Solar Stocks Rally: On August 18, 2025, solar stocks surged after the U.S. Treasury Department issued guidance on clean energy tax credits that was less restrictive than expected, leading to significant gains for companies like First Solar and Sunrun.
ETFs Performance: Various clean energy exchange-traded funds (ETFs) reached 52-week highs following the announcement, reflecting strong investor confidence in the sector.
Tax Credit Clarifications: The new IRS guidance allows smaller projects, such as rooftop solar installations, to benefit from a 5% "safe harbor" rule, while larger utility-scale projects must show substantial physical work has begun to qualify for tax credits.
Analyst Reactions: Analysts from Jefferies and Citi viewed the updated guidance positively, noting it was better than anticipated and not retroactive, alleviating fears of stricter regulations and higher investment thresholds.
Wall Street analysts forecast CNRG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CNRG is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast CNRG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CNRG is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
0 Hold
0 Sell
Current: 97.337
Low
Averages
High
Current: 97.337
Low
Averages
High
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
