Enphase Energy Downgrade, General Dynamics Jumps, Carnival Shares Higher
On this episode of Stock Movers:- Enphase Energy (ENPH) shares dropped following a downgrade from Jeffrey's analyst Julian Duma and Smith, who raised concerns around the company's potential exposure to cuts in the Inflation Reduction Act. House Republicans are hoping for around $1.5 trillion in deficit reductions and the IRA could be a key area for tweaks. Companies like Enphase and First Solar could be most impacted.- General Dynamics (GD) shares climbed as President Trump said the next defense budget may reach as much as $1 trillion. “We are very cost conscious but the military is…
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