Solar Investors Shrug Off Clean-Power Plan, Eying Tax Credits
- Investors ‘focused more’ on tax credits and other incentives
- Jinko, Canadian Solar climb along with broader market
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Solar investors are shrugging off concerns that a key clean-energy provision may be stripped from the Democrats’ spending package, signaling they’re more focused on other proposals more likely to remain in the legislation.
While the program is central to President Joe Biden’s climate plans, investors are keying in on other parts of the bill that would extend wind and solar tax credits, promote energy storage and more, according to Jeff Osborne, an analyst at Cowen & Co.