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Fiscal Spend '24: Renewables
10 tickers · $438.79B total market cap
Group: Fiscal Spend
The thesis for fiscal spending in the renewables sector, as of Spring 2025, is mixed. The ongoing implementation of the Inflation Reduction Act (IRA) continues to offer substantial incentives for renewable energy projects in the US, benefiting companies like EOAN GR. However, the recent shift in the US administration following Trump'Äôs election introduces uncertainty regarding the continuation of these federal support measures, as the new administration prioritizes different aspects of energy policy. This creates a cautious outlook for firms heavily reliant on US fiscal incentives for renewables.
Fiscal Spend '24: Renewables tracks 10 publicly listed stocks in this theme: AMSC, ARRY, BE, BLBD, EOAN.XETRA, FSLR, GEV, KCCA, NXT, TPIC. See the constituent table for details.
Thesis update: 2025-04-01
Constituents
Build 20260520T081747
| Company | Previous Quarter Report Date | Next Expected Report Date | Last Quarter Earnings Move % | Earnings Move % | Intra-Quarter Move % | Since Last Report % | Market cap | Weight |
|---|---|---|---|---|---|---|---|---|
GE Vernova Inc.GEV | 04/22/2026 (BMO) | 04/22/2026 (BMO) | 3.56% | 15.96% | 38.18% | -11.98% | $271.89B | 10.0000 |
Bloom Energy CorporationBE | 04/28/2026 (AMC) | 04/28/2026 (AMC) | 4.71% | 22.71% | 58.27% | -9.25% | $62.83B | 10.0000 |
E.on SeEOAN.XETRA | 05/13/2026 (BMO) | 05/13/2026 (BMO) | 5.86% | 1.12% | -8.99% | -0.34% | $55.74B | 10.0000 |
First Solar, Inc.FSLR | 04/30/2026 (AMC) | 04/30/2026 (AMC) | -17.73% | 11.07% | 0.89% | 4.72% | $23.82B | 10.0000 |
Nextpower Inc.NXT | 05/12/2026 (AMC) | 05/12/2026 (AMC) | 14.32% | 8.01% | 3.54% | -6.78% | $18.87B | 10.0000 |
American Superconductor CorporationAMSC | 02/04/2026 (AMC) | 05/20/2026 (AMC) | 2.03% | — | 81.46% | — | $2.24B | 10.0000 |
Blue Bird CorporationBLBD | 05/06/2026 (AMC) | 05/06/2026 (AMC) | 19.16% | 11.75% | 9.85% | -8.74% | $2.05B | 10.0000 |
Array Technologies, Inc.ARRY | 05/06/2026 (AMC) | 05/06/2026 (AMC) | -31.09% | 0.24% | 7.26% | -1.71% | $1.23B | 10.0000 |
KraneShares California Carbon Allowance Strategy ETFKCCA | — | — | — | — | — | — | $108.0M | 10.0000 |
TPI Composites, Inc.TPIC | 11/10/2025 (AMC) | — | 0.00% | — | 0.00% | — | $6.2M | 10.0000 |
| Average | 0.09% | 10.12% | 21.16% | -4.87% | $43.88B | 10.0000 | ||
| Median | 3.56% | 11.07% | 7.26% | -6.78% | $10.56B | 10.0000 | ||
| Std Dev | 14.63% | 7.36% | 29.25% | 5.49% | $79.16B | 0.0% | ||
| Min | -31.09% | 0.24% | -8.99% | -11.98% | $6.2M | 10.0000 | ||
| Max | 19.16% | 22.71% | 81.46% | 4.72% | $271.89B | 10.0000 | ||
| % Positive Tickers | 66.67% | 100.00% | 77.78% | 14.29% |
* Provisional value: before LstRpt% reaches its 2-day post-report lock window (BMO/AMC adjusted), EarningsPerf is calculated from current vs pre-report and then locks to final LstRpt%.