Stock Movers Equinix Falls, McCormick Rises, Enphase Gains on Tax Credit News
Jun 26, 2025
Equinix shares take a hit due to disappointing long-term forecasts and rising debt costs. Meanwhile, McCormick enjoys a surge as it beats earnings expectations and maintains its guidance, easing concerns over tariff impacts. Enphase sees a boost thanks to discussions around maintaining tax credits for solar panels, despite some worries about margins. The podcast discusses these contrasting stock movements and insights into the evolving financial landscape.
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Equinix's Debt Impact On Growth
- Equinix's long-term plan to build capacity through 2029 relies heavily on upfront debt issuance.
- This will increase interest expenses, causing subdued near-term growth despite future potential.
McCormick Eases Tariff Fears
- McCormick reaffirmed profit and sales guidance despite an incremental impact from tariffs.
- This reassurance helped ease investor concerns despite rising import tariffs from China.
Enphase Boosted By Tax Credit Talks
- Enphase shares rose due to discussions about delaying rooftop solar panel tax credit cuts.
- Such policy changes affect solar sector margins, potentially reverting them to pre-Inflation Reduction Act levels.