Markets rewarded investors who took advantage of the Big Beautiful Bill, sending clean energy stocks. Enphase Energy (ENPH) added 12.83% on Thursday. The rally erased the sell-off on June 16, when shares fell from $45 to below $35.
Investors are speculating that instead of winding down clean energy credits, Republicans on the Senate tax-writing committee may offer more generous ones. ENPH stock is the most attractive. Sunrun (RUN), Maxeon Solar (MAXN), and SolarEdge (SEDG) also rebounded. However, Enphase has strong profitability and trades at a discount.
Copper supplier Freeport-McMoran (FCX) now trades at levels not seen since December 2024. Copper prices traded at prices not seen in four years on the London Metal Exchange on Wednesday. Goldman Sachs warned that copper supplies are tightening. In addition, an investigation into copper imports might trigger meaningful tariffs. The shortage will worsen.
Investors may also consider Southern Copper (SCCO), Teck Resources (TECK), BHP, and Rio Tinto (RIO).
Despite needing to raise cash, diluting shareholders, Super Micro Computer (SMCI) added nearly $10 to its stock price in the last week. The supplier of high-performance servers and storage did not post any fundamental changes to the business. Supply constraints continue to limit the company’s revenue growth. Investors should consider Nvidia (NVDA), AMD (AMD), Broadcom (AVGO), or Dell Technologies (DELL) instead.
