Here Are The Winners And Losers In The ”Inflation Reduction Act”

Monday, 8 August 2022, 16:39:09
Here Are The Winners And Losers In The ”Inflation Reduction Act” As Democrats pat themselves on the back after the Senate finally passed their massive tax, climate, and healthcare bill – the “Inflation Reduction Act” which Senate Majority Leader Chuck Schumer called “one of the most significant pieces of legislation passed in a decade,” Bloomberg has compiled a list of winners and losers . WINNERS: The Wealthy Alec Monopoly Not only did none of the billions in tax increases Democrats threatened high-earners with last year make it into the final version of the bill, their plans to ”tax the 1%” turned out to be nothing more than a big virtue signal. Private equity fund managers As we noted on Friday , the landmark bill only passed after AZ Sen. Kyrsten Sinema insisted on keeping the carried-interest loophole that allows investment managers (like her former bosses ) to shield the majority of their income from higher taxes. The private equity industry was able to gain an additional win shortly before the final passage of the bill when a handful of Democrats broke with their party to vote on a Republican amendment that created a carveout for private equity-owned companies in the corporate minimum tax. -Bloomberg Speaking of…
— Zero Hedge

3 Stocks Poised to Get Charged Up with the New Climate Bill

Monday, 8 August 2022, 14:57:57
After much debate, the U.S. Senate passed Democrats’ $430 billion climate, healthcare, and tax bill on Sunday, August 7. The bill also called the Inflation Reduction Act, allocates billions of dollars to clean energy initiatives. It also aims to reduce prescription drug prices and includes a new 15% minimum tax on large corporations. The bill will now head to the House for voting, where it will be signed into law once passed. In this article, we will look at three clean-energy companies that stand to benefit from the new climate bill – Sunrun (NASDAQ: RUN), Plug Power (NASDAQ: PLUG), and ChargePoint Holdings (NYSE: CHPT).
— TipRanks

Tesla, Palantir, Global Blood and More Stock Market Movers

Monday, 8 August 2022, 13:22:00
Warren Buffett”s Berkshire Hathaway, Signify Health and solar stocks First Solar and Sunrun make notable moves in the premarket session.
— Barron”s

Sunrun Inc. – Consensus Indicates Potential 38.3% Upside

Sunday, 7 August 2022, 17:42:44
Sunrun Inc. with ticker code (RUN) now have 21 analysts in total covering the stock. The consensus rating is ”Buy”. The range between the high target price and low target price is between 70 and 12.74 and has a mean target at 44.02. Now with the previous closing price of 31.82 this would indicate that there is a potential upside of 38.3%. The 50 day moving average now sits at 25.67 and the 200 moving average now moves to 31.4. The company has a market cap of $7,050m. Visit the company website at: https://www.sunrun.com [stock_market_widget type=”chart” template=”basic” color=”green” assets=”RUN” range=”6mo” interval=”1d” axes=”true” cursor=”true” api=”yf”] The potential market cap would be $9,753m based on the market concensus. Sunrun Inc. engages in the design, development, installation, sale, ownership, and maintenance of residential solar energy systems in the United States. It also sells solar energy systems and products, such as panels and racking; and solar leads generated to customers.
— DirectorsTalk

The Inflation Reduction Act ”could be the most impactful climate legislation of our lifetimes”: SunRun CEO

Sunday, 7 August 2022, 14:50:16
The Inflation Reduction Act is moving through the Senate, and the legislation is being hailed as perhaps the most important climate bill in modern times.
— Yahoo Finance