US Stock Market Move | CECEP Solar Energy, a concept stock of photovoltaic industry, has surged. Daqo New Energy Corp Sponsored ADR (DQ.US) rose more than 7%.

On Friday, the concept stocks of CECEP Solar Energy in the US stock market rallied. As of the deadline, Sunrun (RUN.US), Daqo New Energy Corp Sponsored ADR (DQ.US), CSI Solar Co., Ltd. CECEP Solar Energy (CSIQ.US) rose by over 7%, Jinko Solar (JKS.US) rose by over 6%, Array Technologies (ARRY.US) rose by over 6%, and Enphase Energy (ENPH.US) rose by over 4%. On the news front, the upcoming tax guidance policy from the US Department of the Treasury next week is threatening the financial feasibility of hundreds of Clean Energy Fuels Corp. projects across America. This decision may overturn existing rules and exacerbate the Trump administration's tightening policies on wind energy and the CECEP Solar Energy industry. The core dispute stems from the adjustment of the eligibility criteria for tax credits for Clean Energy Fuels Corp. For a long time, developers who spend over 5% of the project cost by a specific deadline are considered to have met the "under construction" condition and are eligible for tax subsidies. However, Trump signed an executive order last month, requiring the Treasury Department to significantly raise this threshold or require developers to provide more evidence of construction progress. Analysts point out that if the new regulations take effect, many projects that rely on tax credits to make a profit may face the risk of losing eligibility or even forced cancellation.