Stock Movers Enphase Drops, T-Mobile Falls, JetBlue Lower on Cost Cuts
Jun 17, 2025
Enphase faces a major stock drop after a Senate bill threatens clean energy tax credits. T-Mobile’s shares stumble following SoftBank's massive stake sale to fund AI investments. Meanwhile, JetBlue is reacting to weaker travel demand by cutting costs, which includes slashing flights and parking jets. These shifts reflect significant pressures in the market, showcasing the need for investors to be aware of changing economic factors.
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Enphase Shares Plunge on Tax Bill
- Enphase shares dropped over 23%, hitting the largest single-day fall since 2016 due to a Senate bill proposal ending solar tax credits early.
- Tax incentives for wind and solar would end by 2028, earlier than expected, while other energy sources retain credits until 2036.
Solar Tax Credit Disparity Explained
- Solar tax credits remain available for utilities under power purchase agreements but not for individual homeowners installing panels.
- This discrepancy raises questions since Enphase primarily installs residential solar panels, impacting their business.
SoftBank Sells T-Mobile Shares for AI Funding
- T-Mobile shares fell nearly 4% after SoftBank sold $4.8 billion of its stake, the largest U.S. share sale since February.
- SoftBank plans to use proceeds to invest heavily in AI, including up to $30 billion in OpenAI.