Will solar stocks shine in the wake of Trump's One Big Beautiful Bill Act?
CHARLESTON, S.C., August 04, 2025 — Max Jackson & other wealth managers shed some light on the future of solar stocks now that the OBBBA has been enacted.
ARTICLE SUMMARY
Mixed recent performance: Solar stocks, as tracked by the Invesco Solar ETF (TAN), are up 12% YTD (2025) but remain down over 8% year-over-year and over 16% over the past five years—underperforming the broader S&P 500 significantly.
Policy shifts under Trump: The One Big Beautiful Bill Act reduces support for renewables but expands deregulation and incentives for other energy sources. TCW’s Eli Horton notes that short-term support for solar may continue, especially due to its speed-to-market and cost advantages.
Energy demand is booming: Ballast Rock’s Max Jackson sees long-term demand from AI, robotics, EVs, and reshoring as bullish for all energy—including solar. He highlights solar’s fast deployment and views community solar as a near-term opportunity despite federal funding cuts.
Bearish voices remain: Some, like Becky Lightman of Lightman Capital, warn that solar remains too dependent on subsidies, vulnerable to rate hikes, and exposed to geopolitical risks—making it a poor bet in the current political and economic climate.
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