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Boralex Inc Class A

BLX: XTSE (CAN)
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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
CAD 78.00SqpnPflldtpg

Manchin Says No to Additional Clean Energy Incentives, but Impact Is Limited

On July 14, U.S. Sen. Joe Manchin, Democrat from West Virginia, indicated that he would not support a reconciliation package with additional climate incentives, seemingly ending the uncertainty of much of the past year. The rumored clean energy package had recently been pegged at around $300 billion and included extensions of existing tax credits for wind and solar as well as potential credits for newer technologies, such as hydrogen, stand-alone energy storage, and support for existing nuclear plants. Incentives for domestic solar manufacturing and electric vehicles were also contemplated.

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