24H｜Kratos up 5%; AeroVironment up 2%; Sunrun And SolarEdge Both Tumbled More Than 20%; Enphase Dropped 14%; Redwire Fell 9%
U.S. defense stocks rose in overnight trading. Kratos up 5%; AeroVironment up 2%; RTX, Lockheed Martin and Northrop up 1%.
Shares of U.S. solar energy companies tumbled in overnight trading after Republicans who control the U.S. Senate Finance Committee unveiled changes to President Donald Trump's sweeping tax-cut and spending bill that would phase out solar, wind and energy tax credits by 2028.
Shares of Enphase Energy ENPH.O, which makes solar inverters, dropped 14% in after hours trade. Solar panel sellers Sunrun RUN.O and SolarEdge Technologies SEDG.O both tumbled more than 20%. First Solar FSLR.O lost 7%.
Shares of aerospace and defense technology company Redwire were trading 9% lower in overnight trading following news it commenced an underwritten public offering of $200 million of its common stock.
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