Lennar $LEN just reported mixed results and suffered its 7th consecutive negative earnings reaction.
This is one of the largest homebuilders in the United States.
The company operates across 26 states, with significant exposure to high-growth Sun Belt markets. Florida, Texas, and California are among its most important regions.
Their business model is simple: build quality homes, control costs, and manage supply carefully.
But that model is being tested...
Affordability challenges are weighing on buyers.
High mortgage rates, rising costs, and weak pricing power are all cutting margins.
This is still a heavyweight in housing.
However, until the market feels better about margins and demand, investors aren’t giving it the benefit of the doubt.
So what else did we learn from yesterday's earnings reactions? Let’s dive into the details.
Here are the latest earnings stats from the S&P 500 👇
There weren’t any S&P 500 earnings reactions yesterday…
But a major policy headline just rocked the solar industry, and we think it's worth noting.
Late last night, the Senate Finance Committee unveiled a surprise proposal to phase out clean energy tax credits by 2028.
This was well ahead of schedule.
Investors had been pricing in years of continued subsidy support. The abrupt shift caught the industry completely offside.
To make matters worse, a major Wall Street bank doubled down on its bearish view this morning. They're specifically targeting residential solar names like Sunrun $RUN, SolarEdge $SEDG, and Enphase $ENPH.
The market’s response? Carnage.
The Solar ETF $TAN started the day down 10.5% in pre-market trading 📉
As you can see, it's very unusual for the Solar ETF to have a double-digit percentage move in a single day.
However, today was extra violent. Before the market opened, the price had crashed by over 10%.
Every stock was getting smoked.
Many names are still down a lot as we're writing this intraday.
Sunrun, SolarEdge, and Enphase Energy are leading the way on the...
