Stock Movers Weekly Roundup: Coinbase Rises, Circle Soars, Solar Stocks Fall
Jun 20, 2025
Coinbase soared by 27%, marking it as the top gainer in the S&P after securing a crucial license for EU operations. Circle's shares jumped 20% on optimism about stablecoin regulations, raising hopes for significant market growth. Meanwhile, solar stocks like Enphase and First Solar faced declines after proposed legislative changes threatened their tax credits. The podcast also highlights contrasting fortunes for Accenture, which struggled during this turbulent financial landscape.
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Coinbase Expands Into EU Market
- Coinbase gained 27% and was the S&P's top weekly gainer on news it got crypto license for all 27 EU member states.
- This license enables Coinbase to offer a full crypto product suite to 450 million EU people, boosting its market reach significantly.
Circle Soars on Regulatory Optimism
- Circle shares surged over 600% since June 5 IPO, boosted by the US Senate regulatory legislation for dollar-pegged cryptos.
- Stablecoin regulation optimism and a first buy rating from Seaport Global propelled Circle's stock gains.
Solar Stocks Fall on Tax Credit Bill
- U.S. solar stocks, like Enphase Energy and First Solar, dropped sharply after Senate Republicans proposed ending clean energy tax credits early.
- The revised bill plans wind and solar credits to end in 2028, earlier than for nuclear, hydropower, and geothermal.