% in the past year. Investors can gain exposure to the stock via&nbsp;SPDR S&amp;P Kensho Smart Mobility ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAIL#NYSE">HAIL</a>) and&nbsp;Invesco WilderHill Clean Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBW#NYSE">PBW</a>).
Price Action: XPEV shares are trading lower by 2.38% to $8.62 at last check Friday.
Photo by Koshiro K on Shutterstock
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

ChargePoint Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHPT#NYSE">CHPT</a>) shares are trading higher today. The company introduced an AI-powered driver support tool designed to diagnose and repair electric vehicle <a target="_blank" href="https://www.benzinga.com/pressreleases/24/08/b40619071/chargepoint-releases-industry-first-ai-solution-to-enhance-driver-support-and-improve-network-reli" rel="noreferrer noopener">(EV) charging stations quickly</a>.
This new software, which is a first in the EV charging industry, uses AI to identify physical issues and enhance charger uptime.
The software allows drivers to report nonfunctional charging stations by submitting photos via the ChargePoint app. It analyzes the images and sends the findings to ChargePoint&#8217;s Network Operations Center, reducing the need for on-site inspections and speeding up issue resolution.
Rick Wilmer, CEO of ChargePoint said, &#8220;This technology will enable us to triage and resolve physical issues that cannot not be detected via remote monitoring, demonstrating our commitment to innovations which deliver a reliable charging network.&#8221;
Recently, the company has been collaborating with major automakers across the globe for advancement in EV charging solutions.
This week, the company partnered with&nbsp;Daimler Buses&nbsp;to integrate its telematics and charge management systems with&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/08/40577138/chargepoint-and-daimler-buses-team-up-for-ev-charging-solutions" rel="noreferrer noopener">Mercedes-Benz and Setra brand buses</a>.
In July, the company and Porsche Cars North America partnered to integrate charging services. The collaboration will increase the number of chargers available to Porsche customers to&nbsp;<a target="_blank" href="https://www.benzinga.com//node/39315235" rel="noreferrer noopener">more than 100,000 across North America</a>.
Investors can gain exposure to the stock via&nbsp;SPDR S&amp;P Kensho Intelligent Structures ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIMS#NYSE">SIMS</a>) and Invesco WilderHill Clean Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBW#NYSE">PBW</a>).
Price Action: CHPT shares are up 3.11% at $1.825 at the last check Thursday.
Photo via <a href="https://commons.wikimedia.org/wiki/File:Chargepoint_Electric_Vehicle_%28EV%29_Charging_Station,_Dakota_County,_Minnesota_%2841490006075%29.jpg">Wikimedia Commons</a>
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</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

CHPT

ChargePoint Leads The Charge: AI-Powered Repair Tool Aims To Fix EV Chargers Faster

ChargePoint Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHPT#NYSE">CHPT</a>) shares are trading lower today. J.P.Morgan analyst Bill Peterson outlined key expectations for the company, including guidance and industry trends, ahead of the company&#8217;s second-quarter <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">earnings release on September 4th</a>.
The analyst expects ChargePoint&#8217;s results to align with guidance but anticipates third-quarter guidance may fall below consensus due to industry headwinds and a cautious near-term outlook.
While the second half could show improvement, management must clarify its profitability path under various demand scenarios, especially if revenue growth remains flat or declines, says the analyst.
Peterson adds that investor skepticism is rising as peers in the U.S. and Europe report negative trends, with no recovery in the non-China EV market.
The analyst further writes that investor sentiment could improve if management confirms that the first half represents the year&#8217;s trough, supported by typical seasonality and slower commercial customer deployments, along with positive growth prospects heading into 2025.
The analyst maintained an Overweight rating for the company, seeing upside potential if management successfully <a target="_blank" href="https://www.benzinga.com/quote/CHPT/analyst-ratings" rel="noreferrer noopener">executes in this difficult market</a>.
Investors can gain exposure to the stock via&nbsp;SPDR S&amp;P Kensho Intelligent Structures ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIMS#NYSE">SIMS</a>) and Invesco WilderHill Clean Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBW#NYSE">PBW</a>).
Price Action: CHPT shares are down 3.54% at $1.7650 at the last check Wednesday.
Photo via <a href="https://commons.wikimedia.org/wiki/File:Chargepoint_Electric_Vehicle_%28EV%29_Charging_Station,_Dakota_County,_Minnesota_%2841490006075%29.jpg">Wikimedia Commons</a>
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Reiteration

ChargePoint Faces Tough Q3 Outlook Amid Industry Headwinds, Says Analyst

ChargePoint Holdings, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHPT#NYSE">CHPT</a>) partnered with Daimler Buses to integrate its telematics and charge management systems with <a target="_blank" href="https://www.benzinga.com/pressreleases/24/08/b40568351/chargepoint-and-daimler-buses-partner-to-enable-seamless-integration-of-vehicle-telematics-solutio" rel="noreferrer noopener">Mercedes-Benz and Setra brand buses</a>.
ChargePoint&#8217;s systems optimize fleet operations with real-time data, enabling efficient EV scaling. The Daimler Buses partnership ensures fast onboarding and provides fleet managers with tools for monitoring, insights, and reporting through a single interface.
Uwe Münch, Director for Bus &amp; Transit, Europe, at ChargePoint, said, &#8220;Over 9,500 buses use the ChargePoint fleet management system globally, many of which are made by Daimler Buses. With this new partnership, customers of both brands benefit from enhanced software to optimise their pure electric and mixed fuel fleets.&#8221;
Recently, the company has been collaborating with major automakers across the globe to expand its EV charging solutions.
In July, the company and Porsche Cars North America partnered to integrate charging services. The collaboration will increase the number of chargers available to Porsche customers to <a target="_blank" href="https://www.benzinga.com//node/39315235" rel="noreferrer noopener">more than 100,000 across North America</a>.
This month, ChargePoint announced the launch of ChargePoint&nbsp;Omni Port, an EV connector solution that ensures any EV can charge in any parking space, regardless of its connector type, and&nbsp;<a target="_blank" href="https://www.benzinga.com//node/40263569" rel="noreferrer noopener">without an expensive additional cable</a>.
Investors can gain exposure to the stock via&nbsp;SPDR S&amp;P Kensho Intelligent Structures ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIMS#NYSE">SIMS</a>) and Invesco WilderHill Clean Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBW#NYSE">PBW</a>).
Price Action: CHPT shares are down 0.54% at $1.83 premarket at the last check Tuesday.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Don&#8217;t miss the opportunity to dominate in a volatile market at the <a href="https://www.benzinga.com/events/small-cap/global-small-cap-conference-2024/" target="_blank" rel="noreferrer noopener">Benzinga SmallCAP Conference</a> on Oct. 9-10 at the Chicago Marriott Downtown Magnificent Mile. Get exclusive access to CEO presentations, 1:1 meetings with investors, and valuable insights from top financial experts. Whether you&#8217;re a trader, entrepreneur, or investor, this event offers unparalleled opportunities to grow your portfolio and network with industry leaders. Secure your spot and get your tickets today!

Contracts

ChargePoint And Daimler Buses Team Up For EV Charging Solutions

ChargePoint Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHPT#NYSE">CHPT</a>) shares are <a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener">trading higher on Thursday.</a>
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, CHPT stock has lost over 78% in the past year. Investors can gain exposure to the stock via&nbsp;SPDR S&amp;P Kensho Intelligent Structures ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIMS#NYSE">SIMS</a>) and Invesco WilderHill Clean Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBW#NYSE">PBW</a>).
Yesterday, the company&#8217;s peer Blink Charging Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLNK#NASDAQ">BLNK</a>) reported <a target="_blank" href="https://www.benzinga.com//node/40256533" rel="noreferrer noopener">worse-than-expected second quarter financial results.</a>
Today, ChargePoint announced the launch of ChargePoint&nbsp;Omni Port, an EV connector solution that ensures any EV can charge in any parking space, regardless of its connector type, and <a target="_blank" href="https://www.benzinga.com/pressreleases/24/08/b40249778/chargepoint-eliminates-ev-charging-connector-confusion-with-omni-port-adaptable-charging-solution" rel="noreferrer noopener">without an expensive additional cable.</a>
&#8220;With Omni port, ChargePoint solved the challenges associated with a multiple connector environment, ensuring Tesla and non-Tesla drivers can continue to expect a world-class driver experience,&#8221; said Rick Wilmer, CEO of ChargePoint.
Also Read<a target="_blank" href="https://www.benzinga.com/markets/asia/24/08/40247022/asia-mixed-europe-markets-dip-crude-falls-below-75-and-dollar-slips-global-markets-today-while-us-sl" rel="noreferrer noopener">: Asia Mixed, Europe Markets Dip; Crude Falls Below $75 And Dollar Slips – Global Markets Today While US Slept</a>
Omni Port removes the need for drivers to carry an adapter and eliminates the need for dedicated parking spots for specific connector types.
The company said Omni Port is the sole public solution addressing North America&#8217;s EV connector issues for both AC and DC charging.
It allows drivers of any vehicle make to use the same charging station by integrating the most common connector types into each port.
The company said it is included at no extra charge as a standard feature with ChargePoint&#8217;s compatible chargers.
Omni Port will begin shipping by the end of the year, and can be retrofitted onto ChargePoint CP6000 and Express Plus Power Link 2000 models at a nominal cost.
Price Action: CHPT shares are trading higher by 9.44% to $1.74 at last check Thursday.
Photo via <a href="https://commons.wikimedia.org/wiki/File:Chargepoint_Electric_Vehicle_%28EV%29_Charging_Station,_Dakota_County,_Minnesota_%2841490006075%29.jpg">Wikimedia Commons</a>
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BLNK

What's Going On With ChargePoint Stock Today?

백악관이 모든 연방 보조금과 대출에 대한 일시적인 동결을 명령하면서 3조 달러의 자금이 재검토를 받게 되었고, 이는 의회의 재정 권력에 대한 법적 및 정치적 충돌의 무대를 설정하여 <a href="https://www.benzinga.com/markets" target="_blank" rel="noopener" data-google-interstitial="false">광범위한 산업</a>에 큰 영향을 미칠 수 있다.
이 지침은 월요일에 예산관리국(OMB)에 의해 발행되었고 여러 언론 매체에 의해 수신되었다. 모든 연방 기관은 프로그램이 도널드 트럼프 대통령의 정책 우선사항과 일치하는지 검토되는 동안 지급을 중단해야 한다.
여기에는 새로운 수여 중단, 기존 프로젝트에 대한 지급 및 자금 지원도 포함된다.
이 명령의 정확한 재정적 영향은 불확실하다. 예산 전문가들은 <a href="https://www.washingtonpost.com/business/2025/01/28/trump-spending-freeze-upends-washington-triggering-legal-threats-delays/">워싱턴 포스트</a>를 인용하여 적어도 수백억 달러가 걸려 있다고 언급했지만, 백악관 지침은 총액이 훨씬 더 높을 수 있음을 시사한다.
2024 회계연도에 연방 정부가 지출한 거의 10조 달러 중 3조 달러 이상이 연방 재정 지원이었다. 매튜 배스(Matthew Vaeth) OMB 대행 국장이 메모에서 밝혔다.
&#8220;재정 지원은 행정부의 우선사항을 발전시키는 데 전념해야 한다&#8221;고 배스가 말하며 &#8220;연방 자원을 마르크스주의적 평등, 성전환주의 및 그린 뉴딜 사회 공학 정책을 추진하는 데 사용하는 것은 납세자 자금의 낭비로서 우리가 봉사하는 사람들의 일상 생활을 개선하지 않는다&#8221;고 덧붙였다.
백악관은 사회 보장(사회보험)과 메디케어는 영향을 받지 않는다고 밝혔다. 이 광범위한 중단은 연방 지원에 의존하는 대학, 비영리 단체, 계약자 및 민간 회사들에 대한 자금 지원을 위협한다.
&#8220;이 메모의 어떤 내용도 메디케어나 사회 보장 혜택에 영향을 미친다고 해석되어서는 안 된다&#8221;라고 이 메모가 명시했다.
즉각적인 초점은 기관들이 면제를 처리하는 방법에 있을 것이다. OMB 메모는 연방 부서가 개별 승인을 요청할 수 있도록 허용하므로 일부 자금은 여전히 흐를 수 있지만, 과정은 느리게 진행되고 정치적으로 긴장이 고조될 가능성이 높다.
연방 기관들은 2025년 2월 10일까지 OMB에 어떤 프로그램, 프로젝트 및 활동이 자금 중단의 영향을 받는지를 자세히 보고해야 한다.
<h3 class="wp-block-heading">연방 자금을 둘러싼 법적, 정치적 충돌</h3>
이번 조치는 비영리 단체와 민주당 주들로부터 법적 도전을 촉발하고 있다.
발표 몇 시간 내에 뉴욕, 일리노이 및 오리건의 연방 법원에 소송이 제기되어 트럼프가 의회에서 승인된 지출을 유보할 권한이 없다고 주장했다.
척 슈머 상원 소수당 원내대표는 의회가 승인한 투자는 법적으로 의무화되어 있으며 대통령은 연방 자금에 대한 일방적인 행정 통제를 제한하는 1974년 압류 통제법을 무효화할 권한이 없다고 주장하면서 가장 먼저 반발했다.
트럼프는 1974년 법이 위헌이라고 오랫동안 주장해왔으며, 과거 대통령들은 이 법이 통과되기 전에는 지출에 대해 훨씬 더 많은 재량권을 가지고 있었다고 말했다.
<h3 class="wp-block-heading">어떤 산업들이 어려움에 직면할 수 있을까?</h3>
가장 큰 타격을 받을 수 있는 섹터는 클린 에너지, 국방, 건강 관리 및 교육 분야일 수 있다. 최근 몇 년 동안 연방 자금이 투자 및 성장을 주도하는 데 중요한 역할을 했다.
트럼프의 OMB 메모는 기후 이니셔티브와 청정 에너지 프로그램을 명시적으로 겨냥했다. 연방 자금 동결 이후 태양광 및 재생 가능 에너지 회사들의 주가가 가장 큰 타격을 받았다.
Invesco Solar ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAN#NYSE">TAN</a>)와 Invesco Wilderhill Clean Energy ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBW#NYSE">PBW</a>)는 각각 2%, 1.3% 하락했다.
선노바 에너지 인터내셔널(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOVA#NYSE">NOVA</a>)는 12% 하락했고, 선런(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>)은 9.2% 하락했으며 솔라엣지 테크놀로지스(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>)는 5% 하락했다.
록히드 마틴(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>), RTX(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) 및 노스롭 그루먼(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>)과 같은 방산 계약자들도 불확실성이 증가할 수 있다. 군사 지출이 전면적으로 삭감될 가능성은 낮지만, 여러 방산 계약자들은 연구 개발을 위한 연방 보조금에 의존하고 있다.
건강 관리에 미치는 영향은 불확실하다. 메디케어는 보호되지만, 병원, 관리 의료 제공자 및 제약 회사들을 지원하는 메디케이드 자금은 위험에 처할 수 있다.
HCA 헬스케어(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HCA#NYSE">HCA</a>)와 유니버설 헬스 서비스(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UHS#NYSE">UHS</a>)는 각각 1% 및 1.4% 하락했으며, 테넷 헬스케어(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THC#NYSE">THC</a>)는 화요일에 회복세를 보였다.
다음 읽기:
<ul>
<li><a href="https://www.benzinga.com/economics/macro-economic-events/25/01/43281252/fed-set-to-signal-no-rush-to-cut-rates-as-wall-street-awaits-policy-clarity">연준, 금리 인하 서두르지 않을 것 신호 예정 &#8211; 월스트리트가 정책 명확성 대기 중</a></li>
</ul>
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